Cable raw materials (rubber) weekly report (6.20-6.24)

1.
Macroeconomic news

1.
The total number of existing home sales in the United States in May was 5.
53 million, the highest since February 2007, and the expectation was 5.
55 million, and the previous value of 5.
45 million was revised to 5.
43 million
.
Total U.
S.
existing home sales rose 1.
8 percent month-on-month in May, and U.
S.
existing home sales rose 4.
5 percent year-on-year and hit a more than nine-year high, suggesting that the U.
S.
economy remains on solid footing
despite a sharp slowdown in job growth last month.
Strong sales data paint a picture of an upbeat economic outlook, helping to allay concerns about the outlook for the U.
S.
economy triggered by a slowdown in job growth last month
.

2.
The uncertainty over the details of Brexit has caused more severe market volatility
.
GBP/USD fell 4% intraday, refreshing a 31-year low; European stocks extended losses; The UK 10-year bond yield fell below 1% for the first time in history, and the Spanish 10-year bond yield fell below the Italian government bond during the same period; USD/JPY fell more than 0.
4%.

European bank stocks have fallen the most in history in the past two days, and the collapse for two consecutive days has caused the shares of the three banks, Royal Bank of Scotland, Barclays and Lloyds, to plummet by three or four percent
after the referendum.

From January to May, the total profit of industrial enterprises above designated size in the country was 2.
38164 billion yuan, an increase of 6.
4% year-on-year, and the growth rate was 0.
1 percentage points
lower than that from January to April.
In May, industrial enterprises above designated size achieved a total profit of 537.
22 billion yuan, a year-on-year increase of 3.
7%, and the growth rate was 0.
5 percentage points
lower than that in April.