Cable raw materials (rubber) weekly report (7.18-7.22)

1.
Macroeconomic news

1.
Data released by the National Association of Realtors (NAR) on July 21 showed that the total number of existing home sales in the United States rose 1.
1% annualized in June to 5.
57 million, better than the expected 5.
48 million and a nine-year high
.
U.
S.
mortgage rates fell to their lowest level
since 2013.
NAR economists said this may have attracted some first-time buyers back to the market, making first-time buyers account for 33% of total sales in June, a nearly four-year high
.

2.
According to media reports, the scale of Japan's upcoming economic stimulus package may be as high as 30 trillion yen
.
Some observers believe the size of the government's new stimulus program could climb to between $20 trillion and 30 trillion yen ($189 billion to $283 billion).

This could reduce pressure on the Bank of Japan to ease monetary policy further at this
month's interest rate meeting.

3.
The Ministry of Commerce said at the press conference that in June this year, China's outward direct investment was 100.
17 billion yuan, a year-on-year increase of 44.
9%; In the first half of this year, China's non-financial outward direct investment reached 580.
28 billion yuan, a year-on-year increase of 58.
7%.

By the end of June, China's foreign non-financial direct investment had accumulated 6.
2 trillion yuan
.
He pointed out that in the first half of the year, the industry distribution pattern of China's foreign investment was further optimized, and the investment in manufacturing increased rapidly; Secondly, the contracting business of "Belt and Road" countries has grown rapidly; Provinces and cities along the Yangtze River Economic Belt have been active
in foreign investment.