Cable raw materials (rubber) weekly report (7.4-7.8)

1.
Macroeconomic news

1.
According to the minutes of the Fed's June FOMC meeting, officials pointed to increasing uncertainty in the US labor market and low financial stability threatening the outlook
.
The Fed believes that it should cautiously wait for more data and Brexit before
raising interest rates.
Fed officials are widely divided
on how to raise interest rates, the economic outlook, inflation and so on.
The sluggish non-farm payrolls data in May was another important reason for
the Fed's inaction in June.
The US added 38,000 non-farm payrolls in May, well below market expectations of 160,000, which worried the Fed and therefore believed that it should act cautiously
.

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.

3.
According to the National Bureau of Statistics, in June 2016, the ex-factory price of industrial producers in the country fell by 0.
2% month-on-month and 2.
6%
year-on-year.
Industrial producer purchase prices rose 0.
2% month-on-month and decreased 3.
4%
year-on-year.
In the first half of the year, the ex-factory price of industrial producers fell by 3.
9% year-on-year, and the purchase price of industrial producers fell by 4.
8%
year-on-year.