Cable raw materials (rubber) weekly report (8.15-8.19)

1.
Macroeconomic news

1.
Data released by the U.
S.
Department of Commerce on Friday showed that U.
S.
retail sales rose 0.
0% month-on-month in July, less than the expected 0.
4%.

In addition, according to data released by the US Department of Labor, the US producer price index (PPI) fell by 0.
4% in July, less than the expected 0.
1%, the biggest decline since last September
.
On this news, the USD/JPY fell 0.
65% on Friday, the EUR/USD dollar rose 0.
22%, and the dollar index fell to a one-week low of 95.
254
.

In February and July, the national CPI rose 0.
2% month-on-month and 1.
8% year-on-year;PP I rose 0.
2% month-on-month and decreased 1.
7%
year-on-year.
Experts believe that with the rise in commodity prices and the low base of last year, the domestic PPI decline in August will continue to narrow
.
As it will enter the traditional "gold nine silver ten" consumption season, its month-on-month increase will expand
as downstream stocking progresses.
Ferrous and non-ferrous metal prices rose, the number of crude oil rigs in the United States increased, the hidden danger of oversupply still existed, oil prices decreased slightly, coal prices rose steadily, and PPI is expected to continue to narrow
.

3.
Data released by the Cabinet Office yesterday showed that due to the decline in exports due to the appreciation of the yen, coupled with the decline in corporate equipment investment, personal consumption remained sluggish, and Japan's real gross domestic product (GDP) in the second quarter of 2016 grew at an annual rate of 0.
2%, lower than market expectations
.
Lower overseas demand pushed down GDP growth by 0.
3 percent, while domestic demand contributed 0.
3 percent of GDP
.
In addition, Japanese corporate investment spending has fallen for two consecutive quarters, the first such
since the consumption tax hike in 2014.
Despite the rapid expansion of the Bank of Japan's balance sheet, the investment of Japanese companies has remained unchanged
for almost three years.