November 2016 cable raw materials (copper) monthly report

In the United States, the latest November non-farm payrolls report released by the US Department of Labor showed that the US non-farm payrolls increased by 178,000 after the November quarterly adjustment, lower than the expected increase of 175,000, and the previous value was also revised down from an increase of 161,000 to an increase of 142,000
.
In terms of unemployment, the latest figure for November was 4.
6 per cent, well below expectations and the previous reading of 4.
9 per cent, the lowest since
August 2007.
U.
S.
nonfarm payrolls rose better than expected in November, and the unemployment rate fell to a more than nine-year low, with the stellar employment data reflecting rising confidence in the U.
S.
economy, and a series of previously released economic data including inflation, manufacturing, housing and consumer spending all performed well, making it almost certain that the Fed will raise interest rates
in December.

In China, since the third quarter, the central bank's monetary policy has seen obvious target changes, which are reflected in the central bank's intention to restart 14-day and 28-day reverse repurchases, increase the proportion of long-term funds invested in medium-term lending facilities (MLF), and prevent "maturity mismatch and liquidity risk"
.
In the recent stage, the period of the central bank's open market operation has been significantly lengthened, which is intended to curb financial leverage, but this does not mean that monetary policy has been tightened hastily, and monetary policy has not changed its steady pattern
.
At present, the domestic short-term monetary policy will be stable and tight, and the interbank funding rate will remain tight
.