April 2016 cable raw materials (copper) monthly report

1
.
The IMF lowered its global growth forecast, saying that the global economy has been weak for too long and that there is not much room for error for global economic policymakers.
The least favorable of the advanced economies is Japan, which is expected to grow to 0.
5% and believes that the Japanese economy will shrink by 0.
1%
next year.
At the same time, due to strong domestic demand, China's economic growth forecast
for this year and next has been raised.

2.
According to the data of the think tank center of the E-House Research Institute, after Shanghai's "3.
25 New Deal", Shanghai's property market transactions cooled down significantly, volume and price fell together, the transaction area fell by 56%, and the average transaction price fell by 4%.

On March 25 this year, the Shanghai Municipal Government issued a new policy
on property purchase restrictions.
Shanghai surpassed Beijing to become the city with the strictest purchase restrictions in the country
.

China's GDP grew by 6.
7% in the first quarter, in line with market expectations, but lower than the 6.
8% in the fourth quarter of last year and the lowest growth rate
since the first quarter of 2009.
According to the Bureau of Statistics, China's economy is showing signs
of building a bottom.
In the short term, China's economy may be U-shaped and W-shaped, and the medium- and long-term trend may be similar to L-shaped
.

4.
The preliminary manufacturing PMI of the Eurozone in April was 51.
5, less than the expected 51.
9
.
France remains the main drag on the eurozone, while growth has slowed
in other countries, including Germany.
Chris Williamson, chief economist at Markit, believes that the ECB may need to adopt more aggressive policies to promote a sustainable recovery
in the euro area.

5.
The Fed kept the federal funds rate unchanged at 0.
25%-0.
5% at this meeting, in line with expectations
.
The Fed reiterated that it will raise rates gradually, but did not give a commitment
on when it will next raise rates.
The Fed will hold its next FOMC meeting on June 14-15, when Fed Chair Janet Yellen will also hold a press conference
.
U.
S.
stocks rose short-term, updating intraday highs, and the dollar fell back after a short-term rush
.

6.
US real GDP in the first quarter increased by 0.
5% annualized quarter-on-quarter, a two-year low
.
The United States has had an unfavorable
start to the third consecutive year.
Preliminary core PCE rose 2.
1% in the first quarter, better than expected
.
Household consumption growth slowed to 1.
9 percent
.
The Fed acknowledged yesterday signs of weakness in the economy, but highlighted further improvement
in the labor market.