Cable raw materials (rubber) weekly report (8.8-8.12)

1.
Macroeconomic news

1.
The US retail sales data for July released on Friday was unexpectedly flat, missing market expectations, the Dow and S&P 500 fell from record highs, and the dollar fell
.
The slowdown in consumer spending undermined investor confidence in the acceleration of U.
S.
economic growth in the third quarter and lowered expectations that the Federal Reserve would raise interest rates in the short term
.
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
.

2.
According to the data of the national consumer price index (CPI) and industrial producer price index (PPI) for July 2016 released by the National Bureau of Statistics on August 9, CPI rose by 0.
2% month-on-month and 1.
8% year-on-year;PP I rose 0.
2% month-on-month and decreased by 1.
7%
year-on-year.
Experts believe that the CPI in the third quarter may show a downward trend, and the CPI may rise slightly in the fourth quarter due to weather factors; The continued narrowing of the PPI decline is the trend
in the coming months.

3.
The Bank of England announced a 25 basis point interest rate cut, increasing the size of the asset purchase program to 435 billion
.
This is the first time since March 2009 that the Bank of England has adjusted bank interest rates
.
After the announcement of the decision, the pound plunged sharply against the dollar in the short term
.
After the June Brexit referendum, Bank of England Governor Mark Carney hinted at a summer interest rate cut to deal with the possible impact
of Brexit.
But at the July meeting, the Bank of England did not rush as the market expected
.
The minutes showed that the committee discussed possible stimulus policies, with most members saying the impact of Brexit needed to be seen further and that there would be enough evidence to decide on action
by August.