June 2016 cable raw materials (rubber) monthly report

1.
Macroeconomic news

1.
Data released by the US Department of Labor on June 16 showed that the US CPI rose 0.
2% month-on-month in May, less than the expected 0.
3% increase, and the CPI increased by 0.
4% month-on-month in April, when April's month-on-month growth rate hit the fastest
since February 2013.
Broken down, prices for most goods and services did not rise sharply, but gasoline prices continued to rise as crude oil prices rebounded, and rents rose by the biggest monthly increase since February 2007, driving up inflation in the United States in May
.

2.
The International Monetary Fund (IMF) said on June 17 that the Brexit referendum held this week will increase the uncertainty of the British economy, leaving the EU will cause the UK to suffer huge economic losses, and its spillover effect will also affect the EU economy
.
IMF Managing Director Christine Lagarde also called on the UK to remain in the EU at a forum held in
Vienna on the 17th.
Lagarde said she respected the decision of British nationals, but that decisions needed to be based on facts
.
As a member of the EU, the UK's growing trade within the EU has brought more jobs and income
.

3.
China's economic data in May almost completely retreated, and the rapid growth in March and the smooth transition in April did not extend well in May
.
Analysts said that under the background of supply-side reform, the endogenous power of the economy is insufficient, and the implementation of policies is needed to maintain stability, and the probability of RRR reduction is gradually increasing
.
The added value of industries above designated size increased by 6% year-on-year in May, unchanged from market expectations and April
.

4.
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.