Key Macroeconomic Indicators for Base Metal Prices (2015-10-19)

SHANGHAI, Oct. 19 (SMM) – The market is unlikely to be overt pessimistic despite China’s poor Q3 GDP growth. Whether European Central Bank will accelerate quantitative easing will be the focus of markets. Base metals prices should fall initially than stabilize this week.

China’s fixed asset investment in September is expected to rise 10.7% YoY. Property in China’s first-tier cities appeared to have shown some improvement, though that in the second and third-tier cities is still languishing.

US housing starts numbers are expected to stay high at 1.15 million units this week. Home sales are expected to fall slightly.