CITIC Securities: If the Federal Reserve cuts interest rates by 50BP in September, it may trigger a wave of risk asset selling

Odaily Planet Daily News: Zhang Weixin, a futures analyst at CITIC Securities, said that if the Federal Reserve chooses to cut interest rates by 25BP in September, it is more considered a precautionary cut and is positive for copper prices. If the Federal Reserve cuts interest rates by 50BP in September, it may trigger a wave of selling off risk assets. If the Federal Reserve does not cut interest rates in September, on the one hand, expectations will fall and lead to selling pressure, and on the other hand, high interest rates will increase uncertainty for the economy, which is a definite negative for copper prices. In the future, copper prices will show a weak and fluctuating trend. Our view on copper prices is cautious, mainly due to a pessimistic outlook on the global economy. In the two areas with the fastest growth in copper demand, the growth rate of new energy vehicles and electricity investment is facing a slowdown, while copper supply has encountered many disturbances this year. If there is some improvement next year, the supply-demand relationship will further weaken. "(Futures Daily)