The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Ascend in China's services sector declines in July
In July, China's services sector expanded at a moderately slower pace because new business surge eased, as a private business survey revealed on Thursday, paying attention to potential softening in a major part of the world's number two economy.
The findings happened to be in line with Monday’s official estimate of the non-manufacturing sector that also showed that surge in the services sector decreased, contributing to views that the Chinese economy could slow moderately in the nearer months after a strong start to the year.
In July, the Caixin/Markit services purchasing managers' index went down to 51.5 from June’s reading of 51.6.
While the sag was marginal, the outcome matched April’s level that appeared to be the lowest result since May 2016.
New business kept expanding at a decent clip, although at a modestly slower tempo. The rate of surge in new work inched down to a 16-month minimum.
As for employment in the services industry, it improved moderately because companies kept adding employees notwithstanding a slower pace.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.