
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Mexico's leading companies are on the verge of reducing their investment in 2017 because of uncertainty as for the future of trade relations with the USA under the Trump administration, as a leading business association informed on Thursday.
A group including the 50 biggest companies from various sectors of the Mexican economy, the Consejo Mexicano de Negocios told that it would inject up to $31.43 billion in 2017, a sag of 6.2% from the $33.5 billion announced for the previous year.
Donald Trump has already threatened to have the North American Free Trade Agreement dumped if he fails to renegotiate it in favor of the USA, thus casting a pall of doubt over the accord, underpinning much of Mexico's commerce.
The given uncertainty provoked volatility in the peso currency, making some traders cautious.
Rattled by concerns over Trump, Mexico’s currency reached a record minimum versus the greenback in January.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
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 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.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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