How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
British manufacturing PMI sinks less than expected
In May, manufacturing activity in the United Kingdom tumbled less than expected, easing worries over the UK economy, as industry data revealed on Thursday.
As market research group Markit told, UK manufacturing PMI went down to a seasonally adjusted 56.7 the previous month from an outcome of 57.3 in April.
Market experts had expected the PMI to head south to 56.5.
On the index, an outcome above 50.0 points to industry expansion, while below hints at contraction.
Markit actually considered the headline outcome to be a sort of indication of marked ascend and also stressed that output and new order soar was still solid, while the rate of job creations kept to a 35-month peak.
Meanwhile, European stock markets demonstrated higher results. For instance, London’s key benchmark FTSE 100 inched up 0.36%, the Euro Stoxx 50 grew 0.27%, France's CAC 40 tacked on 0.72%, while Germany's DAX gained 0.42%.
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What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
