The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China exports surge demonstrates eight-month maximum
In November, China's exports and imports suddenly speeded up in rather an upbeat sign for the world's number two economy, although experts expect surge to keep cooling amid a government crackdown on financial risks as well as polluting factories.
As global demand has shocked by its strength, customers have lapped up Chinese goods at a fast rate in 2017, giving the Chinese economy a push and providing policy makers with enough room to tighten rules to tame high-risk lending.
In November, exports rallied 12.3% year-on-year, which is the fastest tempo for eight months, driven by firm sales of electronics as well as high-tech goods. Meanwhile, commodity purchases helped to raise imports.
The given number confounded experts’ estimate of a 5% leap.
Tighter rules to tame risks from a fast build-up in debt and reduce pollution have put pressure on the country’s overall activity since the third quarter.
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.