
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China posted better-than-expected trade data for June, thus suggesting the country’s economy is holding up well due to firmer global demand notwithstanding a struggling property market at home amid a financial crackdown, which has applied pressure to firms.
China's June exports tacked on 11.3% from last year, while imports surged 17.2%, both beating experts' expectations, as Thursday’s data revealed.
It left China with a trade surplus of about $42.77 billion for the month, as the General Administration of Customs reported.
Experts surveyed by Reuters had hoped for June shipments from the world's leading exporter to have ascended 8.7%, which is in line with the annual surge figure in May.
Imports were predicted to have soared 13.1%, easing from the suddenly strong 14.8% leap in May.
Experts were actually expecting China's trade surplus to have extended to approximately $42.44 billion in June from May's outcome of $40.81 billion.
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 US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
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.
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