The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China lifts market rates to tame financial risks
On Thursday, China's major bank had money market rates lifted because the government sought to diminish financial risks without affecting the national economy, as activity was still broadly firm.
For the last months the world's number two economy has started cooling amid a government crackdown on high-risk lending as well as polluting factories, not to mention the move by the country’s major bank - coming hours after an expected Fed rate lift – indicated that the Chinese authorities will keep policy tighter in 2018.
A bunch of reports on the day highlighted the economic influence of government efforts to wean the Asian country off its years of a strong addiction to debt, with investment, industrial output and property market all supporting evidence of a moderation in momentum.
Market experts told that the PBOC rate lifts, widely considered to be a backdoor approach neutralizing the necessity to lift benchmark policy rates, won’t impede activity, although they pointed to the government’s commitment to keep curbing leverage.
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 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.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.