The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China might publish rules on outbound investment in 2017
This year China might issue rules on outbound investment by Chinese companies, which would spell out the sectors, where investing is encouraged and those where it’s restricted, as state media informed on Tuesday.
Recently, Chinese regulators have clamped down on outbound deals as part of efforts aimed at stemming surging capital outflows, which have contributed to China’s weakening currency.
Chinese Commerce Minister Zhong Shan disclosed that a small number of Chinese firms had invested overseas irrationally and blindly in investments China never encourages.
The state foreign exchange regulator has told that the government will more closely assess irrational investment in entertainment, property, sports as well as other sectors.
Efforts to contain outbound investment happen to be having a considerable effect. Apparently, non-financial outbound investment edged down 52.8% in January-February from the same period the previous year.
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 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.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.