The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China's home price surge stabilizes in September
In September, China's new home prices demonstrated a second straight month of poor surge, with prices in the biggest markets going down and revenues in smaller cities tumbling because government measures to tame a long property boom took hold.
China's housing market has faced a near two-year tear, thus giving the national economy a key boost, although driving fears of a property bubble even as the Chinese government works to reduce risks from a fast build-up in debt.
While monthly price leaps peaked in September last year at about 2.1% across the country, they have softened just begrudgingly since that time, regaining momentum because buyers managed to shrug off every new wave of government measures to tame speculation.
Market experts tell that more tightening could still be applied to lower-tier cities with fast price ascends because critics argue that China's ever-soaring administrative control over its property market has already reaffirmed traders’ views that prices are going to stand still.
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.