The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China's July fiscal spending tempo slows, but profits add
In July, China's fiscal spending tacked on at a slower pace mostly because of larger expenditure earlier, although a government-led infrastructure push has maintained spending brisk in 2017.
In July, fiscal spending inched up 5.4% from 2016, while revenue leapt 11.1%, as the Ministry of Finance informed on Friday.
July's surge rate sank abruptly from June’s outcome of 19.1%, although revenue surge jumped from 8.9% in that month, as the ministry told.
The authorities associated the dip in July spending mostly with considerable expenditure earlier.
For the first seven months of 2017 government spending jumped 14.5% on year, while profits headed north 10%.
Government-led stimulus has appeared to be a key driver of economic surge for the last years in the world's number two economy. However, the pump-priming has been unrolling in tandem with runaway credit surge and generated a mountain of debt.
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.