The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Chinese economy cools as government extends crackdown on factory pollution and debt risks
The previous month China's economy cooled further, with fixed asset investment, industrial output as well as retail sales missing hopes because the Chinese government extended a crackdown on debt risks and also factory pollution.
Beijing is currently in the second year of a campaign to diminish high levels of debt. The country’s government worries that riskier lending practices in particular in the real estate sector could endanger the national economy.
Tuesday’s data drew attention to moderating surge over the next few quarters because credit expansion definitely slows, with year-on-year industrial output leap of 6.2% in October missing experts’ estimates of a 6.3% soar, and below September’s 6.6% ascend.
In the January-October period fixed-asset investment surge slowed to 7.3%, as the National Bureau of Statistics informed. Market experts had expected a leap of 7.4%.
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.