The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Crackdown on financial crime will be stepped up by Chinese police
Chinese police is on the verge of intensifying a crackdown on financial crime for the purpose of safeguarding national security and fending off financial risks. That’s what the public security ministry informed on Tuesday.
The ministry has already launched a series of targeted actions just to clamp down on pyramid schemes, illegal fundraising, fake currencies, financial frauds, underground banks as well as bank card crimes.
The crackdown has emerged at a time when the Chinese government is paying much attention to tightening regulation and also suppressing risky as well as illicit practices in the financial sector. It’s because China's major financial institution warned of "complex, hidden, contagious, hazardous and sudden" latent risks, which keep accumulating in the system.
The ministry told it’s going to closely watch crimes, which involve the online finance industry, securities, illegal fundraising, futures markets and banks.
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.