The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Draft guidelines on overseas investment are issued by China
On Friday, China's state planner released draft guidelines for the country’s companies investing overseas. The guidelines streamlined approval processes for deals, simultaneously increasing oversight for projects in sensitive countries and sectors, as the government told.
After years of rapid surge, the Asian country’s outbound investment has gone down so far this year because authorities crack down on so-called "irrational" overseas deals actually suspected of being employed to bypass capital controls and also move money offshore, thus putting pressure on the Yuan.
The draft regulations, issued just to solicit feedback until December 3, are expected to drastically improve oversight, enhance national security and step up support, as follows from the website of the National Development and Reform Commission.
A bunch of administrative hurdles, including a rule urging Chinese companies pumping more than $300 million overseas to get approval from the state planner would be removed or at least reduced under the new regulations.
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.