The US PPI will come out on Thursday, May 12, at 15:30 MT time.
ECB slow tapering is underpinned by soft German inflation
In October, German annual inflation slowed and stood below the ECB’s objective, as data disclosed on Monday, giving support to the bank's initiative to slowly withdraw monetary stimulus.
Consumer prices, stabilized compared to other European countries, rallied by 1.5% on the year after September’s lift of 1.8%, as the Federal Statistics Office informed. Prices slumped by 0.1% on the month.
Both figures managed to undershoot expectations. As a matter of fact, a Reuters survey had pointed to a jump of 1.7% on the year as well as an ascend of 0.1% on the month.
The previous week the ECB told that it would have its bond purchases reduced in half from January, although decided to extend the program until the end of September, pledged to bring years of stimulus and also welcomed backtracking, pointing to muted price pressures.
As a breakdown of non-harmonized German data unveiled, only food inflation had edged up from September.
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.