The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Equity exposure is trimmed by China’s funds amid tighter regulation
In China, fund managers have already trimmed the suggested equity exposure for the next three months to the lowest value in 6 months. It’s because of surging risk appetite amid tightening government regulations to tame speculation.
This week, China's government held the 40th study gathering on national financial stability and security this week. Xi Jinping, the country’s president delivered a speech on financial stability. It undoubtedly sends a crucial signal to back the ongoing tightening of financial regulation as well as enforcement, as some financial experts state.
The equity allocations were reduced to 76.3% by the fund managers, down from 79.4% a month earlier, according to a survey of eight China-based fund managers.
By the way, the fund managers have increased the suggested bond allocations for the upcoming three months to about 11.3% from the previous month’s 7.5%.
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.