The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Euro zone corporate lending surge reaches post-crisis peak
In April, surge in bank loans to euro zone companies demonstrated a fresh post-crisis peak, high, even as a major money supply indicator that often predicts future economic activity, dived more than expected, according to Monday’s fresh data from the ECB.
In April, corporate lending in the 19-country currency bloc tacked on by 2.4%, which is above last month’s 2.3%, while being the highest rate since mid-2009.
While this tempo of surge turned to be less than half of the pre-crisis level, experts still suggest that the ECB's cheap cash was moving to the real economy, even if slower than the EU’s major financial institution previously expected.
Meanwhile, lending to households inched up by 2.4% in April, which is the same level as a month earlier, when it reached its highest value since early 2009.
The annual surge rate of the M3 measure of money, which circulates in the euro zone that often predicted economic activity in the past, demonstrated 4.9% the previous month, compared to 5.3% in March.
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.