
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The previous month surge in euro zone corporate lending managed to pick up, as the European Central Bank informed on Thursday. It unveiled it just hours before revealing whether it would reduce monetary stimulus from 2018 or not.
In September, lending surge to businesses, a major plank in euro zone's economic recovery, rallied to 2.5% from August’s outcome of 2.4%, while household lending didn’t change, sticking to 2.7, as the ECB told.
However, lending demonstrated its best performance since global financial downtime - it stood below its pre-crisis mark because financial institutions, under pressure to improve their balance sheets, were still reluctant to lend the EU’s real economy.
The annual surge rate of the M3 measure of money supply, considered by some to be a precursor of economic activity, climbed up from 5.0 to 5.1% the previous month, thus confounding expectations for 5.0%.
On Thursday, the ECB is supposed to announce that it’s going to reduce asset purchases from 2018.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
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.
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