
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
In June, euro zone inflation went down, following more moderate energy price leaps, but the slowdown appeared to be less than expected by financial markets and the core measure of price surge the ECB keenly watches inched up more than expected.
According to the European Union's statistics office Eurostat, consumer prices in the 19 countries, sharing the common currency, tacked on 1.3% year-on-year in June, sliding from 1.4% in May and also 1.9% in April.
However, economists surveyed by Reuters had expected a much steeper sag to 1.2%. Additionally, they also expected inflation excluding energy and unprocessed food at 1%, the same outcome as in May.
In reality, in June core inflation surged to 1.2%, according to Eurostat data.
Meanwhile, the ECB is eager to keep headline inflation below, although close to 2% target over the medium term. Moreover, the EU’s key bank has been purchasing billions of euros worth of government bonds on the secondary market for the purpose of injecting cash into the economy and spurring faster surge.
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 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.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
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