How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
European car sales inch up 7.7% in May
In May, European car sales went up 7.7% from the same month last year, as industry data revealed on Friday, getting back to surge after a sag in April and with almost all car manufacturers recording sales leaps.
The previous month new passenger car registrations in the EU as well as European Free Trade Association soared to 1.43 million cars, as the Brussels-based Association of European Carmakers informed.
The given outcome is close to May 2007 level, before the economic meltdown hit the car industry.
European car sales got back to annual surge in 2014 after a six-year tumble during which registrations declined to their lowest value in decades. Apparently, demand has been ascending most months as an improvement in retail incentives, consumer confidence and new product launches lured clients back to the showrooms.
The May soar emerged after registrations had slumped last month, considering fewer trading days around Easter and a double-digit sales dip in the UK.
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The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Will oil change the trend after OPEC meetings?
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.
Latest news
The Big Release for the USD
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
Will New Zealand’s Central Bank Boost the NZD?
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.
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
