How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Foxconn is visited by Chinese Premier Li Keqiang after CEO goes to White House
China happens to be the best place to expand investment and manufacturing, the country's premier informed Foxconn, the world's number one contract electronics maker, just less than two weeks after Terry Gou, its chief executive came to the White House to talk about increasing investment in the USA.
Li Keqiang added the Chinese authorities are going to keep expanding our development, and optimizing the business environment. China boasts a huge market and myriads of talent, and turns to be the best investment place to expanding manufacturing. That’s what Li Keqiang disclosed on the State Council's official website.
The images pictured Li escorted by Gou around the facilities. According to the State Council statement Li encouraged Gou to keep injecting money in the country’s high-end research and development.
Notwithstanding the recent rapprochement between China President Xi Jinping and Donald Trump as for North Korea issues, China still appears to be a strong competitor to the US under Trump's "America first" agenda.
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Will CPI push USD higher?
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
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.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
