The US PPI will come out on Thursday, May 12, at 15:30 MT time.
French service sector increases hiring as activity surges
In November, surge in France's booming service sector managed to surpass preliminary estimates because firm demand led companies to increase hiring to the fastest pace for 16 years, as a monthly poll unveiled on Tuesday.
Data compiler IHS Markit told that its purchasing managers' index for services edged up to 60.4 from October’s outcome of 57.3, which is the highest outcome since May 2011.
The outcome turned to be better than a preliminary result of 60.2 and pushed the index further away from the 50-point mark, which divides expansions in activity from contractions.
The French service sector seems to be closing out this year on a firmly upbeat footing, with both business activity as well as new orders reaching six-and-a-half year maximums in November.
IHS Markit's composite PMI index, including the services and manufacturing data, tacked on to 60.3 from October’s reading of 57.4, thus topping a preliminary estimate of 60.1.
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.