The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Friday News: What’s News on Market
Russia’s invasion to Ukraine not only provoked a global upcoming crisis, but also led to world’s leaders unusual ideas and solutions.
The yen could weaken further to its 1990 low, according to Societe Generale SA strategist Albert Edwards. Now USDJPY is approximately $121.780.
The S&P 500, Dow Jones and Nasdaq closed Thursday's regular session up more than 1%. Contracts for the S&P 500 held on to a flat line. Despite some losses earlier this week, the S&P 500 and Nasdaq are up for the second week in a row if levels hold until Friday's close.
Federal Reserve has stepped up talk of tightening monetary policy. Now Chicago Fed President Charles Evans and San Francisco Fed President Mary Daly are considering raising interest rates by 50 basis points at the upcoming Fed meeting due to the highest inflation level in 40 years.
Oil prices have stabilized after EU leaders refrained from new steps to reduce imports of Russian oil. XBR is $115.80 now.
Gold price rose to $1962.4 yesterday, approaching more than a weekly high in the previous session and gaining almost 2% in the week to date. Now it is about $1958.50 per ounce.
Russia is considering selling its oil and gas for crypto due to increased sanctions from the West. Thanks to that, Bitcoin has gained 4% since yesterday, it’s approximately $44071.
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.