The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Germany asks EU to file WTO complaint against America
The European Union is expected to consider filing a complaint at the World Trade Organization against the United States of America as for planned duties on imports of steel plate from five EU member states, as the German foreign minister disclosed on Friday.
Sigmar Gabriel stressed that the American authorities seemed prepared to give US companies unfair competitive advantage over EU producers even although this violated international trade law.
The minister told that Europeans can’t stand it. The EU should examine whether it should file a complaint at the WTO and Germany will back it.
The US Department of Commerce found out that seven foreign producers dared to dump certain carbon as well as alloy steel cut-to-length plate in the America market, enabling it to impose duties varying from 3.62% to 148%, as Commerce Secretary Wilbur Ross told on Thursday.
In Germany, for AG der Dillinger Hüttenwerke duties were set at 5.38%, 22.90% for the Salzgitter group and also 21.03% for all other producers and exporters.
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 US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
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.