The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Hong Kong home prices ascend to fresh highs
In June, Hong Kong's red-hot home prices managed to extend their record-breaking run. However, the pace of surge slowed, thus underscoring the challenges the city's new leader experiences in taming prices in one of the most expensive property markets in the world.
In the ex-British colony, an apartment of less than 200 square feet costs $500,000, making the prospect of owning a home a chimerical dream for most residents.
In June, Hong Kong's home prices rallied 0.69% from May. That’s the smallest ascend since December 2016, according to data published by the Rating and Valuation Department on Monday. Evidently, from 2016 prices went up 21.6%.
The record prices emerged notwithstanding in May Hong Kong's Monetary Authority declared an eighth round of mortgage tightening measures to suppress sky-rocketing prices. Experts tell the given curbs could push more folks to non-bank lenders.
Carrie Lam, Hong Kong's new leader, has promised to drop home prices, which grew 9.3% from January to June in 2017.
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 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.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.