The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Hong Kong's economy is on track to report firm third-quarter surge
Hong Kong's economy is supposed to have clocked firm surge in the third quarter, underpinned by ascending retail sales, a leap in tourists from mainland China as well as sturdy global trade.
The ex-UK colony has demonstrated brighter economic data for the last few months because buoyant stock as well as property markets helped to spur consumer spending, assisting the government to lift its full-year surge outlook to about 3-4%.
The city’s economy is supposed to have grown 3.5% during the third quarter from 2016, versus 3.8% in the previous quarter, according to the median estimate of five experts polled by Reuters.
One expert with a quarter-on-quarter estimate actually expects the city’s economy to have ascended a seasonally-adjusted 0.6% during the third quarter versus 1% surge in the April-June quarter.
In general, Asian economies highly dependent on trade have managed to derive huge benefits in 2017 from an improvement in demand worldwide.
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.