How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Hong Kong's economy slows in the third quarter
In the third quarter Hong Kong's trade-reliant economy demonstrated slower surge, although strong consumption as well as rebounding exports led the authorities to nudge up its surge outlook for 2017.
Underpinned by ascending retail sales, a recover in mainland tourist arrivals and also firm global trade, the city’s economy rallied a seasonally-adjusted 0.5% for the third quarter versus upwardly updated 1.1% surge previously.
From 2016 the city’s economy managed to expand 3.6% for the third quarter versus revised 3.9% ascend in the second quarter. Market experts had predicted an expansion of 3.5%.
The still-solid momentum puts the ex-UK colony strongly on track to meet the government's updated full-year estimate of 3.7% surge for this year. It’s because buoyant stock as well as property markets assisted in driving consumer spending.
In October, market experts had hoped for a full-year surge of about 3-4%.
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Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Will oil change the trend after OPEC meetings?
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.
Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
