How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Industry keeps powering German surge
Surge in Germany, the EU’s number one economy, managed to hold up at a high level during the third quarter, powered by firm industrial orders even as construction activity stabilized and private consumption went down, as the Bundesbank reported in a monthly report.
Industry, underpinned by firm export demand, will probably to retain its role as a major pillar of a strengthening economy, as he key bank told on Monday. The financial institution added that the order situation of industrial companies turns to be perfect.
Germany, which boasts the lowest jobless rate in the euro zone, has greatly progressed in 2017, raising confidence across the EU and giving the ECB the biggest reason to tame extraordinary stimulus.
In the quarter car manufacturing happens to have overleapt a rough patch, and orders, especially from outside the euro zone, were good, as the report revealed.
On the other hand, construction most likely didn’t contribute to overall surge, maintaining a high level of output, while mediocre retail sales hint that consumption probably slumped.
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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.
