The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Japan September export surge slows modestly
In September, Japan's export surge slowed for the first time in three months, as official data reported on Thursday. It’s an evident sign that overseas demand for Japanese goods might be taking a breather.
The 14.1% year-on-year soar in exports turned to be less than the median forecast for a 14.9% surge and also less than August’s 18.1% leap that was the fastest surge for nearly four years.
Market experts actually expect Japan's exports to start ascending at a faster tempo because demand for Japanese goods picks up on the way to the year-end shopping season. Another reason is that a dipping yen enhances export competitiveness that should back economic surge.
Some experts state that the given slowdown in export surge is temporary. According to data measuring manufacturing activity in overseas economies, the world’s number three economy happens to be in the middle of an expansionary stage. Exports are going to keep backing the country’s economy, as financial analysts hope.
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 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.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.