The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Japanese factory output rebounds in October
Japanese factory output is supposed to have rebounded in October. During the same period consumer inflation managed to grow. That’s what market participants learnt from a Reuters survey on Friday. It definitely provided positive signs for the Japanese economy in the beginning of the fourth quarter.
Industrial output tacked on 1.9% versus September’s dip of 1%, according to the median estimate of 19 market experts.
With exports obtaining a boost from firm global demand, industrial output will probably keep recovering, as financial analysts stress.
Additionally, in October, the core consumer price index, excluding the volatile prices of fresh food, but including energy costs, ascended 0.8% year-on-year, versus September’s 0.7% rally, as the survey unveiled.
It would mark the 10th straight month of surge in the government's major gauge of inflation, although it’s still at less than half of the BOJ’s 2% objective.
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.