The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Japanese first quarter GDP is caught revised up on soaring capital expenditure
Japan's economy was supposed to have expanded more rapidly during the first quarter than initially assessed, buoyed by revenues in corporate capital spending, as a Reuters survey disclosed on Friday.
During the first quarter economic surge was seen at an annualized 2.4%, revised up from a preliminary forecast of 2.2%, as the median prediction of up to 18 experts demonstrated.
It translates into 0.6% surge from last quarter, moderately up from the 0.5% profit observed in preliminary data.
The survey discovered that capital spending was about to ascend 0.5% during the first quarter, soaring from a preliminary evaluation of 0.2%.
The revised data’s supposed to affirm an export-led revival in Japan underpinned by a pickup in the global economy, though households is still cautious over spending, considering sluggish wage surge.
Financial experts expect the Japanese economy to keep ascending in the current quarter due to sturdy offshore demand, though risks from some Trump administration policies and also in the Chinese economy are still actual.
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.
On April 22, 2022, from 10:15 to 11:00 MT time, the Markit will release German and French flash services and manufacturing PMI.
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.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.