How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Japan's economy is expected to demonstrate seven straight surge quarters
In July-September the Japanese economy was expected to have surged for a seventh straight quarter. Such a period of unbroken expansion was last observed between 1999 and 2001, according to a Reuters survey found on Friday.
In the third quarter the country’s GDP is supposed to have ascended at an annualized rate of about 1.3%, as the survey of 20 market experts revealed.
The given outcome would mark a seventh straight surge quarter, which appears to be the longest period of growth since an eight-quarter marathon from April-June 1999 to January-March 2001.
Quarter-on-quarter surge of 0.3% is expected after an updated 0.6% soar in the second quarter.
Consumer spending was caught stalling in July-September, although export surge backed firm economic expansion, as experts explained.
The survey also discovered that private consumption, accounting for approximately 60% of GDP, went down 0.4% in the third quarter, which is the first dip for seven quarters.
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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.
