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 export surge indicates economic recovery will continue in the fourth quarter
In October, Japan's export surge was steady, hinting that brisk global demand for Japanese cars as well as electronics will probably carry its economic revival into the current quarter.
On Monday, Ministry of Finance data revealed that in October exports inched up 14% year-on-year, led by shipments of vehicles to Australia and also liquid-crystal device production equipment along with raw materials for plastics to China.
It compares with a 15.8% annual revenue expected by market experts following a 14.1% soar in September.
The trade figures followed data, which showed the previous week that Japan's economy extended at an annualized rate of about 1.4% during the third quarter, powered by firm external demand.
Market experts expect exports to keep driving surge in October-December because China will most likely stay away from a steep slowdown due to infrastructure investment, and also due to the fact progress on tax cuts improved prospects for the US.
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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.
