The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Japan's October machinery orders tack on
In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion.
A volatile data series considered to be an indicator of capital spending in the nearer six to nine months, core machinery orders edged up 5% in October versus last month, as the Cabinet Office told on Wednesday.
The leap in core orders, excluding those of ships as well as power generation equipment, surpassed experts’ median estimate of a 3% soar. In September, orders went down 8.1%, which is the steepest dive for more than two years.
Capital spending, including investment in equipment and factories, turned to be a crucial contributor to the Japanese economy's seventh straight quarter of surge in the July-September period. It has become the longest marathon on record in data since 1994, compensating a rare decline in consumer spending.
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 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.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.