The US PPI will come out on Thursday, May 12, at 15:30 MT time.
June China car sales rebound amid price cuts
In June, China's car sales rebounded because the country's top industry association reported, shaking off weakness observed for the last two months because car producers grappled with a rollback in tax incentives, which drove strong surge the previous year.
In June, total vehicle sales reached up to 2.17 million, edging up 4.5% from last year, while sales for the first half of 2017, added 3.8%, hitting 13.4 million car, as the China Association of Automobile Manufacturers informed on Tuesday.
The soar in sales that industry insiders told was backed by hefty discounting, actually lends a sheen to the world's number one car market, though surge is struggling to keep pace with last year, when the market soared at its fastest pace for three years.
Overall car demand in China would probably surge 1-4% in 2017, mostly because consumers made purchases the previous year to derive benefits from lower tax rates.
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.