The US PPI will come out on Thursday, May 12, at 15:30 MT time.
PBOC will inject 80 billion Yuan via reverse repos
On Tuesday, China's major financial institution is on the verge of injecting 80 billion Yuan into money markets, as some sources familiar with the situation revealed to reporters.
The People's Bank of China is pumping up to 50 billion Yuan via seven-day reverse bond repurchase agreements. About 20 billion Yuan will be injected through 14-day reverse repos, while an extra 10 billion Yuan will be pumped via 28-day reverse repos, as sources disclosed.
The previous week, China’s major bank drained a net 120 billion yuan from the money market.
During early trade on Tuesday, the volume weighted average of the seven-day repo rate reached 2.45%, sliding 46.96 basis points from last closing average rate.
The major bank increased the rate on open market operation reverse repos for seven-day. The same applies to 14-day and also 28-day tenors last week. The move brought them to respectively 2.45%, 2.60% and 2.75%.
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.