The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Premier Li Keqiang: China requires eliminating barriers to investment
China is bound to remove barriers to foreign investment and generate jobs just to bolster surge in the country, the world's number two economy, as Premier Li Keqiang told.
This week, China’s authorities relaxed curbs on foreign investment, excluding up to 30 entries from a list to ensure more access into its services, mining and manufacturing sectors. Meanwhile, up to 63 items remained restricted to foreign investment.
Li stressed that this year the country’s foreign investment has faced negative surge, so it’s something the government should closely monitor. Eliminating barriers to investment and spurring the confidence of both foreign and domestic investors – that’s what the Chinese government is expected to do without delay.
It takes much time for foreign companies to register. Moreover, the time taken for goods to pass through customs turns to be much slower than it should be according to global standards, as the statesman emphasized.
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.
On April 22, 2022, from 10:15 to 11:00 MT time, the Markit will release German and French flash services and manufacturing PMI.
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.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.