How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Property market brakes price records for 13th straight month in Hong Kong
In November, in Hong Kong, private home prices managed to break historic records for the 13th straight month, with the ascent demonstrating no immediate indications of ending and experts expecting the surge to continue into 2018.
In November, private home prices tacked on by 1.08%, thus marking the fastest tempo of surge for six months. The index that started its ascend in April last year, rallied 13.1% year-on-year.
Hong Kong’s flats are considered to be the second most expensive around the globe after Monaco. As follows from a report unveiled by property consultancy Knight Frank, in Hong Kong US$1 million would only purchase 200 square feet of prime property, versus 270 square feet in New York and 320 in London.
Carrie Lam, Hong Kong leader Carrie Lam told during an interview that the government is unable to suppress property prices. However, she added she would try to spur supply.
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Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Will oil change the trend after OPEC meetings?
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.
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.
