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.
Sanctions bring more local goods to North Korean stores
From carrot-flavored toothpaste as well as charcoal facemasks to solar panels and motor bikes – that’s what tourists are seeing in North Korean stores. These local made goods gradually supplant Chinese imports.
As Donald Trump administration considers tougher economic sanctions to push North Korea toward canceling its weapons programs, the most isolated country’s actually pursuing a dual strategy of developing both its economy and military.
In North Korea most consumer products still come from China. However, under Kim Jong Un, there has been an attempt to offer North Korean customers more domestically made goods, in order to avert any outflow of the national currency and also to underpin the country’s ideology of self-reliance known as “juche,” as market analysts say.
However, there’s no currently available data to demonstrate how much is being manufactured domestically. Evidently, export data from such countries as Malaysia and China, selling consumer goods to this isolated country, might not be an accurate reflection.
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 ECB will publish the Monetary Policy statement on Thursday, April 14, at 14:45 MT (GMT+3).
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.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).