The US PPI will come out on Thursday, May 12, at 15:30 MT time.
South Korea dislikes China's response to anti-missile system
On Monday, South Korea's trade minister told that Seoul had complained to the World Trade Organization about China's recent retaliation against South Korean companies over the deployment of an American anti-missile defense system in the South.
The South Korean government notified the WTO that China might be in violation of certain trade agreements.
The issue was actually raised with the WTO's Council for Trade in Services on Friday right after China dared to impose restrictions on a series of South Korean companies in the tourism as well as distribution sectors.
A trade ministry official, who asked not to be identified due to the sensitivity of the matter, told that the complaint couldn’t be categorized as legal action. It was rather a request for the World Trade Organization to look into whether China was upholding trade agreements fairly enough or not.
Meanwhile, in Beijing, Hua Chunying, Chinese Foreign Ministry spokeswoman refused to comment directly on the WTO complaint.
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 US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.