How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Steel and stimulus power China's strongest economic surge since 2015
During the first quarter China's economy expanded faster than expected as higher government infrastructure spending as well as a gravity-defying property boom helped to spur industrial output by the most for over two years.
Surge of 6.9% turned to be the fastest in six quarters, with positive retail sales and exports and forecast-beating March investment - all suggesting that the Chinese economy is capable of carrying solid momentum into spring.
However, most experts tell that the first quarter might be as good as it gets for China in 2017, and they worry that Beijing is still mostly relying on stimulus as well as “old economy" surge drivers, mostly the steel industry and a property market, demonstrating signs of overheating.
The Chinese government is used to relying on infrastructure development for the purpose of sustaining growth in the long term. That’s what financial experts at ANZ told in a note.
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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.
