Weekly Market Outlook (13-17 May) ...Middle East

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UPCOMING EVENTS:Monday: New Zealand Services PMI.Tuesday: Japan PPI, UK Labour Market Report, Eurozone ZEW, US NFIB Small Business Optimism Index, US PPI, Fed Chair Powell speech.Wednesday: Australia Wage Price Index, Eurozone Industrial Production, US CPI, US Retail Sales, US NAHB Housing Market Index, PBoC MLF.Thursday: Japan GDP, Australia Labour Market Report, US Housing Starts and Building Permits, US Jobless Claims, US Industrial Production.Friday: New Zealand PPI, China Industrial Production and Retail Sales, Fed’s Waller speech. TuesdayThe UK Unemployment Rate is expected to tick higher to 4.3% vs. 4.2% prior with Average Hourly Earnings

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