Look out for inflation readings from the U.S. and China | Imports, Jobless Claims, Inflation;
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Economists are forecasting a narrower trade gap in April, though the overall figure.
- China’s imports are expected to surge in May due to rising commodity prices and the low base from a year earlier, according to 16 economists polled by The Wall Street Journal.
- The country’s imports are forecast to grow 53% from one year ago. Outbound shipments, a key engine of growth for China’s economy, are expected to rise 32.3%. The country’s trade surplus is expected to touch $47.9 billion compared with $42.9 billion in April.
SOURCE – WSJ
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