Introduction

Oil prices have risen after the world's two biggest exporters of the commodity made moves to cut production and exports. Saudi Arabia says it will extend its current output cut of a million barrels a day until August, while Russia says it will reduce its exports. weaker demand from China and Europe put pressure on factory activity. In the US we have American inflation with CPI and PPI, consumer credit, small business optimism and the Bank of Canada. In Europe it's the Sentex survey, German ZEW's UK Employment Sweden and Norwegian CPI. Then it's the latest from Asia with the RB&Z Bank of Korea meetings, China and India's CPI as well as global markets all to discuss.