EIA Crude Oil Stocks Change

Stocks of crude oil refer to the weekly change of the crude oil supply situation.

EIA Gasoline Stocks Change

Stocks of gasoline refers to the weekly change of the gasoline supply situation.

EIA Gasoline Production Change

EIA Heating Oil Stocks Change

EIA Refinery Crude Runs Change

Crude Runs refer to the volume of crude oil consumed by refineries.

EIA Distillate Stocks Change

EIA Cushing Crude Oil Stocks Change

Change in the number of barrels of crude oil held in storage at the Cushing, Oklahoma during the past week.

EIA Distillate Fuel Production Change

EIA Crude Oil Imports Change

Wholesale Inventories MoM

1.4%

The Wholesale Inventories are the stock of unsold goods held by wholesalers. Inventories are a key component of gross domestic product changes. A high inventory points to economic slowdown in the US, while a low reading points to a stronger growth.

BoE Pill Speech

In the United Kingdom, benchmark interest rate is set by the Monetary Policy Committee (MPC). The Bank of England official interest rate is the repo rate. This repo rate applies to open market operations of the Bank of England with a group of counterparties (banks, building societies, securities firms).

Interest Rate Decision

2%

In Romania, interest rates decisions are taken by the Board of the National Bank of Romania (Banca Nationala a Romaniei). The official interest rate is the Policy Rate.

Inflation Rate MoM

0.73%

Inflation Rate MoM measures month over month change in the price of goods and services.

Inflation Rate YoY

10.06%

In Brazil, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories of the index are: Transport (20 percent); Food and beverages (19 percent of the total weight) ; housing (15 percent); health care (13 percent); and personal expenses (11 percent). Also, Communication accounts for 4 percent; education for 6 percent; clothing for 5 percent; household goods for 4 percent. Data is collected in the Metropolitan Areas of São Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Belém, Fortaleza, Recife, Salvador and Curitiba and in the cities of Goiânia and Brasília.

Retail Sales YoY

-4.2%

In Brazil, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.

Inflation Rate MoM

0.36%

Inflation Rate MoM measures month over month change in the price of goods and services.

Inflation Rate YoY

7.36%

In Mexico, the most important categories in the CPI basket are Nonfood Goods (19.7 percent of the total weight); Housing (18.7 percent) and Other Services (18.4 percent). Food, Beverages and Tobacco account for 14.8 percent and Energy for 9.5 percent. Others include: Products subsidized by the government (5.3 percent); Education (5.1 percent); Meat and Eggs (4.8 percent) and Fruits and Vegetables (3.7 percent). The CPI index has a base of 100 as of December of 2010. The national index tracks 46 large, medium and small cities.

Core Inflation Rate MoM

0.8%

In Mexico, the core consumer price index tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.

Core Inflation Rate YoY

5.94%

In Mexico, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.

MBA 30-Year Mortgage Rate

MBA 30-Year Mortgage Rate is average 30-year fixed mortgage lending rate measured during the reported week and backed by the Mortgage Bankers Association.

MBA Mortgage Applications

In the US, the MBA Weekly Mortgage Application Survey is a comprehensive overview of the nationwide mortgage market and covers all types of mortgage originators, including commercial banks, thrift institutions and mortgage banking companies. The entire market is represented by the Market Index which covers all mortgage applications during the week, whether for a purchase or to refinance.

MBA Mortgage Market Index

The MBA Weekly Mortgage Application Survey is a comprehensive overview of the nationwide mortgage market and covers all types of mortgage originators, including commercial banks, thrift institutions and mortgage banking companies. The entire market is represented by the Market Index which covers all mortgage applications during the week. This includes all conventional and government applications, all fixed-rate mortgages (FRMs), all adjustable-rate mortgages (ARMs), whether for a purchase or to refinance.

MBA Mortgage Refinance Index

The MBA Weekly Mortgage Application Survey is a comprehensive overview of the nationwide mortgage market and covers all types of mortgage originators, including commercial banks, thrift institutions and mortgage banking companies. The entire market is represented by the Market Index which covers all mortgage applications during the week. This includes all conventional and government applications, all fixed-rate mortgages (FRMs), all adjustable-rate mortgages (ARMs), whether for a purchase or to refinance.

MBA Purchase Index

Balance of Trade

-2097000000

In 2017, the Portuguese trade deficit widened sharply by 23.4 percent from the previous year to EUR 13.8 billion, the largest trade gap since 2011. Imports rose by 12.5 percent, the most since 2010, while exports increased at a slower 10.1 percent, the biggest gain since 2011. The largest trade deficits were recorded with Spain, Germany, Italy, the Netherlands, Russia and China, while the biggest trade surpluses were recorded with the United States, the United Kingdom and France.

Unemployment Rate

6.1%

In Portugal, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

30-Year Bund Auction

0.28%

Balance of Trade

Trade is an integral part of the recent economic success of Cyprus, as the island nation falls short of being self-sufficient for food and fuel. As such, Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus. In the European Union, the UK and Greece account for the largest share of trade due to historical connections. Recent discoveries of offshore gas will likely diminish Cyprus' need for importing energy and lead to a shift in the composition of its exports.

Industrial Production MoM

1.9%

In Italy, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 88 percent of total production. The biggest segments within Manufacturing are: Metallurgy and fabricated metal products (14 percent of total production); machinery and equipment (12 percent); food, drink and tobacco (10 percent); rubber and plastics products and non-metallic mineral products (9 percent); textile, clothing and leather (8 percent); transport equipment (7 percent); and other manufacturing, repair and installation of machinery and equipment (7 percent). Electricity, gas, steam and air conditioning account for 10 percent of total output and Mining and quarrying account for 1 percent.

Industrial Production YoY

In Italy, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 88 percent of total production. The biggest segments within Manufacturing are: Metallurgy and fabricated metal products (14 percent of total production); machinery and equipment (12 percent); food, drink and tobacco (10 percent); rubber and plastics products and non-metallic mineral products (9 percent); textile, clothing and leather (8 percent); transport equipment (7 percent); and other manufacturing, repair and installation of machinery and equipment (7 percent). Electricity, gas, steam and air conditioning account for 10 percent of total output and Mining and quarrying account for 1 percent.

New Yuan Loans

1130000000000

In China, new yuan loans refer to financial institutions Renminbi credit funds balance sheet. They represent more than four-fifths of all loans.

Outstanding Loan Growth YoY

11.6%

In China, outstanding loan growth refers to year over year change in total amount of loans in domestic currency provided by the financial institutions. It includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans from trust companies and bond sales.

M2 Money Supply YoY

9%

China Money Supply M2 includes M1 plus short-term time deposits in banks.

Total Social Financing

2370000000000

In China, loans to private sector refer to total social financing, that is, the volume of financing provided by the financial system to the real economy (domestic non-financial enterprises and households) during a certain period of time. Total social financing is a broad measure of credit and liquidity in the economy as it includes off-balance sheet forms of financing such as initial public offerings, loans from trust companies and bond sales.

Balance of Trade

12000000000

Germany runs regular trade surpluses since 1952, primarily due to strong exports of vehicles and other machinery. In 2017, the largest trade surpluses were recorded with the US, the UK, France, Austria, Spain, Sweden and the UAE; while the biggest trade deficits were recorded with China, Vietnam, Norway, Russia, the Netherlands, Ireland and Czech Republic.

Imports MoM s.a

3.3%

Exports MoM s.a

1.7%

Balance of Trade s.a

10900000000

Current Account

18900000000

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Balance of Trade

-2159000000

Romania exports mostly machinery and transport equipment, raw materials, and miscellaneous manufactured articles like textiles and footwear. Romania imports machinery and transport equipment, raw materials, chemicals and fuels. More than 70% of exports and imports are with other European Union members with Italy, Germany and France being the most important.

Retail Sales YoY

10.8%

In Indonesia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.

Vehicle Sales YoY

-1.6%

In China, Total Vehicle Sales refers to the number of automobiles sold in a given month.

Machine Tool Orders YoY

40.5%

Machine Tool Orders measures the change in the total value of new orders placed with machine tool manufacturers.

Consumer Confidence

13.7

In Norway, the Finance Norway and TNS Gallup consumer confidence survey measures the level of optimism that consumers have about the performance of the economy. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend.

RBI Interest Rate Decision

4%

In India, interest rate decisions are taken by the Reserve Bank of India's Central Board of Directors. The official interest rate is the benchmark repurchase rate. In 2014, the primary objective of the RBI monetary policy became price stability, giving less importance to government's borrowing, the stability of the rupee exchange rate and the need to protect exports. In February 2015, the government and the central bank agreed to set a consumer inflation target of 4 percent, with a band of plus or minus 2 percentage points, from the financial year ending in March 2017.

Cash Reserve Ratio

4%

Cash Reserve Ratio is a specified minimum fraction of the total deposits of customers, which commercial banks have to hold as reserves either in cash or as deposits with the central bank.

Reverse Repo Rate

3.35%

Reverse Repo Rate In India is the fixed interest rate – currently 50 bps below the repo rate – at which the Central Bank absorbs liquidity, on an overnight basis, from banks against the collateral of eligible government securities under the liquidity adjustment facility.

BoJ Nakamura Spech

In Japan, interest rates are set by the Bank of Japan's Policy Board in its Monetary Policy Meetings. The BoJ's official interest rate is the discount rate. Monetary Policy Meetings produce a guideline for money market operations in inter-meeting periods and this guideline is written in terms of a target for the uncollateralized overnight call rate.

NAB Business Confidence

The NAB monthly survey of business confidence is based on a telephone survey of around 600 small, medium and large size non-agricultural companies. The Survey measures the expectations of business conditions for the upcoming month and is a simple average of trading, profitability and employment indices, reported by respondents for their company. The indices are calculated by taking the difference between the percentage of respondents nominating good or very good, or a rise and those nominating poor or very poor, or a fall.

API Crude Oil Stock Change

Stocks of crude oil refer to the weekly change of the crude oil supply situation.

3-Year Note Auction

Quarterly Report on Household Debt and Credit Q4

In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.