52-Week Bill Auction

42-Day Bill Auction

5.28%

Fed Chair Powell Speech

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.

ECB Schnabel Speech

In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate.

Fed Cook Speech

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.

Balance of Trade

7650000000

Russia has been running regular trade surpluses since 1998 primarily due to high exports of commodities like crude oil and natural gas. The biggest trade surpluses were recorded with: Netherlands, Turkey, Italy and Japan. The biggest trade deficits were recorded with: China, the United States and France.

Redbook YoY

The Johnson Redbook Index is a sales-weighted of year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9,000 stores. Same-store sales are sales in stores continuously open for 12 months or longer. By dollar value, the Index represents over 80% of the equivalent 'official' retail sales series collected and published by the US Department of Commerce. Redbook compiles the Index by collecting and interpreting performance estimates from retailers. The Index and its sub-groups are sales-weighted aggregates of these estimates. Weeks are retail weeks (Sunday to Saturday), and equally weighted within the month.

Wholesale Sales MoM Final

0%

The Monthly Wholesale Trade Survey presents estimates of monthly sales for wholesale merchants in Canada, providing information on the performance of the wholesale trade sector as an important indicator of the health of the Canadian economy. In addition, the business community uses the data to analyse market performance.

PPI YoY

2.1%

In the United States, the Producer Price Index for final demand measures price change for commodities sold for personal consumption, capital investment, government, and export. It is composed of six main price indexes: final demand goods (33 percent of the total weight), which includes food and energy; final demand trade services (20 percent); final demand transportation and warehousing services (4 percent); final demand services less trade, transportation, and warehousing (41 percent); final demand construction (2 percent); and overall final demand.

PPI MoM

0.2%

In the United States, the Producer Price Inflation MoM for final demand measures month-over-month changes in the price for commodities sold for personal consumption, capital investment, government, and export. It is composed of six main price indexes: final demand goods (33 percent of the total weight), which includes food and energy; final demand trade services (20 percent); final demand transportation and warehousing services (4 percent); final demand services less trade, transportation, and warehousing (41 percent); final demand construction (2 percent); and overall final demand.

Core PPI YoY

2.4%

In the United States, the core Producer Price Index (PPI) measures average changes in prices received by domestic producers for their output excluding volatile items such food and energy.

Core PPI MoM

In the United States, the core Producer Price Index (PPI) measures average changes in prices received by domestic producers for their output excluding volatile items such food and energy.

PPI Ex Food, Energy and Trade MoM

0.3%

In the United States, the Producer Price Index for final demand excluding food, energy, and trade services accounts for around 68% of the total Producer Price Index for final demand.

PPI Ex Food, Energy and Trade YoY

2.8%

In the United States, the Producer Price Index for final demand excluding food, energy, and trade services accounts for around 68% of the total Producer Price Index for final demand.

PPI Ex Food, Energy and Trade

131

In the United States, the Producer Price Index for final demand excluding food, energy, and trade services accounts for around 68% of the total Producer Price Index for final demand.

PPI

143.7

In the United States, the Producer Price Index for final demand measures price change for commodities sold for personal consumption, capital investment, government, and export. It is composed of six main price indexes: final demand goods (33 percent of the total weight), which includes food and energy; final demand trade services (20 percent); final demand transportation and warehousing services (4 percent); final demand services less trade, transportation, and warehousing (41 percent); final demand construction (2 percent); and overall final demand.

Current Account

465000000

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

310000000

From the beginning of the past decade, Poland’s foreign trade turnover increased almost ten-fold. Poland exports processed fruit and vegetables, meat, dairy products, electromechanical products, vehicles, aircraft and vessels. Most of Poland's imports are capital goods needed for industrial retooling and for manufacturing inputs like machinery and transport equipment, chemicals, minerals, fuels and lubricants. European Union is by far its largest trading partner accounting for about 79% of exports and 64% of imports.

BCB Copom Meeting Minutes

In Brazil, interest rate decisions are taken by The Central Bank of Brazil's Monetary Policy Committee (COPOM). The official interest rate is the Special System of Clearance and Custody rate (SELIC) which is the overnight lending rate.

Current Account

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).

NFIB Business Optimism Index

NFIB Small Business Optimism Index is a composite of ten seasonally adjusted components calculated based on the answers of around 620 NFIB members. This questions include: plans to increase employment, plans to make capital outlays, plans to increase inventories, expect economy to improve, expect real sales higher, current inventory, current job openings, expected credit conditions, now a good time to expand, and earnings trend.

2-Year Schatz Auction

2.91%

Mining Production MoM

5%

In South Africa, the index of the volume of mining production is a statistical measure of the change in the volume of production. Coal is the most important sector and accounts for 24 percent of total mining production, followed by PGMs (23 percent); gold (16 percent); iron ore (12 percent); other non-metallic minerals (6 percent); diamonds (4 percent); manganese ore and chromium ore (3 percent each); other metallic minerals, building materials and nickel (2 percent each), and copper (1 percent).

Mining Production YoY

9.9%

In South Africa, the index of the volume of mining production is a statistical measure of the change in the volume of production. Coal is the most important sector and accounts for 24 percent of total mining production, followed by PGMs (23 percent); gold (16 percent); iron ore (12 percent); other non-metallic minerals (6 percent); diamonds (4 percent); manganese ore and chromium ore (3 percent each); other metallic minerals, building materials and nickel (2 percent each), and copper (1 percent).

Gold Production YoY

-3.6%

In South Africa, gold production accounts for 16 percent of total mining production.

2024–25 Budget Presentation

ZEW Economic Sentiment Index

In Germany, the ZEW Economic Sentiment Index measures the level of optimism that analysts have about the expected economic developments over the next 6 months. The survey covers up to 350 financial and economic analysts. The index is constructed as the difference between the percentage share of analysts that are optimistic and the percentage of analysts that are pessimistic about the development of the economy. Therefore, the ZEW indicator measures the confidence on a scale of -100 (all analysts expect the economy to deteriorate) up to 100 (all analysts expect it to improve). A 0 value indicates neutrality.

ZEW Current Conditions

-79.2

In Germany, the ZEW Current Conditions Index measures the level of optimism that analysts have about the current economic situation. The survey covers up to 350 financial and economic analysts. The index is constructed as the difference between the percentage share of analysts that are optimistic and the percentage of analysts that are pessimistic about the economy. Therefore, the ZEW indicator measures the confidence on a scale of -100 (all analysts see deteriorating economic conditions) up to 100 (all analysts see improving economic conditions). A 0 value indicates neutrality.

ZEW Economic Sentiment Index

43.9

In the Euro Area, the ZEW Economic Sentiment Index measures the level of optimism that analysts have about the expected economic developments over the next 6 months. The survey covers up to 350 financial and economic analysts. The index is constructed as the difference between the percentage share of analysts that are optimistic and the percentage of analysts that are pessimistic about the development of the economy. Therefore, the ZEW indicator measures the confidence on a scale of -100 (all analysts expect the economy to deteriorate) up to 100 (all analysts expect it to improve). A 0 value indicates neutrality.

50-Year Index-Linked Treasury Gilt Auction

Inflation Rate MoM

In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (17 percent of total weight); transport (13 percent); housing (12 percent) and hotels, cafés and restaurants (11 percent). The index also includes: clothing and footwear (9 percent); health (7 percent); furnishing and household equipment (7 percent); recreation and culture (5 percent); communication (5 percent). Education, alcoholic beverages, tobacco and other goods and services account for the remaining 14 percent of total weight.

Inflation Rate YoY

In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (21 percent of total weight); housing (16 percent); and transport (14 percent). The index also includes: hotels, cafés and restaurants (10 percent); health (8 percent); miscellaneous goods and services (7 percent); and clothing and footwear (6 percent). Household equipment, alcoholic beverages, tobacco, communication, recreation and culture, and education account for the remaining 19 percent of total weight.

Harmonised Inflation Rate YoY

The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.

3-Month Letras Auction

3.597%

9-Month Letras Auction

3.507%

Current Account

39150000000

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).

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).

Inflation Rate MoM Final

0.8%

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

Core Inflation Rate YoY Final

3.3%

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

Inflation Rate YoY Final

3.2%

In Spain, the most important categories in the Consumer Price Index are: Foods & Non-alcoholic Beverages (23% of the total weight), Housing, Water, Electricity, Gas & Other Fuels (14%), Restaurants & Hotels (13%) and Transport (13%). The index also includes: Recreation & Culture (6%), Miscellaneous Goods & Services (6%), Clothing & Footwear (6%), Furnishings, Household Equipment & Routine Maintenance (6%), Health (4%), Communications (4%), Alcoholic Beverages & Tobacco (3%), and Education (2%).

Harmonised Inflation Rate YoY Final

3.3%

The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.

Harmonised Inflation Rate MoM Final

1.4%

Producer & Import Prices YoY

-2.1%

In Switzerland, the Producer Price Index (PPI) is officially named “Producer and Import Price Index”. Producer price index measures the price development of goods that are produced and sold by enterprises operating within the country and the import price index measures the price development of imported goods. Only domestic sales are considered for the producer price index when combining the indices.

Producer & Import Prices MoM

0.1%

In Switzerland, the producer price index (which measures the price development of goods that are produced and sold by enterprises operating within the country) and the import price index (which measures the price development of imported goods) are combined into the price index for the whole range of goods. Only domestic sales are considered for the producer price index when combining the indices.

WPI Food Index YoY

4.65%

In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Primary Articles (22.6 percent of total weight); Fuel and Power (13.2 percent); and Manufactured Products (64.2 percent). The Food Index from the Primary Articles and Manufactured Products groups accounts for 24.4 percent of the total weight. The most important components of the Manufactured Products group are Basic Metals (9.7 percent of total weight); Food products (9.1 percent); Chemicals and Chemical products (6.5 percent) and Textiles (4.9 percent). Within the Primary Articles group, the most important component is Food Articles (15.3 percent), while within Fuel and Power, the most important category is HSD (3.1 percent).

WPI Manufacturing YoY

-0.85%

In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Primary Articles (22.6 percent of total weight); Fuel and Power (13.2 percent); and Manufactured Products (64.2 percent). The Food Index from the Primary Articles and Manufactured Products groups accounts for 24.4 percent of the total weight. The most important components of the Manufactured Products group are Basic Metals (9.7 percent of total weight); Food products (9.1 percent); Chemicals and Chemical products (6.5 percent) and Textiles (4.9 percent). Within the Primary Articles group, the most important component is Food Articles (15.3 percent), while within Fuel and Power, the most important category is HSD (3.1 percent).

WPI Fuel YoY

-0.77%

In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Primary Articles (22.6 percent of total weight); Fuel and Power (13.2 percent); and Manufactured Products (64.2 percent). The Food Index from the Primary Articles and Manufactured Products groups accounts for 24.4 percent of the total weight. The most important components of the Manufactured Products group are Basic Metals (9.7 percent of total weight); Food products (9.1 percent); Chemicals and Chemical products (6.5 percent) and Textiles (4.9 percent). Within the Primary Articles group, the most important component is Food Articles (15.3 percent), while within Fuel and Power, the most important category is HSD (3.1 percent).

WPI Inflation YoY

0.53%

In India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods. In India, wholesale price index is divided into three groups: Primary Articles (22.6 percent of total weight); Fuel and Power (13.2 percent); and Manufactured Products (64.2 percent). The Food Index from the Primary Articles and Manufactured Products groups accounts for 24.4 percent of the total weight. The most important components of the Manufactured Products group are Basic Metals (9.7 percent of total weight); Food products (9.1 percent); Chemicals and Chemical products (6.5 percent) and Textiles (4.9 percent). Within the Primary Articles group, the most important component is Food Articles (15.3 percent), while within Fuel and Power, the most important category is HSD (3.1 percent).

Inflation Rate MoM Final

0.4%

In Germany, the most important categories in the consumer price index are Housing, water, electricity, gas & other fuels (32 percent of the total weight), Transport (13 percent), Recreation, entertainment & culture (11 percent) and Food & non-alcoholic beverages (10 percent). The index also includes Miscellaneous goods & services (7 percent), Furniture, lighting equipment, appliances & other household equipment (5 percent), Restaurant & accommodation services (5 percent), Health (5 percent) and Clothing & footwear (5 percent). The remaining 7 percent of the index is composed by Alcoholic beverages & tobacco, Communication and Education.

Inflation Rate YoY Final

2.2%

In Germany, the most important categories in the consumer price index are Housing, water, electricity, gas & other fuels (32 percent of the total weight), Transport (13 percent), Recreation, entertainment & culture (11 percent) and Food & non-alcoholic beverages (10 percent). The index also includes Miscellaneous goods & services (7 percent), Furniture, lighting equipment, appliances & other household equipment (5 percent), Restaurant & accommodation services (5 percent), Health (5 percent) and Clothing & footwear (5 percent). The remaining 7 percent of the index is composed of Alcoholic beverages & tobacco, Communication and Education.

Harmonised Inflation Rate YoY Final

2.3%

The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.

Harmonised Inflation Rate MoM Final

0.6%

Unemployment Rate

4.2%

In the United Kingdom, the headline unemployment rate is the number of unemployed people (aged 16+) divided by the economically active population (aged 16+).

Employment Change

-156000

In the United Kingdom, employment change refers to the 3-month moving average compared to the previous period in the number of people in employment aged 16 and over.

Average Earnings incl. Bonus (3Mo/Yr)

5.6%

In the United Kingdom, wage growth refers to changes in average weekly earnings, before tax and other deductions and including bonuses.

Labour Productivity QoQ Final

0.7%

In the United Kingdom, Productivity is the real value of output produced by a unit of labor during a certain time.

Average Earnings excl. Bonus (3Mo/Yr)

6%

In the United Kingdom, Average Earnings Excluding Bonuses refers to changes in average weekly earnings, before tax and other deductions and excluding bonuses.

Claimant Count Change

10900

Claimant count in the United Kingdom measures the change in the number of people claiming unemployment related benefits.

Labour Productivity QoQ Prel

In the United Kingdom, Productivity is the real value of output produced by a unit of labor during a certain time.

HMRC Payrolls Change

-67000

In the UK, the number of payrolled employees is defined as the number of people receiving paid remuneration included in PAYE RTI within the reference period, including people who have not done work but are an employee - such as those on paid leave.

Industrial Production MoM

2.7%

In Romania, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.

Inflation Rate MoM

0.42%

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

Inflation Rate YoY

6.61%

In Romania, the main components of the Consumer Price Index are: Non-food Products (49% of the total weight), Food Products (33%), and Services (18%).

Industrial Production YoY

-2.2%

In Romania, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.

Consumer Confidence

-26.6

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.

Inflation Rate YoY

2.2%

In Finland, the most important category in the consumer price index is housing, water, electricity, gas and other fuels (25 percent of total weight). Food and non-alcoholic beverages accounts for 14 percent; transport for 13 percent and recreation and culture for 12 percent. Consumer price index in Finland also includes miscellaneous goods and services (7 percent); restaurants and hotels (7 percent) and furnishings, household equipment and routine household maintenance (5 percent). Health; alcoholic beverages and tobacco; clothing and footwear; communication and education account for remaining 17 percent of total weight.

Inflation Rate MoM

-0.1%

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

MAS 4-Week Bill Auction

MAS 12-Week Bill Auction

5-Year JGB Auction

0.404%

Retail Sales YoY

6.4%

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.

PPI YoY

0.8%

Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

PPI MoM

0.2%

In Japan, the Producer Price Inflation MoM measures a month-over-month change in the price of goods and services sold by manufacturers and producers in the wholesale market.

Electronic Retail Card Spending MoM

-0.7%

In New Zealand, Electronic Retail Card Spending measures the credit card spending by individuals on consumables, durables, hospitality, apparel industry, motor vehicles and fuel. The electronic card transactions series covers all debit, credit, and charge card transactions with New Zealand-based merchants. It can be used to indicate changes in consumer spending and economic activity.

Electronic Retail Card Spending YoY

-3%

In New Zealand, Electronic Retail Card Spending measures the credit card spending by individuals on consumables, durables, hospitality, apparel industry, motor vehicles and fuel. The electronic card transactions series covers all debit, credit, and charge card transactions with New Zealand-based merchants. It can be used to indicate changes in consumer spending and economic activity.

Visitor Arrivals YoY

35%

In New Zealand, visitor arrivals measure the total number of overseas visitors which intended length of stay is less than 12 months.

Export Prices YoY

2.6%

In South Korea, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates.

Import Prices YoY

-0.7%

In South Korea, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.

SNB Jordan Speech

In Switzerland, interest rate decisions are taken by the Swiss National Bank. The official interest rate is the SNB policy rate. The SNB seeks to keep the secured short-term Swiss franc money market rates close to the SNB policy rate. SARON is the most representative of these rates today. As of 13 June 2019, the SNB policy rate replaced the target range for the three-month Swiss franc Libor (London Interbank Offered Rate) previously used in the SNB's monetary policy strategy. The reason for this adjustment was that the Libor was becoming less relevant as the most important reference rate owing to the absence of the underlying money market transactions. From 6 September 2011 to 15 January 2015, the main focus of implementation was on the minimum exchange rate of CHF 1.20 per euro, which the SNB enforced during this period. On 18 December 2014, the SNB decided to impose an interest rate of -0.25% on sight deposit account balances. With the announcement of a negative interest rate, the Libor target range used then was taken into negative territory for the first time, and extended to its usual width of 1 percentage point. On 15 January 2015, the SNB lowered the interest rate on sight deposits to -0.75% and moved the target range downwards to between -1.25% and -0.25%. Negative interest has applied since 22 January 2015 and currently corresponds to the SNB policy rate.