2-Year FRN Auction

Fed Bowman 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 Elderson 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.

EIA Gasoline Stocks Change

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

EIA Crude Oil Stocks Change

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

EIA Refinery Crude Runs Change

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

EIA Heating Oil Stocks Change

EIA Gasoline Production Change

EIA Distillate Stocks Change

EIA Distillate Fuel Production 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 Crude Oil Imports Change

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.

Fed Bullard 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.

Pending Home Sales MoM

-1%

The Pending Home Sales Index, a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. When a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a "pending home sale." The majority of pending home sales become home sale transactions, typically one to two months later. The National Association of Realtors collects pending home sales data from MLSs and large brokers. Altogether, data from over 100 MLSs & 60 large brokers is received providing a large sample size covering 50% of the existing home sales sample. This is equal to 20 percent of all transactions.

Pending Home Sales YoY

-19.9%

The Pending Home Sales Index, a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. When a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a "pending home sale." The majority of pending home sales become home sale transactions, typically one to two months later. The National Association of Realtors collects pending home sales data from MLSs and large brokers. Altogether, data from over 100 MLSs & 60 large brokers is received providing a large sample size covering 50% of the existing home sales sample. This is equal to 20 percent of all transactions.

Fed Bostic 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.

Bank Lending MoM

1.1%

Loan Growth in Brazil refers to the monthly change in total credit outstanding, including public and private lending.

Average Weekly Earnings YoY

3.5%

In Canada, average weekly earnings (including overtime) refers to the gross taxable payroll (including overtime) divided by the number of employees. It is calculated for all types of employees. In general, changes in weekly earnings reflect a number of factors, including wage growth; changes in the composition of employment by industry, occupation and level of job experience; and average hours worked per week.

Goods Trade Balance Adv

-89060000000

In the US, goods trade balance is equal to goods exports less goods imports.

Wholesale Inventories MoM Adv

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.

Retail Inventories Ex Autos MoM Adv

PPI MoM

1.21%

PPI YoY

18.04%

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.

Monetary Policy Meeting Minutes

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.

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 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

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. The survey covers over 75% of all US retail residential mortgage applications.

Retail Sales MoM

-1.6%

In Ireland, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Ireland, Retail sales are seasonal, volatile and relatively important to the overall economy.

Retail Sales YoY

-8.1%

In Ireland, 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.

Wage Growth YoY

6.8%

In Cyprus, Wage Growth measures the year-on-year change in average monthly earnings of employees.

6-Month BOT Auction

Industrial Sales MoM

In Italy, industrial turnover index measures the monthly changes of industrial sales at current prices.

Industrial Sales YoY

In Italy, industrial turnover index measures the monthly changes of industrial sales at current prices.

BoE Cunliffe 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).

Bank Austria Manufacturing PMI

In Austria, the Bank Austria Manufacturing PMI measures the performance of the manufacturing sector. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.

Economic Sentiment Index

-56.3

In Switzerland, the CS-CFA Society 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.

Business Confidence

104.3

In Italy, the Manufacturing Confidence Index covers 4,000 Italian companies. The questionnaire focuses on the current trend of order books, production and inventories, short-term forecasts on order books, production, prices and the general economic situation. The business confidence index is adjusted for seasonal effects and fixed to a base year of 2005. The value 100 indicates no evolution in business sentiment, a value over 100 shows increasing confidence and a value under 100 indicates low expectations.

Consumer Confidence

98.3

In Italy, the Confidence Climate Index covers 2,000 Italian consumers. The survey is done by phone and assesses households’ economic conditions, employment and saving prospects and expected purchases of durable goods. The consumer confidence index is adjusted for seasonal effects and fixed to a base year of 2005. The value 100 indicates no evolution in consumer sentiment, a value over 100 shows increasing confidence and a value under 100 indicates low expectations.

ECB President Lagarde 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.

Consumer Confidence

56.3

In Sweden, the Consumer Confidence indicator is based on a survey of 1500 households that are interviewed each month. The questions cover consumers’ assessment of their personal finances and the Swedish economy, expectations for interest rates and inflation, and plans for major purchases and savings.

Business Confidence

In Sweden, the confidence indicator for the business sector is intended to provide a quick qualitative indication of actual outcomes, current situation and future expectations of Swedish companies. The variables in the survey include new orders, output, and employment. The survey covers 6,000 firms in the business sector.

Consumer Inflation Expectations

10.3%

In Sweden, inflation expectations refer to median one year ahead expected inflation rate.

Consumer Confidence

82

In France, the consumer confidence index is based on a survey of about 2 000 households. The questionnaire focuses on: past and future economic situation in France, past and future personal financial situation, unemployment, intention to make major purchases, current savings capacity and expected savings capacity. The indicator is calculated using factor analysis technique. The index is then calculated in a way to measure the current sentiment in relation to the historic index values of the period 1987-2011. A value over 110 indicates unusually high optimism and a value under 90 indicates unusually high pessimism. The value 100 indicates neutrality.

GfK Consumer Confidence

-36.5

The GfK Consumer Climate Indicator is based on a survey of 2000 individuals age 14 and above. The questionnaire focuses on income expectations, buying propensity and savings. The components of the indicator are calculated as the difference between positive and negative answers to the questions asked. Their value can vary between minus 100 and plus 100 points with 0 representing the long term average.

Retail Sales MoM

-2.1%

In Norway, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Norway, Retail sales are seasonal, volatile and relatively important to the overall economy.

Retail Sales YoY

In Norway, 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.

Household Consumption MoM

-2.7%

In Norway, the index of household consumption of goods measures the development in household consumption of goods (durable and non-durable). The statistics are calculated as an index and are based on the index of retail sales, first-time registered motor vehicles, sales of alcoholic and non-alcoholic beverages and electricity, petrol and fuel statistics. The index does not cover household consumption of goods abroad.

Retail Sales YoY

-3.9%

In Sweden, 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.

Retail Sales MoM

-0.6%

In Sweden, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Sweden, Retail sales are seasonal, volatile and relatively important to the overall economy.

Retail Sales MoM Prel

1.3%

In Australia, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Australia, Retail sales are seasonal, volatile and relatively important to the overall economy.

Fed Daly 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.

St. Wenceslas Day

BoJ Monetary Policy Meeting Minutes

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.

Consumer Confidence

88.8

In South Korea, the Composite Consumer Sentiment Index (CCSI) measures the level of optimism that consumers have about the performance of the economy. The index is based on a survey of around 2200 households. The CCSI is computed as a sum of six variables, including current living standards, prospective household income and prospective spending. A CCSI above 100 indicates an improving outlook and below 100 a deteriorating outlook.

API Crude Oil Stock Change

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

5-Year Note Auction