EIA Natural Gas Stocks Change

Natural Gas Stocks Change refers to the weekly change of the natural gas supply situation.

Fed Collins 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.

Wholesale Sales MoM Final

2.1%

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.

Building Permits Prel

1351000

Building Permits refer to the approvals given by a local jurisdictions before the construction of a new or existing building can legally occur. Not all areas of the United States require a permit for construction.

Initial Jobless Claims

Initial jobless claims have a big impact in financial markets because unlike continued claims data which measures the number of persons claiming unemployment benefits, Initial jobless claims measures new and emerging unemployment.

Building Permits MoM Prel

-10.6%

Building Permits refer to the approvals given by a local jurisdictions before the construction of a new or existing building can legally occur. Not all areas of the United States require a permit for construction.

Housing Starts MoM

-0.5%

Housing Starts refer to the number of new residential construction projects that have begun during any particular month. Estimates of housing starts include units in structures being totally rebuilt on an existing foundation.

Housing Starts

1427000

Housing Starts refer to the number of new residential construction projects that have begun during any particular month. Estimates of housing starts include units in structures being totally rebuilt on an existing foundation.

Philadelphia Fed Manufacturing Index

-13.8

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.

Jobless Claims 4-week Average

Continuing Jobless Claims

Continuing Jobless Claims refer to actual number of unemployed and currently receiving unemployment benefits who filed for unemployment benefits at least two weeks ago.

Philly Fed Business Conditions

3.8

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.

Philly Fed CAPEX Index

18

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.

Philly Fed Employment

-1.8

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.

Philly Fed New Orders

-25.8

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.

Philly Fed Prices Paid

26.4

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.

ECB Monetary Policy Meeting Accounts

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.

Current Account

725900000

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).

Foreign Exchange Reserves

In Turkey, Foreign Exchange Reserves refer to gross foreign exchange reserves held or controlled by the country's central bank, excluding gold.

10-Year Index-Linked OAT Auction

-0.05%

TCMB Interest Rate Decision

In Turkey, benchmark interest rates are set by the Central Bank of the Republic of Turkey Monetary Policy Committee (Türkiye Cumhuriyet Merkez Bankasi - TCMB). From June 1st 2018, the main interest rate is the one-week repo rate and the overnight borrowing and lending rates will be determined at 150 bps below/above the one-week repo rate. The central bank simplified its monetary policy framework on May 28th 2018 from a different system with four main key rates, with the late liquidity window lending rate being one of the most followed.

Overnight Borrowing Rate

7.5%

In Turkey, the Overnight Borrowing Rate refers to the rate under which banks lend or deposit money to the Central Bank.

Overnight Lending Rate

10.5%

In Turkey, lending rate refers to central bank overnight lending rate.

Building Permits YoY

8%

Statistics South Africa (Stats SA) conducts a monthly building statistics survey collecting information regarding building plans passed and buildings completed, financed by the private sector, from the largest local government institutions in South Africa. According to these institutions, they are not always notified about low-cost housing projects and therefore do not include the bulk of low-cost dwelling-houses. The monthly survey represents approximately 90 percent of the total value of buildings completed. The statistical unit for the collection of information is a local government institution. Local government institutions include district municipalities, metropolitan municipalities and local municipalities.

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.

10-Year Index-Linked Treasury Gilt Auction

-0.558%

5-Year BTAN Auction

3-Year BTAN Auction

Current Account

710000000

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).

3-Year Bonos Auction

7-Year Obligacion Auction

5-Year Bonos Auction

2.667%

10-Year Obligacion Auction

3.306%

Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

15-Year Obligacion Auction

3.132%

30-Year Obligacion Auction

3.334%

Norges Bank Press Conference

In Norway, benchmark interest rate is set by the Central Bank of Norway (Norges Bank). The official interest rate is the key policy rate, also known as sight deposit rate.

Balance of Trade

-6850000000

Spain runs systemic trade deficits due to high imports of fuel and high added value goods. Spain’s main exporting sectors are capital goods; food, beverages and tobacco; chemical products and vehicles. The largest shares by sector of Spain’s imports are those of capital goods, chemical products; energy and food, beverages and tobacco. Exports to the European Union represent more than 60% of total exports and those to the rest of the world amount almost 40% of total exports. Imports from the European Union account for over 50% of total imports, only slightly more than purchases from the rest of the world. Spain’s trade surplus with the European Union has been widening while the trade deficit with the rest of the world has been expanding.

Current Account s.a

-400000000

Current Account

-4390000000

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).

Norges Bank Interest Rate Decision

2.75%

In Norway, benchmark interest rate is set by the Central Bank of Norway (Norges Bank). The official interest rate is the key policy rate, also known as sight deposit rate.

Unemployment Rate

3.7%

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

Producer & Import Prices YoY

3.8%

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

-0.5%

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.

Interest Rate Decision

5.5%

In Indonesia the interest rate decisions are taken by The Central Bank of Republic of Indonesia. In April of 2016, policymakers announced the replacement of the official discount interest rate with new 7-day reverse repurchase rate in August 2016. This is the rate at which central banks lend or discount eligible paper for deposit money banks, typically shown on an end-of-period basis.

Lending Facility Rate

6.25%

In Indonesia, lending rate refers to central bank lending facility rate.

Deposit Facility Rate

4.75%

The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.

Industrial Confidence

-4.4

In Norway, Industrial confidence indicator (ICI) Business tendency survey is the arithmetic average of the responses (balances) to the questions on production expectations, total stock of orders and inventories of own products. The indicator is a guide to the level of industrial production since: an expected rise in the level of output gives signals of increased production in the forthcoming quarter; an increase in the total stock of orders indicates a higher level of production due to the future fulfillment of these orders; an increase in the inventories of own products indicates slow sales and reduced activity.

Unemployment Rate

3.6%

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

52-Week Bill Auction

-0.0649%

20-Year JGB Auction

1.088%

Full Time Employment Chg

34200

In Australia, full time employment change refers to the change in the number of employed persons who usually work 35 hours or more a week (in all jobs) and those who, although usually working fewer than 35 hours a week, work 35 hours or more during the reference week.

Unemployment Rate

3.4%

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

Employment Change

64000

In Australia, employment change refers to the absolute change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment.

Part Time Employment Chg

29800

In Australia, persons employed part time are those employed persons who usually worked less than 35 hours a week in all jobs.

Labor Participation Rate

66.8%

The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.

RICS House Price Balance

-25%

The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the percentage of surveyors reporting a house price rise in their designated area, minus those reporting a fall. A level above 0% indicates more surveyors reported a rise in prices; below indicates more reported a fall.

World Economic Forum Annual Meeting

Consumer Inflation Expectations

5.2%

In Australia, Melbourne Institute Inflation Expectations survey measures consumers’ median expectations for price growth over the coming 12 months.

Balance of Trade

-227400000000

Japan’s trade balance has fluctuated in recent years partly because of disruptions to production and other problems related to the coronavirus pandemic. In 2022, the country recorded persistent monthly trade deficits as imports surged more than exports. On one hand, the weak yen has helped to drive exports to record highs but on the other, it had made the cost of imported products especially food and energy commodities very expensive. The biggest trade deficits were reported with Australia, China, and Middle East countries while the biggest trade surpluses were recorded with the United States, Hong Kong, South Korea, and Singapore.

Exports YoY

20%

Exports of high technology products have been the engine of Japan's economic growth since 1960. Exports account for around 19 percent of total GDP. In 2019 exports fell 5.6 percent from the previous year's record high amid global trade tensions. Main exports were: transport equipment (24 percent of total exports), with motor vehicles accounting for 16 percent; machinery (20 percent) on the back of power generating machine and semicon machinery; electrical machinery (17 percent), such as semiconductors, IC and electrical apparatus; chemicals (11 percent), mainly plastic materials and organic chemicals; and manufactured goods (11 percent), such as iron and steel products, nonferrous metals and manufactures of metals. Japan's main export partners were the US (20 percent), China (19 percent), the EU (12 percent) in particular Germany (3 percent), South Korea (7 percent), Taiwan (6 percent), Hong Kong (5 percent), and Thailand (4 percent).

Foreign Bond Investment

The net data shows the difference between acquisition and disposition of long-term debt securities: a plus sign indicates net purchases of foreign securities by Japanese investors; a minus sign indicates net selling and inflows of funds into Japan. It excludes Bank of Japan.

Stock Investment by Foreigners

Foreign Investments in Japanese Stocks refers to the net difference between inflow and outflow of investments in Japanese stock market by foreigners.

Imports YoY

30.3%

In 2019 imports to Japan dropped 5 percent from the previous year's record high amid global trade tensions. Main imports were: mineral fuels (22 percent of total imports), with petroleum accounting for 10 percent and LNG for 6 percent; electrical machinery (15 percent) on the back of telephony, telegraphy and semiconductors; chemicals (10 percent) due to medical products and organic chemicals; machinery (10 percent) in particular computers and units; foodstuff (9 percent) such as fish and fish preparations and meat and meat preparations; manufactured goods (9 percent) on nonferrous metals; and raw materials (6 percent) mainly ore of nonferrous and iron ore and concentrates. Japan's main import partners were China (23 percent), the EU (12 percent) in particular Germany (3 percent), the US (11 percent), Australia (6 percent), South Korea (4 percent), Saudi Arabia (4 percent), Taiwan (4 percent), the UAE (4 percent) and Thailand (4 percent).

Fed Logan 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.

Food Inflation YoY

10.7%

In New Zealand, the food price index (FPI) measures the changes in prices that households pay for food.

API Crude Oil Stock Change

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

Net Long-term TIC Flows

67800000000

The Net Long-Term TIC Flows track the flow of Treasury and agency securities, corporate bonds and equities, into and out of the United States.

Foreign Bond Investment

61900000000

Foreign Bond Investment refers to net purchases of US treasury bonds and notes by foreign individuals or companies. Negative figures indicate net sales by foreigners to US residents or a net outflow of capital from the United States. .

Overall Net Capital Flows

179900000000

Net Treasury International Capital Flows includes all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows.

Fed Harker 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 Beige Book

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.

20-Year Bond Auction

3-Year Bond Auction

3.779%

17-Week Bill Auction

4.68%