10-Year NTN-F Auction

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.

2-Year LTN Auction

4-Week Bill Auction

8-Week Bill Auction

17-Week Bill Auction

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 Heating Oil Stocks Change

EIA Refinery Crude Runs Change

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

EIA Crude Oil Imports Change

EIA Distillate Fuel Production Change

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 Gasoline Production Change

Consumer Confidence Flash

-14.3

In Euro Area, the Consumer Economic Sentiment Indicator measures the level of optimism that consumers have about the economy. The survey is made by phone and covers 23 000 households in the Euro Area. The number of households sample varies across the zone. The questions focus on current economic and financial situation, savings intention as well as on expected developments regarding: consumer price indexes, general economic situation and major purchases of durable goods. The Consumer ESI measures consumer confidence on a scale of -100 to 100, where -100 indicate extreme lack of confidence, 0 neutrality and 100 extreme confidence.

Initial Jobless Claims

Initial jobless claims refer to the number of people who have filed for unemployment benefits with their state's unemployment agency for the first time during a specific reporting period, typically on a weekly basis. .

Philadelphia Fed Manufacturing Index

4.5

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.

Housing Starts MoM

5.7%

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.

Building Permits MoM Prel

-3%

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

1360000

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.

Building Permits Prel

1440000

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.

Current Account

-194800000000

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).

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.

Jobless Claims 4-week Average

Philly Fed Business Conditions

32.4

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.

Philly Fed Employment

-7.9

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

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

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

18.7

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.

Retail Sales MoM

-0.2%

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

Retail Sales YoY

-1.7%

In Mexico, 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.

BoE Interest Rate Decision

5.25%

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).

MPC Meeting Minutes

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).

BoE MPC Vote Hike

0/9

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).

BoE MPC Vote Unchanged

7/9

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).

BoE MPC Vote Cut

2/9

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).

Building Permits YoY

-7.8%

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.

Economic Activity YoY

1.9%

In Portugal, economic activity year-on-year refers to the annual change of the coincident indicator for the Portuguese economy activity that includes eight major indicators: real GDP; retail sales volume (retail trade survey); sales of heavy commercial vehicles; cement sales; manufacturing production index; households’ financial situation (consumer survey); new job vacancies; and an external environment proxy.

Private Consumption YoY

2.5%

In Portugal, private consumption year-on-year refers to the annual change of the coincident indicator for the Portuguese personal consumption that includes eight major indicators: real private consumption; real retail trade turnover index; sales of light passenger vehicles; retail sales volume (trade survey); tourism nights spent by residents in Portugal; real industrial turnover index of consumer goods in the domestic market; households’ financial situation; and general economic situation (consumers’ survey).

12-Year Index-Linked OAT Auction

30-Year Index-Linked OAT Auction

Index-Linked OAT Auction

OATi Auction

Unemployment Rate

5.6%

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

PPI YoY

0.8%

In Portugal, the Industrial Production Price Index aims to show the monthly evolution of transaction prices in economic activities for the domestic and foreign markets. The indices are obtained based on the Survey on Prices in the Production of Industrial Products, carried out by electronic form, with companies based in the national territory, focusing mainly on the extractive, manufacturing and electricity, gas and water industries. About 10123 prices are collected every month. Intermediate goods is the biggest segment of producer prices, accounting for 36 percent of total PPI, followed by consumer goods (31 percent), energy (20 percent) and capital goods (12 percent).

PPI MoM

0%

In Portugal, the Producer Price Inflation MoM measures the monthly evolution of transaction prices in economic activities for the domestic and foreign markets. The indices are obtained based on the Survey on Prices in the Production of Industrial Products, carried out by electronic form, with companies based in the national territory, focusing mainly on the extractive, manufacturing and electricity, gas and water industries. About 10123 prices are collected every month. Intermediate goods is the biggest segment of producer prices, accounting for 36 percent of total PPI, followed by consumer goods (31 percent), energy (20 percent) and capital goods (12 percent).

6-Year OAT Auction

8-Year OAT Auction

3-Year OAT Auction

5-Year OAT Auction

5-Year Bonos Auction

2.877%

10-Year Obligacion Auction

3.251%

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.

Index-Linked Obligacion Auction

Obligacion Auction

Bonos Auction

Unemployment Rate

3%

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

Current Account

-2694000000

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).

Construction Output YoY

3.8%

The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering.

Norges Bank Interest Rate Decision

4.5%

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.

Norges Bank Monetary Policy Report

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.

PPI YoY

-8.6%

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.

Corporate Sector Wages YoY

11.3%

In Poland, Corporate Sector Wages measures year over year change in average monthly gross wage in the enterprise sector.

Employment Growth YoY

-0.4%

In Poland, employment growth refers to the annual change of employment in the enterprise sector, which concerns units employing more than 9 persons and conducting economic activity within the scope of the following areas: forestry and logging; marine fishing; mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities; construction; wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities; information and communication; real estate activities; legal and accounting activities; activities of head offices; management consultancy activities; architectural and engineering activities; technical testing and analysis; advertising and market research; other professional, scientific and technical activities; administrative and support service activities; arts, entertainment and recreation; repair of computers and personal and household goods; other personal service activities.

Industrial Production YoY

7.9%

In Poland, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 86 percent of total production. The biggest segments within Manufacturing are: food products (16 percent of total production); motor vehicles, trailers and semi-trailers (10 percent); metal products (7 percent), rubber and plastic products (6 percent), electrical equipment (5 percent), coke and refined petroleum products (5 percent), chemicals and chemical products (4 percent), other non-metallic mineral products (4 percent), and basic metals (4 percent). Electricity, gas, steam and air conditioning supply accounts for 8 percent of total output; Mining and quarrying for 3 percent; and Water supply; sewerage, waste management and remediation activities for 2 percent.

SNB Interest Rate Decision

1.5%

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.

Interest Rate Decision

6.25%

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.

Loan Growth YoY

13.09%

In Indonesia, loan growth refers to year over year change in total value of outstanding credits of commercial banks.

Deposit Facility Rate

5.5%

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

Lending Facility Rate

7%

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

ECB General Council Meeting

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

80.5

In Turkey, Consumer Tendency Survey aims to measure present situation assessments and future period expectations of consumers' on personal financial standing and general economic course and to determine consumers' expenditure and saving tendencies for near future. The survey covers a randomly selected sample of all individuals at the age of 15 and above having a job in urban and rural areas. The index is evaluated between 0 and 200. The reading above 100 means consumers are optimistic and below 100 are pessimistic.

Balance of Trade

3900000000

Switzerland has been running consistent trade surpluses. The biggest trade surpluses are recorded with the US, India, the UK, China, Hong Kong, Japan and Singapore; and the largest deficits were recorded with the UAE, Germany, Ireland, Italy and Thailand.

PPI MoM

0.2%

In Germany, 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.

PPI YoY

-3.3%

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.

Consumer Confidence

In Denmark, the consumer confidence indicator analyzes the consumer climate through questions about the economic situation as perceived by consumers at a given time concerning both the general economic situation in Denmark and the financial situation of the family. At present an omnibus survey consists of a sample of about 1,500 persons, drawn from a population of persons aged 16-74 years residing in Denmark.

6-Month T-Bill Auction

Unemployment Rate

3.7%

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

Consumer Confidence

-22

In the Netherlands, the Consumer Confidence survey is made by phone and covers 1,000 households. The questions cover the consumer’s assessments on national economy and own financial situation for the past 12 months and expectations for the coming 12 months. The index is then calculated as a difference between the percentage of participants that are optimistic and the share that is pessimistic. Therefore, the index takes a value between -100 (all respondents assess their situation as poor and expect it to become worse) and 100 (all participants are satisfied with the current situation and expect it to improve); 0 indicates neutrality.

5-Year JGB Auction

0.572%

Loan Prime Rate 1Y

3.45%

The People’s Bank of China (PBOC) on August 17th, 2019, designated the Loan Prime Rate (LPR) the new lending benchmark for new bank loans to households and businesses, replacing the central bank’s benchmark one-year lending rate. The rate is based on a weighted average of lending rates from 18 commercial banks, which will submit their LPR quotations, based on what they have bid for PBOC liquidity in open market operations, to the national interbank funding center before 9am CST on the 20th of every month.

Loan Prime Rate 5Y

3.95%

Eurogroup Meeting

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.

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.

GDP Growth Rate YoY

In New Zealand, services are the biggest sector of the economy and account for 75 percent of total GDP. Within services the most important segments are: finance, insurance and business services (30 percent); personal and community services (13 percent), and transport and communication (11 percent). Industry accounts for 17 percent of GDP. Within industry, manufacturing represents 13 percent of GDP while construction 4 percent. The remaining 8 percent is contributed by agriculture, fishing, forestry and mining.

GDP Growth Rate QoQ

New Zealand has an advanced market economy, highly dependent on international trade. The country is closely link with Australia, which is the biggest importer of “kiwi” products, supplier and investor. New Zealand’s most developed industries are focused on tourism and exports of agricultural products and are the main source of growth. Services are the biggest sector of the economy and account for 75 percent of total GDP including: finance, insurance and business services (30 percent); personal and community services (13 percent), and transport and communication (11 percent). Industry accounts for 17 percent of GDP with manufacturing constituting 13 percent and construction 4 percent. Agriculture, fishing, forestry and mining accounts for the remaining 8 percent.

Interest Rate Decision

10.5%

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.

Westpac Consumer Confidence

93.2

In New Zealand, the Westpac McDermott Miller Consumer Confidence Index measures the level of optimism that consumers have about the performance of the economy. The Consumer Confidence Index is calculated from percentage response to five internationally standardized questions covering consumers' personal financial circumstances, national economic expectations and attitudes to major purchases. It is 100 plus the average of the difference between positive answers and negative responses. A score above 100 shows more optimism than pessimism while a score below 100 denotes more pessimism.

BoC Summary of Deliberations

In Canada, benchmark interest rate is set by the Bank of Canada's (BoC) Governing Council. The official interest rate is the Overnight Rate. Since 1996 the Bank Rate is set at the upper limit of an operating band for the money market overnight rate. Previously, from March 1980 until February 1996 the Bank Rate was set at 25 basis points above the weekly average tender rate for 3-month Treasury bills.

PPI YoY

18.4%

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

1.8%

In Russia, 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.