Fed Barr 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.

8-Week Bill Auction

4.235%

4-Week Bill Auction

4.245%

EIA Natural Gas Stocks Change

57000000000cf

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

ECB Press Conference

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.

Foreign Securities Purchases by Canadians

-3150000000

In Canada, the data series on international transactions in securities covers portfolio transactions in equity and investment fund shares, bonds and money market instruments for both Canadian and foreign issues. This activity excludes transactions in equity and debt instruments between affiliated enterprises, which are classified as foreign direct investment in international accounts.

Foreign Securities Purchases

7910000000

In Canada, the data series on international transactions in securities covers portfolio transactions in equity and investment fund shares, bonds and money market instruments for both Canadian and foreign issues. This activity excludes transactions in equity and debt instruments between affiliated enterprises, which are classified as foreign direct investment in international accounts.

Initial Jobless Claims

223000

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. .

Building Permits MoM Prel

-1%

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

11.2%

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

12.5

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

1501000

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

1459000

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.

Jobless Claims 4-week Average

223000

Continuing Jobless Claims

1850000

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 CAPEX Index

13.4

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 Business Conditions

5.6

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

19.7

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.

Philly Fed Prices Paid

48.3

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

8.7

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.

Deposit Facility Rate

2.5%

The deposit facility, as a standing facility, aims to absorb overnight liquidity, signal the general stance of monetary policy and normally provides a floor for the overnight market interest rate. The deposit facility is used at overnight deposits with the national central banks.

ECB Interest Rate Decision

2.65%

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.

Marginal Lending Rate

2.9%

In the Euro Area, the marginal lending facility aims to provide overnight liquidity, signal the general stance of monetary policy and normally provides a ceiling for the overnight market interest rate. This facility is available to eligible counterparties on their own initiative, subject to their fulfilment of certain operational access conditions. Counterparties can use the marginal lending facility to obtain overnight liquidity from the national central banks against eligible assets. Under normal circumstances, there are no credit limits or other restrictions on counterparties' access to the facility, apart from the requirement to present sufficient underlying assets. The marginal lending facility is administered in a decentralised manner by the national central banks.

Foreign Exchange Reserves

77840000000

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

CFIB Business Barometer

25

CFIB’s Business Barometer tracks small business confidence, expectations and operating conditions in Canada. It was revised as of the May 2009 issue. It is based on the same survey question on 12-month future business performance expectations collected annually 1987-2000, quarterly 2001-2008 and monthly since late 2008. The index is a weighted average of response scores: 100 for stronger performance, 50 for same performance, and 0 for weaker performance. The data are not seasonally adjusted.

TCMB Interest Rate Decision

42.5%

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

41%

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

Overnight Lending Rate

46%

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

Building Permits YoY

31.8%

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

1.8%

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

4%

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).

9-Year Index-Linked OAT Auction

1.2%

14-Year OATi Auction

1.41%

PPI MoM

0.3%

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).

PPI YoY

-0.4%

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).

Consumer Confidence

81.4

In Spain, the Consumer Confidence survey is made by phone and covers 1,000 individuals aged over 16 who are representative of Spanish society as a whole. The questionnaire focuses on current economic and financial situation, savings intention as well as on expected developments regarding general and personal economic situation and major purchases of durable goods. The index shows the difference between the percentage share of persons that are optimistic and the percentage of persons that are pessimistic. The index measures consumer confidence on a scale of 0 to 200, where 0 indicates extreme lack of confidence, 100 neutrality and 200 extreme confidence.

11-Year Index-Linked OAT Auction

1.2%

28-Year Index-Linked OAT Auction

1.57%

SACCI Business Confidence

120

In South Africa, the SACCI Business Confidence Index reflects the neutral sentiment in the market place, as it captures the prevailing business climate and what businesses are experiencing. The index is composed by thirteen sub-indices, including energy supply, manufacturing, exports, imports, vehicle and retail sales, construction, inflation, share prices, private sector borrowing, financing cost, precious metal prices and exchange rate.

SACCI Business Confidence

In South Africa, the SACCI Business Confidence Index reflects the neutral sentiment in the market place, as it captures the prevailing business climate and what businesses are experiencing. The index is composed by thirteen sub-indices, including energy supply, manufacturing, exports, imports, vehicle and retail sales, construction, inflation, share prices, private sector borrowing, financing cost, precious metal prices and exchange rate.

6-Year OAT Auction

2.76%

3-Year OAT Auction

2.59%

7-Year OAT Auction

3.1%

Current Account

1017000000

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).

Gross Wage YoY

10.4%

Gross wage measures the year over year change in gross monthly average earnings of full-time employees in the national economy.

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

0.7%

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.

Balance of Trade

4300000000

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.

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.

52-Week Bill Auction

0.6184%

Employment Change

-52800

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.

Full Time Employment Chg

-35700

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

4.1%

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

Part Time Employment Chg

-17100

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.

BoJ Nakagawa Speech

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.

Interest Rate Decision

2.75%

In South Korea the interest rates decisions are taken by the Bank of Korea’s (BOK) Monetary Policy Committee. The official interest rate is the Bank of Korea Base Rate which was changed from overnight call rate on March 2008.

Balance of Trade

6160000000

Singapore economy relies on purchasing of intermediate goods and exporting of high-value added products. Main exports are: machinery and equipment (43 percent of the total exports); petroleum (19 percent) and chemicals (13 percent). Main imports are: machinery and equipment (39 percent of the total imports); petroleum (33 percent); chemical products (7 percent) and miscellaneous manufactured articles (7 percent). In 2017, the biggest trade deficits were recorded with China, Hong Kong, Malaysia, Indonesia and the United States. Singapore did not record surpluses with any country.

Non-Oil Exports YoY

7.6%

In Singapore, Non-oil Domestic Exports (NODX) can be divided in Electronic Products, such as ICs, Disk Media Products, PCs, Parts of PCs, and Diodes & Transistors; and Non-Electronic Products, particularly chemicals, such as petrochemicals and pharmaceuticals.

Non-Oil Exports MoM

2.6%

In Singapore, Non-oil Domestic Exports (NODX) can be divided in Electronic Products, such as ICs, Disk Media Products, PCs, Parts of PCs, and Diodes & Transistors; and Non-Electronic Products, particularly chemicals, such as petrochemicals and pharmaceuticals.

Maundy Thursday

Maundy Thursday

Maundy Thursday

Maundy Thursday

Imports YoY

-0.7%

Japan's main imports are 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).

Balance of Trade

590500000000

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

11.4%

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. 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).

Stock Investment by Foreigners

1808400000000

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

-2569800000000

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.

Fed Schmid 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.

Inflation Rate YoY

2.2%

In New Zealand, the most important category in the consumer price index is Housing and Utilities (28 percent of total weight). Food accounts for 18 percent; Transport for 14 percent; Recreation and Culture for 9 percent; Miscellaneous Goods and Services for 8 percent; and Alcoholic beverages and Tobacco for 7 percent. Household Goods and Services; Health; Clothing and Footwear; Communication; and Education account for the remaining 16 percent of total weight.

Inflation Rate QoQ

0.5%

Inflation Rate QoQ measures quarter over quarter change in the price of goods and services.

Net Long-term TIC Flows

-45200000000

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

-13300000000

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

-48800000000

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

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.

20-Year Bond Auction

4.632%

PPI YoY

9.8%

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

0.9%

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.

Fed Hammack 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.