Last week, the European central bank kept its interest rate unchanged at 0%, it indicated it would slow the pace of purchases under its Pandemic Emergency Purchase Program in the fourth quarter of 2021. The US dollar was supported last week by cautious risk sentiment stemmin...
U.S. PRODUCER PRICE INFLATION RISES +0.7% IN AUGUST; EST. +0.6% U.S. CORE PPI RISES +0.6% IN AUGUST; EST. +0.5%
The major data release Friday comes in the form of U.S. producer prices, at 8:30 AM ET (1230 GMT). These are expected to have cooled in August, expected to rise by 0.6% after the 1% jump in July, providing weight to the Federal Reserve’s argument that the hefty price rises will be temporary in na...
Crude -1.528MM, Est. -4.75MM Gasoline -7.215MM Distillates -3.141MM Cushing +1.918MM Production -1.5MMb/d to 10MMb/d
GDP forecasts released Sept 9, 2021: 2021 GDP +5.0% vs +4.6% prior 2022 GDP +4.6% vs +4.7% prior 2023 GDP +2.1% vs +2.1% prior
Eurozone on track for a strong growth in Q3; manufacturing to perform strongly. Shortages are holding back production. The labour market is improving rapidly; consumers are cautious. Some way to go before pandemic damage to economy offset.
Lagarde speech: Current inflation increase mostly temporary
ECB Press Conference - rebound phase in recovery increasingly advanced - economy seen returning to pre-crisis level at year-end
US July JOLTS job openings 10.934M vs 10.03M estimate
Rate of QE unchanged at $2B per week, as expected Rates left unchanged at 0.25%, as entirely expected This is a statement-only release, no projections or press conference Macklem will deliver a speech tomorrow
The Bank of Canada is now widely expected to shy away from its intention to tighten policy when its board meets, as the spread of Delta variant Covid-19 in the U.S. spills over into an economic slowdown on both sides of the border. The decision is due at 10 AM ET.
Last Friday, US Labor Department reported that the economy added 235K jobs in August, falling far short of economists estimate of 750K. However, the unemployment rate fell to 5.2% from 5.4% in July and July job growth was revised sharply higher, pointing to underlying strength in the economy....
U.S. economy added a fewer-than-forecast 235,000 jobs in August Unemployment Rate: 5.2% vs 5.2% Average Hourly Earnings: 0.6% vs 0.3% expected
August Payrolls 235K, Exp. 725K
The dollar edged lower in early European trading Friday, trading near a one-month low, with all eyes on the release of the monthly U.S. jobs report given its potential impact on Federal Reserve policy. Nonfarm payrolls are expected to rise by 750,000 in August, with the unemployment rat...
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