2-Year FRN Auction

0.099%

17-Week Bill Auction

3.61%

ECB Tuominen 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

-5436000

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

EIA Crude Oil Stocks Change

6156000

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

EIA Distillate Stocks Change

-2527000

EIA Refinery Crude Runs Change

63000

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

EIA Gasoline Production Change

-462000

EIA Cushing Crude Oil Stocks Change

944000

Change in the number of barrels of crude oil held in storage at the Cushing, Oklahoma storage hub excluding the Strategic Petroleum Reserve during the past week.

EIA Heating Oil Stocks Change

-81000

EIA Crude Oil Imports Change

-692000

EIA Distillate Fuel Production Change

-75000

Business Confidence

-13.7

In Belgium, the business confidence survey measures the level of optimism that people who run companies have about the current economic situation and how they feel about their organizations’ prospects in the next three months. Every month, a panel of around 6000 business leaders is contacted.

SNB Quarterly Bulletin

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.

Import Prices YoY

-0.1%

In the United States, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.

Export Prices YoY

2.6%

In the United States, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates.

Export Prices MoM

0.6%

In the United States, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates.

Import Prices MoM

0.2%

In the United States, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.

Current Account

-226400000000

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).

M3 Money Supply YoY

11.5%

India Money Supply M3 includes M2 plus long-term time deposits in banks.

MBA Mortgage Market Index

347.1

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

172.9

MBA Mortgage Applications

-10.9%

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.

MBA Mortgage Refinance Index

1341

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 30-Year Mortgage Rate

6.3%

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.

FGV Consumer Confidence

86.1

IBRE/FGV's monthly Consumer Confidence Survey is designed to capture the sentiment of consumers about the general state of economy and their personal finances. Happy and optimistic consumers are likely to spend more; unhappy and pessimistic consumers spend less. Consumer confidence can thus operate to induce or reduce economic growth. Monitoring consumer sentiment can produce signals about future spending and saving that are useful for anticipating what will happen to the economy in the short run. The IBRE/FGV studies obtain, among other information, consumer assessments and forecasts about the local and family economic situation at the time and for the following months, employment prospects, and intentions and likelihood of buying high-value goods in the next six months. The Consumer Confidence Survey was started in 2002, and data are collected from over 2,000 informants in seven major state capitals: Belo Horizonte, Brasilia, Porto Alegre, Recife, Salvador, Rio de Janeiro, and São Paulo.

30-Year Bund Auction

3.45%

15-Year Bund Auction

3.09%

6-Month DTB Auction

6.15%

15/20-Year Bund Auction

15/20/30-Year Bund Auction

10-Year BTP€i Auction

1.51%

2-Year BTP Short Term Auction

2.16%

5-Year BTP€i Auction

0.84%

2035 SGB Auction

2.7718%

2036 SGB Auction

2.6844%

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.

ECB Lane 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.

Economic Sentiment Index

9.8

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 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.

Ifo Business Climate

88.6

In Germany, the IFO Business Climate Index measures entrepreneurs’ sentiment about current business situation and their expectations for the next 6 months. The survey is made by phone and covers 9,000 firms in manufacturing, the service sector, trade and construction. The Business Climate Balance is constructed as the difference between the percentage share of executives that are optimistic and the share that are pessimistic. This balance can take values between -100 (all responding firms assess their situation as poor and expect business to deteriorate) and +100 (all responding firms assessed their situation as good and expect an improvement in their business). For the calculation of the IFO Business Climate Index, the Balance is normalized to the average of a base year (currently 2015).

Ifo Current Conditions

86.7

Assessment of the Business Situation.

Ifo Expectations

90.5

Expectations With Regard to Business Developments in the Next 6 Months.

ECB Montagner 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.

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.

Monetary Policy Meeting Minutes

In Sweden, benchmark interest rate is set by the Executive Board of the Central Bank of Sweden (The Riksbank). The main interest rate is the repo rate which is the rate of interest at which banks can borrow or deposit funds at the Riksbank for a period of seven days. The Riksbank's target is to hold inflation in terms of the CPIF (the CPI with a fixed interest rate) around 2 percent a year.

Consumer Confidence

96.3

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.

Economic Tendency Indicator

100.1

In Sweden, the Economic Tendency Indicator aims to measure current sentiment in the Swedish economy. This indicator is based on the information contained in the confidence indicators for the manufacturing industry, the service sector, the building and civil engineering industry, the retail trade, and consumers. The different sectors have been weighted to reflect their impact on economic activity best: manufacturing 40 percent, services 30 percent, construction 5 percent, retail 5 percent, and consumers 20 percent. The EU uses the same weights to calculate the ESI.

Business Confidence

104.7

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.

PPI YoY

-2.9%

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 Output MoM

0%

In the United Kingdom, Producer Price Inflation MoM measures the month-over-month price changes of goods bought and sold by manufacturers and provides an important measure of inflation. The factory gate price (the output price) is the price of goods sold by UK manufacturers. It includes costs such as labour, raw materials and energy, as well as interest on loans, site or building maintenance, or rent and excludes taxes.

PPI Input YoY

-0.2%

The input price measures the price of materials and fuels bought by UK manufacturers for processing. It includes materials and fuels that are both imported or sourced within the domestic market. It is not limited to materials used in the final product but includes what is required by businesses in their normal day-to-day running, such as fuels.

PPI Input MoM

0.4%

The input price measures the price of materials and fuels bought by UK manufacturers for processing. It includes materials and fuels that are both imported or sourced within the domestic market. It is not limited to materials used in the final product but includes what is required by businesses in their normal day-to-day running, such as fuels.

PPI Core Output YoY

2.9%

In the United Kingdom, the Core Producer Price Index is a monthly survey that measures the price changes of goods bought and sold by manufacturers excluding food, beverages, tobacco and petroleum products.

PPI Core Output MoM

0.2%

In the United Kingdom, the Core Producer Price Index is a monthly survey that measures the price changes of goods bought and sold by manufacturers excluding food, beverages, tobacco and petroleum products.

Inflation Rate YoY

3%

In United Kingdom, the most important categories in the Consumer Price Index are: Transport (14%), Housing & Utilities (14%), and Recreation & Culture (13%). Food & Non-alcoholic Beverages account for 12%, Restaurants & Hotels for 11%, Miscellaneous Goods & Services for 9%¸ Furnishings, Household Equipment & Routine Maintenance of the House for 8%, and Clothing & Footwear for 6%. Others include: Alcoholic Drinks, Tobacco & Narcotics (5%), Education (3%), Communication (3%) and Health (2%).

Core Inflation Rate MoM

-0.6%

In the United Kingdom, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.

Core Inflation Rate YoY

3.1%

In the United Kingdom, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.

Inflation Rate MoM

-0.5%

Inflation Rate MoM measures month over month change in the price of goods and services.

Retail Sales YoY

3.8%

In Denmark, 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

0.7%

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

PPI YoY

-2%

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

2.4%

In Sweden, 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.

Retail Price Index YoY

3.8%

In the UK, the RPI index covers only private households but excludes the top 4% of households by income and pensioner households who receive at least three-quarters of their income from benefits. The index was initially developed as a compensation index, derived from an index designed as an aid to protect ordinary workers from price increases associated with the First World War. The RPI provides estimates of inflation from 1947 onwards with the first official release of consumer price inflation being produced in January 1956. Until the introduction of the UK CPI in 1996, the RPI and its derivatives were the only measures of UK consumer price inflation available to users.

Retail Price Index MoM

-0.5%

In the UK, the RPI index covers only private households but excludes the top 4% of households by income and pensioner households who receive at least three-quarters of their income from benefits. The index was initially developed as a compensation index, derived from an index designed as an aid to protect ordinary workers from price increases associated with the First World War. The RPI provides estimates of inflation from 1947 onwards with the first official release of consumer price inflation being produced in January 1956. Until the introduction of the UK CPI in 1996, the RPI and its derivatives were the only measures of UK consumer price inflation available to users.

PPI Output YoY

2.5%

In the United Kingdom, the Producer Price Index (PPI) is a monthly survey that measures the price changes of goods bought and sold by manufacturers and provides an important measure of inflation. The factory gate price (the output price) is the price of goods sold by UK manufacturers. It includes costs such as labour, raw materials and energy, as well as interest on loans, site or building maintenance, or rent and excludes taxes..

RBA Jones Speech

In Australia, interest rates decisions are taken by the Reserve Bank of Australia's Board. The official interest rate is the cash rate. The cash rate is the rate charged on overnight loans between financial intermediaries, is determined in the money market as a result of the interaction of demand for and supply of overnight funds.

Inflation Rate YoY

3.8%

In Australia, the most important categories in the consumer price index are housing (23 percent of the total weight), food and non–alcoholic beverages (17 percent), transport (11 percent), furnishings, household equipment and services (9 percent), alcohol and tobacco (9 percent), recreation and culture (9 percent), health (7 percent) and insurance and financial services (6 percent). Clothing and footwear, education and communication account for remaining 10 percent of total weight.

Inflation Rate MoM

0.4%

Inflation Rate MoM measures month over month change in the price of goods and services.

RBA Trimmed Mean CPI MoM

0.3%

In Australia, the trimmed mean CPI is the weighted average of the central 70% of price changes in the Consumer Price Index (CPI) basket, after excluding the 15% of items with the largest increases and decreases. By removing extreme price movements, this measure provides a clearer view of underlying inflation trends in the Australian economy.

RBA Trimmed Mean CPI YoY

3.4%

In Australia, the trimmed mean CPI is the weighted average of the central 70% of price changes in the Consumer Price Index (CPI) basket, after excluding the 15% of items with the largest increases and decreases. By removing extreme price movements, this measure provides a clearer view of underlying inflation trends in the Australian economy.

CPI

101.33

In Australia, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services.

RBA Weighted Median CPI MoM

0.3%

In Australia, the weighted median CPI is the inflation rate of the expenditure class at the 50th percentile of price changes in the CPI basket, based on their weight. It represents the midpoint of the distribution of price changes, where half of the basket’s weight experiences price changes at or below this level, and half experiences price changes at or above it.

RBA Weighted Median CPI YoY

3.6%

In Australia, the weighted median CPI is the inflation rate of the expenditure class at the 50th percentile of price changes in the CPI basket, based on their weight. It represents the midpoint of the distribution of price changes, where half of the basket’s weight experiences price changes at or below this level, and half experiences price changes at or above it.

National Holiday

Greek Independence 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.

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.

Consumer Confidence

112.1

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

6600000

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

2-Year Note Auction

3.455%

Money Supply

22440000000000

The United States Money Supply M2 includes M1 plus short-term time deposits in banks.

Bundesbank Theurer Speech

Germany is a member of the European Union which has adopted the euro. Germany's benchmark interest rate is set by the European Central Bank. The official designation for the rate is main refinancing operation.