17-Week Bill Auction

3.855%

Interest Rate Decision

3.75%

In Poland interest rates decisions are taken by the National Bank of Poland (Narodowy Bank Polski, NBP). The official interest rate is the Reference Rate.

Redbook YoY

9.6%

The Johnson Redbook Index is a sales-weighted of year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9,000 stores. Same-store sales are sales in stores continuously open for 12 months or longer. By dollar value, the Index represents over 80% of the equivalent 'official' retail sales series collected and published by the US Department of Commerce. Redbook compiles the Index by collecting and interpreting performance estimates from retailers. The Index and its sub-groups are sales-weighted aggregates of these estimates. Weeks are retail weeks (Sunday to Saturday), and equally weighted within the month.

ADP Employment Change Weekly

11750

The preliminary estimate of the ADP National Employment Report reflects weekly changes in private employment and includes a four-week moving average of total private employment variation.

Inflation Rate MoM

0.03%

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

PPI MoM

-0.03%

In Mexico, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

PPI YoY

2.56%

Core Inflation Rate MoM

0.23%

Inflation Rate YoY

3.12%

In Mexico, the most important categories in the CPI basket are Nonfood Goods (19.7 percent of the total weight); Housing (18.7 percent) and Other Services (18.4 percent). Food, Beverages and Tobacco account for 14.8 percent and Energy for 9.5 percent. Others include: Products subsidized by the government (5.3 percent); Education (5.1 percent); Meat and Eggs (4.8 percent) and Fruits and Vegetables (3.7 percent). The CPI index has a base of 100 as of December of 2010. The national index tracks 46 large, medium and small cities.

Core Inflation Rate YoY

3.95%

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

Monetary Policy Meeting Minutes

In Hungary, interest rates decisions are taken by the Monetary Council of the Hungarian National Bank (Magyar Nemzeti Bank). The main interest rate is the base rate.

MBA Mortgage Applications

0.8%

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

732.6

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 Mortgage Market Index

247.3

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

157.8

MBA 30-Year Mortgage Rate

6.79%

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.

Balance of Trade

-3632000000

Portugal runs regular trade deficits. Machinery and mechanical appliances are the main group of products exported and imported, and also the group with the largest trade deficit. On the other hand, the largest commercial surpluses are in the transactions of Mineral products, Cellulose pulp and paper, Clothing and Footwear. In terms of traded goods, Industrial supplies is the main traded category. Spain, France and Germany are the main external customers and suppliers of goods to Portugal, accounting for 50.9% of total exports and 52% of imports. Spain is Portugal's largest partner (weight of 26.7% in exports and 32.8% in imports). Transactions with Spain record the largest trade deficit, while the largest surplus is with France. Outside the EU, the United States is the main customer while China is the main Extra-EU supplier of goods.

Foreign Exchange Reserves

255490000000

In Mexico, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.

10-Year Bund Auction

3.26%

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.

6-Month DTB Auction

5.2%

12-Month BOT Auction

2.768%

2037 SGB Auction

3.1595%

Balance of Trade

-826300000

Trade is an integral part of the recent economic success of Cyprus, as the island nation falls short of being self-sufficient for food and fuel. As such, Cyprus is a net importer of fuels, raw materials, heavy machinery and transportation equipment. Cyprus mostly exports citrus fruits, cement, potatoes, clothing and pharmaceuticals. Cyprus' largest, and most important, trading partner is the European Union, which accounts for 50% of all Cypriot trade flows, followed by the Middle East, destination for 20% of exports from Cyprus. In the European Union, the UK and Greece account for the largest share of trade due to historical connections. Recent discoveries of offshore gas will likely diminish Cyprus' need for importing energy and lead to a shift in the composition of its exports.

Inflation Rate YoY

3.4%

In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (21 percent of total weight); housing (16 percent); and transport (14 percent). The index also includes: hotels, cafés and restaurants (10 percent); health (8 percent); miscellaneous goods and services (7 percent); and clothing and footwear (6 percent). Household equipment, alcoholic beverages, tobacco, communication, recreation and culture, and education account for the remaining 19 percent of total weight.

Inflation Rate MoM

-1.4%

In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (17 percent of total weight); transport (13 percent); housing (12 percent) and hotels, cafés and restaurants (11 percent). The index also includes: clothing and footwear (9 percent); health (7 percent); furnishing and household equipment (7 percent); recreation and culture (5 percent); communication (5 percent). Education, alcoholic beverages, tobacco and other goods and services account for the remaining 14 percent of total weight.

Harmonised Inflation Rate YoY

2.7%

The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.

2041 Bond Auction

0.619%

2058 Bond Auction

0.402%

Industrial Production MoM

-0.1%

In France, 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 and beverages (13 percent of total production); machinery and equipment goods (13 percent), of which computer, electronic and optical products (5 percent); basic metals and fabricated metal products (12 percent); other manufacturing, repair and installation of machinery and equipment (12 percent); transport equipment (10 percent); rubber and plastics products, and other non-metallic mineral products (8 percent); and chemicals and chemical products (6 percent). Electricity, gas, steam and air conditioning account for 11 percent of total output, Water supply, sewerage, waste management and remediation account for 1 percent and Mining and quarrying account also for 1 percent.

Balance of Trade

-2948000000

Romania's main exports are machinery and transport equipment (45% of total) followed by raw materials and miscellaneous manufactured articles like textiles and footwear. Romania imports machinery and transport equipment, raw materials, chemicals, and fuels. More than 70% of exports and imports are with other European Union members with Italy, Germany, and France being the most important.

PPI YoY

23.4%

In Norway, the Producer Price Index measures the price development of first hand sales of products to the Norwegian market, from Norwegian production and export. Manufacturing prices account for 54 percent of the total index. The biggest segments within Manufacturing prices are: Food, beverages and tobacco (12 percent), refined petroleum products (8 percent) machinery and equipment (6 percent) and basic metals (5 percent). Extraction and related services account for 41 percent, Electricity, gas and steam account for 4 percent and Mining and quarrying account for 1 percent.

Machine Tool Orders YoY

50.4%

Machine Tool Orders in Japan measure the change in the total value of new orders placed with machine tool manufacturers.

Balance of Trade

1900000000

International trade makes a third of Finland’s GDP. Finnish principal exports are: telecommunications equipment, passenger cars and forestry products and paper and paperboard. Finnish principal imports are food stuffs, petroleum and petroleum products, chemicals, transport equipment, iron and steel, machinery, textile yarn and fabrics and grains. European Union makes 55 percent of the total trade. The largest trade flows are with Germany, Russia, Sweden, China and U.S.

Household Consumption YoY

1.7%

In the Netherlands, Household Consumption YoY measures the year-on-year change of consumption expenditure by households. Consumption expenditure includes all voluntary expenditure on goods and services by private individuals and households. It does not include compulsory expenditure such as taxes. Services is the most important sector and accounts for 58 percent of total consumption. The biggest segments within Services are housing; financial and business services; transport, communication services; and medical services and welfare. Consumption of goods account for the remaining 42 percent, in particular durable consumer goods (15 percent) and food, beverages and tobacco (15 percent).

6-Month Bill Auction

1.1753%

BoJ JGB Purchase

In Japan, the "core core" inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes prices of fresh food and energy.

Consumer Confidence

116.8

In Indonesia, the Consumer Confidence Index (CCI) measures consumer’s expectations about current income and job availability against those 6 months ago, appropriate time to buy durable goods, and general economic conditions and job availability expectations in the next 6 months. The index is based on a survey of around 4600 middle up class households in major cities (those cities cover about 78 percent of GDP). Data is collected through phone interviews and direct visits. The two main components of the Index are the current economic condition index and the consumer expectation index. The CCI is computed as a net balance obtained from the difference between percentage on ’increase’ answer and percentage on ’decrease’ answer. An index above 100 indicates an improving outlook and below 100 a deteriorating outlook.

Inflation Rate MoM

-0.1%

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

Inflation Rate YoY

0.5%

In China, the most important components of the CPI basket are Food (31.8 percent of total weight) and Residence (17.2 percent). Recreation, Education and Culture Articles account for 13.8 percent; Transportation and Communication for 10 percent, Healthcare and Personal Articles for 9.6 percent, Clothing for 8.5 percent; Households Facilities, Articles and Services for 5.6 percent; Tobacco, Liquor and Articles for the remaining 3.5 percent. The CPI basket is reviewed every five years on the basis of household surveys. Revisions reflect new spending patterns and economic development, according to the National Bureau of Statistics. Last revision took place in 2011.

PPI YoY

3.5%

In China, producer prices change measures the average annual change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Motorbike Sales YoY

8.3%

Car Sales YoY

33.3%

In Indonesia, Total Car Sales refers to total domestic sales of new passenger cars.

RBNZ Silk Speech

In New Zealand, interest rates decisions are taken by the Reserve Bank of New Zealand. The official interest rate is the Official Cash Rate (OCR). The OCR was introduced in March 1999 and is reviewed eight times a year by the Bank. The OCR influences the price of borrowing money in New Zealand and provides the Reserve Bank with a means of influencing the level of economic activity and inflation.

Unemployment Rate

2.8%

In South Korea, the seasonally adjusted unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Reuters Tankan Index

18

The Reuters Tankan is a monthly survey of leading Japanese companies, and it was formally known as Telerate Tankan until it was renamed after the acquisition of Quick Money line Telerate Corp. by Thomson Reuters Group. It covers a panel of 200 manufacturers and 200 non-manufacturers. The monthly figures are designed to provide early indications of the BOJs quarterly tankan. The indexes are derived by subtracting the percentage of respondents who say business conditions are poor from the percentage of those who say they are good.

Consumer Credit Change

14560000000

In the United States, Consumer Credit refers to outstanding credit flows extended to individuals for household, family, and other personal expenditures, excluding loans secured by real estate.

3-Year Note Auction

4.291%

6-Week Bill Auction

3.735%