Oil Reserves Report from API. USA, 22:30 (GMT+2) 07 Jun

07Jun.202221:30

Oil Reserves Report from API. USA, 22:30 (GMT+2)

At 22:30 (GMT+2), the American Petroleum Institute (API) will release its weekly report on oil reserves, gasoline, and distillates in the US. A decrease in the indicator traditionally leads to an increase in the "black gold" rate. The last time statistics recorded a significant decline to –1.181M barrels. A continuation of this trend may support energy prices.

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07 Jun. 2022 15:00

Ivey PMI. Canada, 16:00 (GMT+2)

At 16:00 (GMT+2), May data on the Ivey business activity index will be released in Canada. The indicator reflects the state of business activity in the national manufacturing industry and is calculated based on a survey of purchasing and supply managers of leading national enterprises in all industries. At the same time, their attitude to the current economic situation and the prospects for its further development is assessed. The decrease in the index from the current value of 66.3 points may pressure the Canadian currency.

08 Jun. 2022 00:50

Gross Domestic Product. Japan, 01:50 (GMT+2)

At 01:50 (GMT+2), Japan's gross domestic product data for the first quarter of 2022 will be released. It is the main indicator reflecting the state of the national economy, which considers domestic consumption, investment, government spending, and exports. The Japanese economy is expected to shrink from –0.2% to –0.3% QoQ and by –0.1% YoY. The implementation of the forecast may put pressure on the yen.

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