EIA Crude Oil Report. USA, 17:30 (GMT+2) 07 Dec

07Dec.202216:30

EIA Crude Oil Report. USA, 17:30 (GMT+2)

At 17:30 (GMT+2), the Energy Information Administration of the US Department of Energy (EIA) will publish a weekly report containing data on changes in the volume of crude oil and gasoline, and distillates in the US. The increase in reserves, as a rule, leads to pressure on oil prices. A correction is expected from the current –12.580M barrels to –3.884M barrels, which may pressure the "black gold" quotes.

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07 Dec. 2022 16:00

Interest rate decision. Canada, 17:00 (GMT+2)

At 17:00 (GMT+2), the Bank of Canada will announce its interest rate decision. It is expected that the regulator will increase it from 3.75% to 4.25% to curb inflationary pressure. The accompanying statement may contain an assessment of the current situation and immediate prospects for the Canadian economy, as well as hints at further actions by the financial authorities.

08 Dec. 2022 00:50

Gross domestic product. Japan, 01:50 (GMT+2)

At 01:50 (GMT+2), data on Japan's Q3 gross domestic product will be released. It is the main indicator reflecting the state of the national economy; it considers domestic consumption, investment, government spending, and exports. It is expected that the value will decrease from the current 0.9% to –0.3% QoQ and be adjusted from –1.2% to –1.1% YoY. Implementation of the forecast may put pressure on the yen quotes.

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