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Crude oil reserves. USA, 22:30 (GMT+2) 09 May

09May.202321:30

Crude oil reserves. 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. Previously, the statistics recorded a correction to –3.939M barrels, and the continuation of the trend may support oil prices.

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Trade balance. China, 05:00 (GMT+2)
09 May. 2023 04:00
Trade balance. China, 05:00 (GMT+2)

At 05:00 (GMT+2), April data on the trade balance will be published in China. The indicator captures the difference between the amount of payments for exported and imported goods. The indicator is expected to decrease from 88.19B US dollars to 74.30B US dollars, which may put pressure on the yuan quotes.

Consumer price index. Germany, 08:00 (GMT+2)
10 May. 2023 07:00
Consumer price index. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2), April data on the consumer price index will be released in Germany. It is the main indicator of inflation in the country which reflects the change in retail prices for a certain “basket” of goods and services: food, transport, utilities, healthcare, and so on, having a significant impact on monetary policy decisions. The consumer price index is expected to fall from 7.4% to 7.2% YoY, and from 0.8% to 0.4% MoM.

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