Baker Hughes oil rig count. USA, 19:00 (GMT+2) 16 Jun

16Jun.202318:00

Baker Hughes oil rig count. USA, 19:00 (GMT+2)

At 19:00 (GMT+2), data on the number of active oil rigs from Baker Hughes will be published. The weekly report captures the change in the US oil production capacities. Previously, the number of towers rose to 556 units, and the continuation of the trend may put pressure on oil quotes.

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16 Jun. 2023 15:00

Michigan Consumer Sentiment. USA, 16:00 (GMT+2)

At 16:00 (GMT+2) in the US, May data on changes in the consumer confidence index from the University of Michigan will be published. The indicator is calculated monthly based on a telephone survey of at least 500 US households and captures consumer spending that is part of economic activity. The value is expected to rise from 59.2 points to 60.0 points.

19 Jun. 2023 13:30

Commodity price index. Canada, 14:30 (GMT+2)

At 14:30 (GMT+2), the May commodity price index will be published in Canada. Unlike the Industrial Price Index, this indicator includes purchase items not made in Canada, and all costs incurred by the buyer of raw materials are included in its calculation, including the goods, transportation costs, net taxes paid, and customs duties. If the value drops from 2.9% MoM and from –10.8% YoY, it will negatively affect the Canadian dollar.

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