Crude oil inventories. USA, 16:30 (GMT+2) 12 Jul

12Jul.202315:30

Crude oil inventories. USA, 16:30 (GMT+2)

At 16:30 (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, as well as gasoline and distillates in the US. A correction from the current –1.508M barrels to –2.156M barrels is expected, which may support oil quotes.

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12 Jul. 2023 15:00

Interest rate decision. Canada, 16:00 (GMT+2)

At 16:00 (GMT+2), the Bank of Canada will announce its interest rate decision. It is expected that the regulator will increase the value from 4.75% to 5.00% as part of the “hawkish” monetary policy aimed at slowing down inflation. 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.

12 Jul. 2023 19:00

Beige Book. USA, 20:00 (GMT+2)

At 20:00 (GMT+2), the US Federal Reserve System will publish the Beige Book economic report. It characterizes the state of the economy in the twelve federal districts of the country and contains information on all types of industry, agriculture, corporate and consumer spending, the real estate market, and other indicators at the moment. The document is issued eight times a year before the scheduled meetings of the Federal Open Market Committee of the US Federal Reserve (FOMC).

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