Gross domestic product. Japan, 01:50 (GMT+2) 08 Sep

08Sep.202300:50

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

At 01:50 (GMT+2), Japan’s Q2 gross domestic product (GDP) will be released. It is the main indicator reflecting the state of the national economy; it considers domestic consumption, investment, government spending, and exports. The value is expected to rise from 0.7% to 1.5% QoQ and from 2.7% to 6.0% YoY. Implementation of the forecast may support the quotes of the yen.

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07 Sep. 2023 15:30

Crude oil reserves. 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 is expected from the current –10.584M barrels to –3.267M barrels, which can still support oil quotes.

08 Sep. 2023 07:00

Consumer price index. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2) in Germany, August data on the consumer price index will be published. It is the main indicator of inflation in the country and 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. It is expected that the consumer price index will fall from 6.2% to 6.1% YoY and it will remain at 0.3% MoM.

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