Crude oil reserves. USA, 22:30 (GMT+2) 12 Sep

12Sep.202321:30

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

At 22:30 (GMT+2), a weekly report on the amount of oil reserves, gasoline, and distillate volumes from the American Petroleum Institute (API) will be published. The last time statistics recorded a correction of –5.521M barrels, and the continuation of this trend could support oil prices.

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12 Sep. 2023 11:00

ZEW economic sentiment. Germany, 12:00 (GMT+2)

At 12:00 (GMT+2), the September index of business sentiment in Germany from the Center for European Economic Research (ZEW) will be published. The indicator reflects the difference between the share of institutional investors and analysts who are optimistic and pessimistic regarding the development of the national economy. The indicator is expected to accelerate the negative dynamics from −12.3 points to −15.0 points, which may put pressure on the euro quotes.

13 Sep. 2023 07:00

Industrial production. UK, 08:00 (GMT+2)

At 08:00 (GMT+2), July data on industrial production will be published in the UK. The indicator records changes in the volume of production of industrial goods and utilities in the country. The calculation considers the manufacturing and mining industries, as well as the electric power industry. It is expected that the figure will change from 0.7% to 0.5% YoY and from 1.8% to –0.6% MoM, which may negatively affect the pound.

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