API weekly crude oil stocks. USA, 23:30 (GMT+2) 05 Mar

05Mar.202422:30

API weekly crude oil stocks. USA, 23:30 (GMT+2)

At 23:30 (GMT+2), a weekly report on the amount of oil reserves, gasoline, and distillate volumes will be published by the American Petroleum Institute (API). The last time statistics recorded a correction to 8.428M barrels of crude oil, and the continuation of this trend may put pressure on oil prices.

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05 Mar. 2024 15:45

Service PMI. USA, 16:45 (GMT+2)

At 16:45 (GMT+2), the February index of business activity in the services sector will be published in the United States. The indicator reflects the state of business activity in the service sector based on a survey of 400 supply managers at non-manufacturing enterprises. At the same time, their attitude to the current economic situation and prospects for its further development is assessed. It is predicted that the indicator will decrease from 52.5 points to 51.3 points.

06 Mar. 2024 01:30

Gross domestic product. Australia, 02:30 (GMT+2)

At 02:30 (GMT+2), Q4 data on Australia’s gross domestic product (GDP) will be published. It is the main indicator reflecting the state of the national economy and taking into account domestic consumption, investment, government spending, and exports. Australia’s economy is expected to grow from 0.2% to 0.3% QoQ and adjust from 2.1% to 1.5% YoY, putting pressure on the Australian dollar.

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