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API crude oil stocks. USA, 22:30 (GMT+2) 14 May

14May.202421:30

API crude oil stocks. USA, 22:30 (GMT+2)

At 22:30 (GMT+2), a weekly report on the amount of oil reserves, gasoline, and distillates volumes from the American Petroleum Institute (API) is due. The last time statistics recorded a correction to 0.509M barrels of crude oil, and the continuation of this trend may support oil quotes.

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US Fed Chairman Jerome Powell speaks. USA, 16:00 (GMT+2)
14 May. 2024 15:00
US Fed Chairman Jerome Powell speaks. USA, 16:00 (GMT+2)

At 16:00 (GMT+2), the head of the US Fed System (US Fed) Jerome Powell will give a speech. The official can share his vision of the current situation in the American economy against ongoing geopolitical tensions and hint at the regulator’s further actions in the field of monetary policy.

Gross domestic product. EU, 11:00 (GMT+2)
15 May. 2024 10:00
Gross domestic product. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), data on the EU Q1 gross domestic product (GDP) is due – the main indicator reflecting the state of the national economy and taking into account domestic consumption, investment, government spending, and exports. It is likely that the figure will be consolidated at 0.4% YoY and will increase from 0.0% to 0.3% QoQ.

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