Baker Hughes oil rig count. USA, 19:00 (GMT+2) 17 May

17May.202418:00

Baker Hughes oil rig count. USA, 19:00 (GMT+2)

At 19:00 (GMT+2), data on the number of active oil rigs from Baker Hughes is due. The weekly report records changes in the amount of oil production capacity in the United States. Earlier, the number of towers dropped to 496, supporting oil price.

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17 May. 2024 10:00

Consumer price index. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), April data on the consumer price index of EU countries is due. It is the main indicator of inflation and determines changes in retail prices for a certain “basket” of goods and services: food, transport, utility costs, healthcare, and so on, and has a significant impact on the decision of the financial regulator in the field of monetary policy. The consumer price index may fall from 0.8% to 0.6% MoM and stay at 2.4% YoY, while the core reading may adjust from 1.1% to 0.7% MoM and from 2.9% to 2.7% MoM.

20 May. 2024 01:30

Westpac Banking Corp. Consumer Sentiment Index. Australia, 02:30 (GMT+2)

At 02:30 (GMT+2), the consumer sentiment index from the country's largest bank, Westpac Banking Corp., will be published in Australia. This indicator measures the level of confidence in economic activity and is compiled on the basis of a survey of about 1.2 thousand respondents who are asked to assess its prospects in the future. If the indicator continues its negative dynamics from the current -2.4%, this will act as a catalyst for the depreciation of the national currency.

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