API weekly crude oil stock. USA, 22:30 (GMT+2) 09 Jul

09Jul.202421:30

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

At 22:30 (GMT+2), the weekly report on oil reserves, gasoline, and distillate volumes from the American Petroleum Institute (API) is due. Earlier, the statistics recorded a correction to –0.150M barrels from –9.163M barrels, and the trend continuation will put pressure on oil prices.

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09 Jul. 2024 16:00

Speech by US Fed Chairman Jerome Powell. USA, 17:00 (GMT+2)

At 17:00 (GMT+2), US Fed Chairman Jerome Powell will give a speech. The official may share his vision of the current situation in the US economy against ongoing geopolitical tensions and hint at further actions of the regulator in monetary policy against slowing inflation.

10 Jul. 2024 02:30

Consumer Price Index. China, 03:30 (GMT+2)

At 03:30 (GMT+2) in China, June data on the Consumer Price Index will be published, which is a key indicator of inflation in the country, reflecting changes in retail prices for a certain basket of goods and services (food, transport, utility costs, healthcare, etc.). It has a significant impact on monetary policy decisions. On an annual basis, the value is likely to adjust from 0.3% to 0.4%, and on a monthly basis — from –0.1% to 0.0%.

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