IFO Business Climate Index. Germany, 10:00 (GMT+2) 25 Jul

25Jul.202409:00

IFO Business Climate Index. Germany, 10:00 (GMT+2)

At 10:00 (GMT+2) the July German IFO Business Climate Index will be published, based on a survey of the CEOs of 7.0 thousand enterprises in the manufacturing industry, the construction sector, wholesale and retail trade. The indicator is likely to rise from 88.6 points to 88.9 points, which could have a positive impact on the position of the European currency.

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24 Jul. 2024 15:30

EIA Crude Oil Inventories. USA, 16:30 (GMT+2)

At 16:30 (GMT+2), the US Energy Information Administration (EIA) will publish a weekly Crude Oil Inventories report containing data on changes in the volume of crude oil, as well as gasoline and distillates in the United States. A correction is expected from −4.870 million barrels to 0.700 million barrels, which could put pressure on the "black gold" rate.

25 Jul. 2024 09:00

M3 Money Supply. EU, 10:00 (GMT+2)

At 10:00 (GMT+2), June data on the M3 Money Supply in the eurozone will be published. It calculates all currency in circulation, bank deposits, repurchase agreements, and the value of money market shares. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rate. On an annualized basis, the value is expected to rise from 1.6% to 1.9%.

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