API weekly crude oil stock. USA, 22:30 (GMT+2) 13 Aug

13Aug.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, it changed from –4.495M barrels to 0.180M barrels, and the continuation of this dynamic may put pressure on the oil price.

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13 Aug. 2024 13:30

Producer price index. US, 14:30 (GMT+2)

At 14:30 (GMT+2), the US Producer Price Index for July is due. The indicator reflects the change in the price of goods at the wholesale level (raw materials, semi-finished goods and finished goods are taken into account). Higher prices for producers contribute to the growth of consumer inflation in the region. It may stay at 0.2% MoM and fall from 2.6% to 2.3% YoY, while the core indicator may change from 3.0% to 2.5% YoY and from 0.4% to 0.2% MoM.

14 Aug. 2024 03:00

Interest rate decision. New Zealand, 04:00 (GMT+2)

At 04:00 (GMT+2), the Reserve Bank of New Zealand will announce its interest rate decision. The regulator is likely to keep the value at 5.50%. In the accompanying statement and at the subsequent press conference, an assessment of the current situation and the near-term economic prospects in the context of geopolitical tensions, as well as hints at further actions of the financial authorities, may be announced.

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