Financial markets are still unstable. Most of the specialists believe that this year will be year of “bears”. Problems in China economy, falling oil prices… And now after sanctions were lifted from Iran, one more very strong player on the oil market will arrive. Definitely, the prices for oil will go down further. Iran is promising up to one million of barrels per day in the nearly future. And they plan to increase it to two millions of barrels per day from autumn. Mideast stocks are already dropped. Will it pull down the other markets? Will see on the coming week.
(All times are GMT)
On Tuesday, at 2:00am will be published China statistics – GDP and Industrial Production from China National Bureau of Statistics.
At 9:30am we will get information about Consumer Price Index (CPI) from UK Office for National Statistics.
At 10:00am German ZEW Economic Sentiment from Zentrum fur Europaische Wirtschaftsforschung will be released.
At 9:45pm Statistics New Zealand will announce Consumer Price Index (CPI) data.
On Wednesday, at 9:30am UK Office for National Statistics will announce data from labor market – Average Earnings Index and Claimant Count Change.
At 1:30pm we are waiting information from US Bureau of Labor Statistics about monthly CPI and Core CPI.
Simultaneously, at 1:30pm Building Permits in US will be published by Census Bureau.
The same time, at 1:30pm monthly Manufacturing Sales will be provided by Statistics Canada.
At 3:00pm Bank of Canada will release Overnight Rate, Rate Statement and Monetary Policy Report. Changes of Overnight Rate are expected, so it may cause a big volatility.
At 3:30pm Crude Oil Inventories will be provided by US Energy Information Administration.
At 4:15pm Bank of Canada Governor and Senior Deputy Governor hold a press-conference.
On Thursday, at 12:45pm European Central Bank will announce Minimum Bid Rate.
At 1:30pm ECB President and Vice President will give their vision of future monetary policy at ECB Press Conference.
The same time, at 1:30pm Philly Fed Manufacturing Index will be released by Federal Reserve Bank of Philadelphia.
At 1:30pm US Department of Labor will announce number of Unemployment Claims – the number of individuals who filed for unemployment insurance for the first time during the past week.
On Friday, at 8:00am French Flash Manufacturing PMI will be released by Markit.
At 8:30am the German Flash Manufacturing PMI also will be provided by Markit.
At 9:30am Great Britain’s Office for National Statistics will inform us about monthly Retail Sales.
At 1:30pm Statistics Canada will issue statistics about monthly Core Retail Sales and Core CPI.