OPEC on Tuesday raised its forecast for global oil demand next year and trimmed its forecast for growth in supply from the United States and other producers outside the wider OPEC+ group, pointing to a tighter market outlook. World oil demand will rise by 1.38 million barrels per day in 2026, the...
Hong Kong stocks plunged 332 points (-1.3%) to 25,192 in Friday morning trading, extending their decline into a second session. Selling pressure spread across most sectors, particularly financials, technology, and consumer discretionary, as regional risk appetite weakened. Sentiment was weighed...
The U.S. Census Bureau will release the country's Retail Sales report on Friday. Market analysts expect headline Retail Sales to grow 0.5% monthly in July, following a slightly higher increase in June, indicating that consumption remains strong. Consumers appear to have flocked to shopping malls,...
Gold prices are expected to decline for the week on Friday (August 15th), as higher-than-expected US inflation data dampened expectations for a 50 basis point (bps) Fed rate cut in September. Spot gold prices rose 0.1% to $3,339 per ounce at 02:44 GMT. Bullion prices have fallen 1.8% over the...
Federal Reserve Chair Jerome Powell will give a speech on the economic outlook and the Fed's review of its policy framework next Friday at the Kansas City Fed's annual central banking conference in Jackson Hole, Wyoming, the Fed said on Thursday. Powell's speech comes as data showing some impact...
Time | Country | Figures | Previous | Actual |
---|---|---|---|---|
06.50 | JPN | Prelim GDP Price Index y/y | 3.3% | 3.0% |
06.50 | JPN | Prelim GDP q/q | 0.0% | 0.3% |
08.30 | CHN | New Home Prices m/m | -0.27% | -0.31% |
09.00 | CHN | Industrial Production y/y | 6.8% | 5.7% |
09.00 | CHN | Retail Sales y/y (CHN) | 4.8% | 3.7% |