The Us Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on June 3, 15:30 MT time (GMT+3).
Crude inches up as markets consider busy data week
On Monday, oil tacked on in Asia, with market participants paying attention to quite busy week of data points on demand and supply.
American West Texas Intermediate crude futures rallied 0.26% being worth $49.42 a barrel. At the same time Brent futures added 0.20% trading at $55.73 a barrel.
Japanese markets are still unavailable, while China returns from a week-long holiday.
In the week ahead, investors will closely watch fresh weekly data on American stockpiles of crude as well as refined products on Wednesday and Thursday in order to further assess the real impact of recent storm activity was on demand and supply.
The reports emerged one day later than usual because of the Columbus Day holiday in the USA on Monday.
Besides this, crude traders are going to focus on monthly data from the OPEC members and also the International Energy Agency to evaluate global crude supply as well as demand levels.
The Organization of Petroleum Exporting Countries will hold a meeting on June 2.
This week started with the talk of the United States banning Russian oil exports, so XBR/USD saw $130 a barrel. Then the ban became reality. What does it really mean for the market?
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…