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).
Oil is narrowly mixed in Asia as China manufacturing PMI ensures support
On Thursday, oil was narrowly mixed in Asia because market sentiment was backed regionally by China's official manufacturing PMI. However, the market is currently powered by the stoppages as well as damaged provoked by Hurricane Harvey along the American Gulf Coast.
October delivery crude futures declined 0.02% in New York being worth $45.95 a barrel. Meanwhile, in London Brent crude futures soared 0.08% trading at $50.77 a barrel.
In Japan, July’s provisional industrial output data went down 0.8%, which is more than a 0.5% sag expected.
In China, the official manufacturing Purchasing Managers' Index in China hit 51.7 in August, surpassing hopes, as data issued on Thursday disclosed.
Experts surveyed by Reuters expected China to report August’s official PMI of 51.3, which is a bit down from July’s outcome of 51.4. An outcome above 50 stands for expansion. On the contrary, a reading below indicates contraction.
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?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
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.