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 rebounds in Asia with eyes on OPEC gathering
On Monday, oil rebounded in Asia ahead of a July 24 gathering on OPEC as well as allies to review progress on output drops.
September delivery American West Texas Intermediate crude futures leapt 0.15% hitting $45.84 a barrel. In London, September delivery Brent crude futures grew 0.21% being worth $48.16 a barrel.
On Wednesday, the major US bank will provide its fresh view on rates ahead of the first look at American second quarter surge on Friday.
Last week, on Friday, oil prices settled lower for the second trading session in a row, concluding at its weakest level in nearly a week because market sentiment soured amid signs that supply from OPEC was braced for climbing notwithstanding the cartel's agreement to tame output.
On Friday, crude declined after tanker-tracking firm PetroLogistics informed that in July crude output from OPEC members was expected to soar by 145,000 barrels a day from last month.
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…