ECB Guindos Speech

In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate.

Greek Cypriot Day

Bank Holiday - Annual Accounts Closing

Exports YoY

-7.5%

Imports YoY

3.6%

Balance of Trade

-5300000000

South Korea is heavily dependent on international trade with the biggest trading partners including China, the US and Japan. The country has been recording consistent trade surpluses since 2008 with the exception of 2022 when the war in Ukraine increased substantially the bill for imports of oil and food.

Fed Cook Speech

In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.

Baker Hughes Total Rig Count

US Total Rigs refer to the number of active US rigs drilling in a given week.

Baker Hughes Oil Rig Count

US Crude Oil Rigs refer to the number of active US rigs drilling for oil in a given week.

Quarterly Grain Stocks - Wheat

1280000000

Quarterly Grain Stocks - Corn

10809000000

Quarterly Grain Stocks - Soy

3022000000

Prospective Plantings - Soy

90955000

Prospective Plantings - Corn

89490000

Prospective Plantings - Wheat

47351000

Prospective Plantings - Cotton

12234000