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Oil rose after the biggest weekly drop since February after OPEC+ kingpin Saudi Arabia hiked selling prices for grades to Asia for the third month in a row, signaling confidence in the outlook as the cartel cuts supply. Brent crude climbed above $83 a barrel after a 7.3% drop last week, with West Texas Intermediate at more than $78. State-owned Saudi Aramco ...
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Phillip Lane (Dublin, 1959) is one of the six members of the Executive Board of the European Central Bank , along with President Christine Lagarde and Vice President Luis de Guindos . Lane speaks softly and precisely. It is evident that he makes an effort to choose his words well, and not only because at the time of the interview given to El Confidencial, on April 30, there were only five weeks left until the next ECB monetary policy meeting, in which Everyone expects a drop in interest rates from the current 4.5% . It would be the first since December 2015. If it occurs, it will put an end to the stage of increases that began in July 2022, to contain inflation that worsened considerably after the Russian invasion of Ukraine in February of that year, but that had already been several months above the 2% target. Lane makes it clear that his level of confidence in a lowering of the price of money has increased in the last month and admits that it would be a surprise if this did not occur but he also sends other messages. Although he rejects any specific comm post: LANE FROM ECB: APRIL SLOWDOWN IN SERVICES INFLATION MARKS SIGNIFICANT PROGRESS post: ECB'S LANE: CONFIDENCE ON INFLATION IMPROVING post: ECB'S LANE: EXAGGERATING IMPACT OF ECB, FED DIVERGENCE NOT NECESSARY post: ECB'S LANE: FED DECISIONS HAVE LIMITED IMPACT ON EURO AREA
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Oil prices plunge nearly 10.7% off yearly high- largest weekly range / decline since late-January. • Crude bulls searching support at December uptrend- risk for downside exhaustion in the days ahead. • WTI Resistance 79.75-80.31, 81.52, 84.57-85.33- Support 77.66-78.55, 75.31, 73.00/74. Oil prices plunged more than 6% this week with WTI poised to mark a ...
Date | 6:25am | Impact | Detail | Actual | Forecast | Previous | Graph | ||
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6:25am | Actual | ||||||||
Mon May 6 | |||||||||
Mon May 6 | 3:55am | GE Final Services PMI | 53.2 | 53.3 | 53.3 | ||||
7:30am | BZ Gov Budget Balance | -2.0B | -48.7B | ||||||
8:25am | SZ SNB Chairman Jordan Speaks | ||||||||
Tue May 7 | |||||||||
Tue May 7 | 12:30am | AU Cash Rate | 4.35% | 4.35% | |||||
AU RBA Monetary Policy Statement | |||||||||
AU RBA Rate Statement | |||||||||
1:30am | AU RBA Press Conference | ||||||||
Tentative | US Short-Term Energy Outlook | ||||||||
4:30pm | US API Weekly Statistical Bulletin |