Next week, we expect a shower of market-shifting economic events. Some examples include a Retail Sales m/m report (AUD), Manufacturing PMI report (GBP), and a Trade Balance statement (CAD). Please find the full list of events below.
After a promising report from the week before it seems like we are about to face yet another dry spell on the economic front. Among the most notable events for next week are a GDP m/m report from Canada, a Crude Oil Inventories statement from the USA, and an ANZ Business Confidence.
The most recent US sanctions on Russia’s oil and gas ventures left senators perplexed as the country now gears towards besting its record-high barrel output in July. What is keeping Russia’s oil economy afloat at a time of growing economic uncertainty?