The main events of the day

On Wednesday, February 7, will be a small amount of news, among which is worth highlighting the publication of data on oil reserves in the US and the publication of the RBNZ protocol.

The market is focused on the dynamics of stock indices.

At 09:00 – the volume of industrial production in Germany (m/m), the forecast is -0.4%, the previous value is 3.4%.

At 10:30 – data on real estate in the UK:
– The index of housing prices in the UK from Halifax (y/y), the forecast is 2.4%, the previous value is 2.7%.
– The index of housing prices in the UK from Halifax (m/m), the forecast is 0.2%, the previous value is -0.6%.

At 15:30 – announcement of the construction permits in Canada (m/m), the forecast is 2.0%, the previous value is -7.7%.

At 17:30 – data on oil reserves in the US:
– Reserves of crude oil in the US, the forecast is 2.860M, the previous value is 6.776M.
– Data on surplus oil reserves in Cushing (Oklahoma, USA), the previous value is -2.224M.

At 22:00 – the results of the RBNZ meeting:
– The decision of the Reserve Bank of New Zealand on the interest rate, the forecast is 1.75%, the previous value is 1.75%.
– Report on the Monetary Policy of the Reserve Bank of New Zealand.
– Statement of the Reserve Bank of New Zealand.
– Speech by the manager of the Reserve Bank of New Zealand Spencer.

Hanzenko Anton