Economic calendar: UK inflation at 3.5%, EIA report and 20-year US Treasury auction
The day began with data from Japan and the United Kingdom: Japanese exports rose 16.7% year on year and the trade deficit stood at JPY 536.6 bn. UK inflation rose to 3.5% year on year, above the 3.4% forecast, while core inflation reached 2.8%. Later, Canada's CPI, the EIA crude inventory report —with a forecast drop of 1.2 million barrels— and a 20-year US Treasury debt auction are due.
In 35 seconds
- UK inflation accelerated to 3.5% year on year, above the 3.4% expected, and core inflation to 2.8%.
- Japanese exports rose 16.7% year on year, below the 20.1% forecast, with a trade deficit of JPY 536.6 bn.
- The market expects a 1.2 million barrel drop in EIA crude inventories.
Read the full story at XTB.com
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.
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