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Oil heads for 7th weekly loss as supply surplus, weak China demand weigh on market. Oil benchmarks were headed for a seventh straight weekly decline on worries over a global supply surplus and weak Chinese demand, although prices recovered ground on Friday after Saudi Arabia and Russia called for more OPEC+ members to join output…
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Asia FX muted with nonfarm payrolls in sight; Yen scales 4-mth peak. Most Asian currencies moved little on Friday as traders positioned for a potentially softer U.S. nonfarm payrolls reading, while the yen sat near a four-month high to the dollar tracking hawkish signals from the Bank of Japan. The yen was the best-performing Asian currency this…
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DATA’S NAME CURRENCY TIME German Final CPI m/m EUR 12:30pm Italian Bank Holiday EUR All Day New Loans CNY 8th-15th M2 Money Supply y/y CNY 8th-15th Consumer Inflation Expectations GBP 3:00pm ECOFIN Meetings EUR All Day Capacity Utilization Rate CAD 7:00pm Average Hourly Earnings m/m USD Non-Farm Employment Change USD Unemployment Rate USD Prelim UoM…
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