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Research Team at BBH, suggests that the slow news week picks up tomorrow with the RBNZ, SNB and BOE meetings.
Key Quotes
“Friday brings US retail sales. Today’s US wholesale trade report may be used by Q4 GDP trackers because of the information on inventories. There are no Fed speakers until after next week’s FOMC meeting.”
“Late yesterday, the API estimate suggest that US crude oil inventories fell 1.9 mln barrels last week, though Cushing inventories rose 600k barrels. Some are linking Cushing inventories to producers selling product to get it off their books for tax purposes before the end of the year. EIA reports its estimate later today. It is expected to show a 1.3 mln barrel increase.”
Key Quotes
“Friday brings US retail sales. Today’s US wholesale trade report may be used by Q4 GDP trackers because of the information on inventories. There are no Fed speakers until after next week’s FOMC meeting.”
“Late yesterday, the API estimate suggest that US crude oil inventories fell 1.9 mln barrels last week, though Cushing inventories rose 600k barrels. Some are linking Cushing inventories to producers selling product to get it off their books for tax purposes before the end of the year. EIA reports its estimate later today. It is expected to show a 1.3 mln barrel increase.”
