Date GMT+01:00 |
Event | Previous | Forecast | Actual | |||||||||||||||
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Oct, 17 10:00 |
★★ |
Consumer Price Index Core
Consumer Price Index Core
CPI is the key gauge for inflation in the Eurozone. Inflation, simply put, is a decline in the purchasing power of the Euro, where each Euro buys fewer goods and services due to higher consumer prices. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Eurozone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected, the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. As a rule, the Bank adjusts rates in order to keep Europe consumer price inflation in the 0 to 2 percent range. |
2.3% | 2.3% | - | ||||||||||||||
Oct, 17 13:30 |
★ |
Foreign Securities Purchases
Foreign Securities Purchases
Summarizes the flow of stocks, bonds, and money market funds to and from Canada. |
26.69 | - | - | ||||||||||||||
Oct, 17 18:00 |
★ |
Baker Hughes U.S. Rig Count
Baker Hughes U.S. Rig Count
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.
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547 | - | - |