Economic Calendar: U.S. Economic Data and Inventory Reports in Focus

Markets will focus on U.S. economic indicators today, particularly wholesale inventories and advance goods trade balance data. The EIA inventory reports will also be closely watched given recent oil price volatility. The focus will be particularly on the U.S. trade balance and inventory data as markets assess economic momentum heading into 2025.

Economic Releases

08:00 AM GMT, Spain - Retail Sales:

YoY Forecast: 3%, Previous: 3.5%

13:30 PM GMT, United States:

Wholesale Inventories MoM Advance - Forecast: 0.1%, Previous: 0.2%
Retail Inventories Ex-Auto Advance - Forecast: 0.1%, Previous: 0.1%
Advance Goods Trade Balance - Forecast: -101.3B, Previous: -98.28B

14:30 PM GMT, EIA Inventory Reports:

Natural Gas Change - Previous: -0.93M
Crude Oil Inventories - Previous: -0.834M
Gasoline Inventories - Previous: 2.348M
Distillate Inventories - Previous: -3.180M
Crude Cushing Inventories - Previous: 1.038M

18:00 PM GMT, United States:

Baker Hughes Oil Rig Count
Baker Hughes Total Rig Count

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