OPEC report, Fed's Barr speech top Tuesday's economic calendar

As traders approach another pivotal day for financial markets on Tuesday, September 10, 2024, a series of crucial economic reports and speeches are expected to sway market dynamics. The OPEC Monthly Report, a speech by Federal Reserve Vice Chair for Supervision Michael Barr, and the EIA Short-Term Energy Outlook are among the key events that could influence investor sentiment and market trends.


Major Economic Events to Watch

• 7:00 AM ET - OPEC Monthly Report: Provides detailed analysis of key developments impacting oil market trends in world oil demand, supply, and market balance.

• 10:00 AM ET - Fed Vice Chair for Supervision Barr Speaks: Remarks from a key Federal Reserve official that may offer insights into monetary policy and financial regulation.

• 12:00 PM ET - EIA Short-Term Energy Outlook: Offers forecasts for consumption, supply, trade, and prices across major fuel types, with emphasis on U.S. energy markets.


Other Important Economic Events to Watch

• 1:00 PM ET - 3-Year Note Auction (Previous: 3.810%): Indicator of government debt situation and investor demand for Treasury securities.

• 4:30 PM ET - API Weekly Crude Stock (Previous: -7.400M): Provides an overview of U.S. petroleum demand and inventory levels.


Other Economic Events to Watch

• 6:00 AM ET - NFIB Small Business Optimism (Forecast: 93.6, Previous: 93.7): Indicates the health of small businesses in the U.S.

• 8:55 AM ET - Redbook (Previous: 6.3%): Sales-weighted measure of year-over-year same-store sales growth in large U.S. general merchandise retailers.


For further information and the latest updates, please refer to our Economic Calendar, here https://www.investing.com/economic-calendar/


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Source: Investing.com