Market calendar

Superseded: the NBS calendar sets the October PMI release for Friday 30 October. Use the 30 Oct row.

First monthly read on Chinese factory activity; drives metals and commodity prices.

First BoJ meeting after September's hike; the quarterly Outlook Report lands the same day.

Comes with the BoJ's quarterly growth and inflation projections.

Weekly change in US crude stockpiles, a driver of oil prices.

A build or draw in US crude stocks moves oil prices, and with them fuel and freight costs.

China's benchmark lending rate — moves metals, commodities and India's China-linked sectors.

The monthly read on Chinese factory output and consumer demand, released alongside GDP.

China's quarterly growth rate — drives commodity demand expectations and Asian equity sentiment. Released alongside the September activity data.

Pushed from Wednesday to Thursday noon because of the Columbus Day holiday.

Shows whether Chinese demand is reflating or still soft.

Weekly US stockpile change - the main short-term swing factor for crude prices.

Private-survey read on Chinese factories; date may shift for the Golden Week holiday. Drives metals and commodity sentiment.

Weekly US stockpile change - the main short-term swing factor for crude prices.

China's factory pulse sets the tone for commodities, metals and Asian markets.

Weekly US stockpile change - the main short-term swing factor for crude prices.

A higher yen policy rate lifts Japanese bond yields and pressures the global carry trade.

A higher yen policy rate lifts Japanese bond yields and pressures the global carry trade.

Commercial crude stocks fell to 423.4M bbl, 1% above the five-year average; WTI settled the week at $101.27.

Factories beat but shoppers and builders did not - a strong-supply, weak-demand split that caps commodity demand.

Commercial crude stocks slipped to 424.1M bbl, in line with the five-year average — a read on US oil demand.

Factory-gate inflation beat at 3.8% on commodity costs and tech demand; core CPI edged up to 1%.

Auto exports rose 43% and semiconductor exports 129.8% — a read on global goods demand ahead of the holiday season.

The group paused its monthly hikes while it reviews member capacity to set 2027 baselines — a supply signal for crude prices.

Beat the 50.6 consensus; services hiring rose for a fourth month, the longest run since 2023.

Week to Aug 28: stocks fell to 424.5M bbl, about 1% above the 5-year average.

Private-survey counterpart to the official PMI — skews to smaller exporters.

China's factory gauge stayed below 50, the line between expansion and contraction; non-manufacturing was 49.0.

Crude stocks 428.9M barrels, about 1% above the five-year average; gasoline drew 2.5M.

China's benchmark lending rate sets mortgage and corporate loan pricing; no cut since May 2025.

A second straight build, but far smaller than last week's 17.4M surge. Rising stocks weigh on crude prices.

Tracks US oil supply/demand balance — a driver of crude prices.

US commercial crude stocks rose ~3.0M bbl (vs a ~1.9M draw expected) — a bearish surprise on softer demand.

Private-survey read (now RatingDog-branded) on China's smaller exporters — stayed in expansion at 50.9 even as the official NBS PMI fell to 49.2.

BoJ held its policy rate at 1.00% (8-1 vote; Takata dissented for a 25bp hike) and signalled readiness to hike further. BoJ policy shifts ripple through the yen and global carry trades.

Both back below 50: factory PMI 49.2 (lowest since Feb, ends a 4-month expansion) and non-manufacturing 49.0 (sharpest drop in 3+ years) — a bellwether for global demand and commodities.

Week to Jul 24: stocks 404.5M bbl, ~7% below the 5-yr average — a draw after last week's +2.0M build. Moves crude prices and energy stocks.

Crude stocks rose for the week to Jul 17, reversing the prior week's draw.

Crude stocks fell 1.7M bbl to 409.7M (~6% below the 5-yr average), swinging back to a draw after last week's build — supportive for oil prices.