- U.S. Interest rates may not be high enough to quell a recent bout of inflation, Philadelphia Federal Reserve President Charles Plosser said on Thursday.
- First-time U.S. jobless claims fell 17,000 to 302,000 last week, the Labor Department said Thursday.
- Statistics Canada estimated Canada's wheat crop at 26.3 million tons, down 2% YoY.
- The European Central Bank increased its interest rate from 3.00% to 3.25%.
- OPEC reportedly decided to cut production by 1 million barrels a day.
- The U.S. DoE said that underground supplies of natural gas were up 73 billion cubic feet last week to 3.327 trillion cubic feet.
- Conflicting opinions arose on Thursday whether the European Central Bank had sold its full 500-t yearly quota of gold under the five-year Central Bank Gold Agreement.
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