# Economic Bulletin Issue 8, 2016

> The ECB's Economic Bulletin for Issue 8 of 2016 reviews the December 8 policy meeting, which confirmed extending the asset purchase programme beyond March 2017. It notes oil prices have risen following the November 30 OPEC agreement while global spare capacity remains abundant.

- Date: 2016-12-22 · published 2016-12-22T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/73655-economic-bulletin-issue-8-2016
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Continued ECB easing supports a weaker euro and firmer dollar, while the OPEC-driven oil rebound raises energy and feed input costs, a combination relevant to feed ingredient pricing.

## Read by commodity

- WTI: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-09-27 | [Economic Bulletin Issue 6, 2018](https://feedsoft.ai/events/63248-economic-bulletin-issue-6-2018.md) | -2.0% | -3.3% |
| EURUSD | 2021-02-04 | [Economic Bulletin Issue 1, 2021](https://feedsoft.ai/events/48854-economic-bulletin-issue-1-2021.md) | +0.9% | +0.2% |
| EURUSD | 2019-04-29 | [Eurozone economic confidence at lowest since 2016 \| The National](https://feedsoft.ai/events/59796-eurozone-economic-confidence-at-lowest-since-2016-the-national.md) | +0.3% | +0.4% |
| EURUSD | 2020-12-10 | [ECB boosts economic stimulus package as Covid-19 hits recovery – The Irish Times](https://feedsoft.ai/events/49857-ecb-boosts-economic-stimulus-package-as-covid-19-hits-recovery-the-irish-times.md) | +0.8% | +0.7% |
| EURUSD | 2024-04-26 | [The euro and depreciation – shake, shake it off \| Oxford Economics](https://feedsoft.ai/events/30945-the-euro-and-depreciation-shake-shake-it-off-oxford-economics.md) | -0.1% | +1.0% |
| WTI | 2019-10-31 | [Oil Jumps Most in Six Weeks on Economic Data, Easing Weekly Loss - Bloomberg](https://feedsoft.ai/events/56746-oil-jumps-most-in-six-weeks-on-economic-data-easing-weekly-loss-bloomberg.md) | +2.4% | +5.8% |
| WTI | 2018-10-14 | [Malaysia’s economic fundamentals still intact, say analysts \| FMT](https://feedsoft.ai/events/62798-malaysia-s-economic-fundamentals-still-intact-say-analysts-fmt.md) | -3.1% | -15.7% |
| WTI | 2016-12-29 | [Stay both commodity and dollar bullish in 2017 – Goldman Sachs — Octa](https://feedsoft.ai/events/73389-stay-both-commodity-and-dollar-bullish-in-2017-goldman-sachs-octa.md) | -0.5% | -1.6% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/economic-bulletin/html/eb201608.en.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.