Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | Building Approvals (MoM) (Jul) | 2.4% | -6.5% |
| 01:30 | | 2 points | Company Gross Operating Profits (QoQ) (Q2) | -0.6% | -2.5% |
| 01:45 |  | 2 points | Caixin Manufacturing PMI (Aug) | 50.0 | 49.8 |
| 08:00 |  | 2 points | HCOB Eurozone Manufacturing PMI (Aug) | 45.6 | 45.6 |
Summary of Upcoming Economic Events on September 2, 2024
- Australia Building Approvals (MoM) (Jul) (01:30 UTC): Monthly change in the number of new building approvals. Forecast: +2.4%, Previous: -6.5%.
- Australia Company Gross Operating Profits (QoQ) (Q2) (01:30 UTC): Quarterly change in gross operating profits of Australian companies. Forecast: -0.6%, Previous: -2.5%.
- China Caixin Manufacturing PMI (Aug) (01:45 UTC): Measures activity in China’s manufacturing sector. Forecast: 50.0, Previous: 49.8.
- Eurozone HCOB Eurozone Manufacturing PMI (Aug) (08:00 UTC): Measures activity in the Eurozone’s manufacturing sector. Forecast: 45.6, Previous: 45.6.
Market Impact Analysis
- Australia Building Approvals: An increase would indicate a recovery in the housing sector, supporting AUD and signaling economic growth. A further decline could indicate continued weakness in the construction industry.
- Australia Company Gross Operating Profits: A smaller decline in profits would suggest improvement in business conditions, supporting AUD. A larger decline might indicate ongoing challenges for Australian companies.
- China Caixin Manufacturing PMI: A PMI reading of 50.0 indicates no change, suggesting stabilization in the manufacturing sector. A figure below 50 suggests contraction, which could pressure CNY and impact global markets, particularly commodities.
- Eurozone Manufacturing PMI: A reading below 50 indicates contraction in the manufacturing sector, potentially impacting EUR. A stable or rising PMI would suggest some improvement or stabilization in the sector.
Overall Impact
- Volatility: Moderate, with potential reactions in equity, currency, and commodity markets, especially related to AUD, CNY, and EUR.
- Impact Score: 6/10, indicating moderate potential for market movements.
