Jeremy Oles

Published On: 31/08/2025
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By Published On: 31/08/2025
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
01:30🇦🇺2 pointsBuilding Approvals (MoM) (Jul)-4.8%11.9%
01:30🇦🇺2 pointsCompany Gross Operating Profits (QoQ) (Q2)1.0%-0.5%
01:45🇨🇳2 pointsCaixin Manufacturing PMI (MoM) (Aug)49.749.5
08:00🇪🇺2 pointsHCOB Eurozone Manufacturing PMI (Aug)50.550.5
09:00🇪🇺2 pointsUnemployment Rate (Jul)6.2%6.2%
12:00🇪🇺2 pointsECB’s Schnabel Speaks———-———-
17:30🇪🇺2 pointsECB President Lagarde Speaks———-———-

Summary of Upcoming Economic Events on September 1, 2025

Asia – Australia & China

Australia – Building Approvals (MoM, Jul) – 01:30 UTC

  • Forecast: -4.8% (Prev.: +11.9%)
  • Impact: A sharp decline after a strong rebound could signal weakness in housing activity, pressuring AUD and construction-related equities.

Australia – Company Gross Operating Profits (QoQ, Q2) – 01:30 UTC

  • Forecast: +1.0% (Prev.: -0.5%)
  • Impact: A return to profit growth supports corporate balance sheets, positive for AUD and equity sentiment.

China – Caixin Manufacturing PMI (Aug) – 01:45 UTC

  • Forecast: 49.7 (Prev.: 49.5)
  • Impact: Still below 50, suggesting contraction, but slight improvement may reduce market concerns. Key for CNY, commodities, and regional risk appetite.

Europe – Manufacturing & Labor Market

Eurozone – HCOB Manufacturing PMI (Aug) – 08:00 UTC

  • Forecast: 50.5 (Prev.: 50.5)
  • Impact: Holding at the neutral 50.0 line indicates stagnation. A move above 50 could boost EUR and EU equities.

Eurozone – Unemployment Rate (Jul) – 09:00 UTC

  • Forecast: 6.2% (Prev.: 6.2%)
  • Impact: Stable labor market data reinforces ECB’s cautious policy stance.

ECB Speakers – Schnabel at 12:00 UTC; Lagarde at 17:30 UTC

  • Impact: Markets will watch for signals on ECB’s inflation outlook and rate trajectory. Hawkish remarks strengthen EUR, dovish tones weigh on it.

Market Impact Analysis

  • Asia: Australian data split—weak building approvals vs stronger profits. Likely mixed impact on AUD. Chinese PMI remains contractionary, keeping global demand worries alive.
  • Europe: PMI stagnation and flat unemployment highlight weak but stable momentum. ECB speakers will be decisive for EUR moves.
  • Global Risk: With U.S. markets closed for Labor Day, liquidity will be thinner, meaning European and Asian data may have amplified effects on FX and bond markets.

Overall Impact Score: 6/10

  • Why: Moderate significance day. No U.S. macro data, so the focus shifts to Chinese PMI, Eurozone PMI, and ECB commentary. Thin liquidity could exaggerate price reactions, especially in EUR and AUD.