Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | | Previous |
| 01:30 |  | 2 points | Building Approvals (MoM) (Jul) | -4.8% | 11.9% |
| 01:30 | | 2 points | Company Gross Operating Profits (QoQ) (Q2) | 1.0% | -0.5% |
| 01:45 |  | 2 points | Caixin Manufacturing PMI (MoM) (Aug) | 49.7 | 49.5 |
| 08:00 |  | 2 points | HCOB Eurozone Manufacturing PMI (Aug) | 50.5 | 50.5 |
| 09:00 | | 2 points | Unemployment Rate (Jul) | 6.2% | 6.2% |
| 12:00 | | 2 points | ECB’s Schnabel Speaks | ———- | ———- |
| 17:30 | | 2 points | ECB 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.
