Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | | Previous |
| 01:30 |  | 2 points | CPI (MoM) (Aug) | 0.1% | 0.4% |
| 01:30 | | 2 points | CPI (YoY) (Aug) | -0.2% | 0.0% |
| 01:30 | | 2 points | PPI (YoY) (Aug) | -2.9% | -3.6% |
| 12:30 |  | 2 points | Core PPI (MoM) (Aug) | 0.3% | 0.9% |
| 12:30 | | 3 points | PPI (MoM) (Aug) | 0.3% | 0.9% |
| 14:30 | | 3 points | Crude Oil Inventories | ———- | 2.415M |
| 14:30 | | 2 points | Cushing Crude Oil Inventories | ———- | 1.590M |
| 17:00 | | 3 points | 10-Year Note Auction | ———- | 4.255% |
| 17:00 | | 2 points | Atlanta Fed GDPNow (Q3) | 3.0% | 3.0% |
| 23:50 |  | 2 points | BSI Large Manufacturing Conditions (Q3) | -3.3 | -4.8 |
Summary of Upcoming Economic Events on September 10, 2025
Asia – China & Japan
China – CPI & PPI (Aug) – 01:30 UTC
- CPI (MoM): 0.1% (prev 0.4%)
- CPI (YoY): -0.2% (prev 0.0%)
- PPI (YoY): -2.9% (prev -3.6%)
- Impact: Continued weak CPI highlights deflationary pressures in China, bearish for CNY and commodities. Slightly less negative PPI suggests factory-gate prices may be stabilizing. Global equities may see risk-off if deflation fears deepen.
Japan – BSI Large Manufacturing Conditions (Q3) – 23:50 UTC
- Forecast: -3.3 (prev -4.8)
- Impact: Improvement from Q2 but still negative, signaling contraction. Market reaction likely modest, but persistent weakness reinforces concerns over Japan’s industrial outlook and JPY safe-haven flows.
United States – Inflation, Energy & Bonds
Core PPI & PPI (Aug) – 12:30 UTC
- Forecast: +0.3% (prev +0.9%)
- Impact: Slower PPI growth would ease inflation concerns, supportive for bonds and equities but potentially bearish for USD. A surprise upside would strengthen USD and Treasury yields, increasing Fed hawkishness.
Crude Oil Inventories – 14:30 UTC
- Previous: +2.415M
- Impact: Builds tend to weigh on oil prices, while draws support them. Energy sector equities and CAD are sensitive.
Cushing Crude Oil Inventories – 14:30 UTC
- Previous: +1.590M
- Impact: Regional storage data influences WTI price spreads and short-term volatility.
10-Year Note Auction – 17:00 UTC
- Previous Yield: 4.255%
- Impact: Strong demand → lower yields, USD support, equities relief. Weak demand → higher yields, risk-off, potential equity pressure.
Atlanta Fed GDPNow (Q3) – 17:00 UTC
- Forecast: 3.0% (same)
- Impact: Confirms steady U.S. growth outlook. Stability supports equities but reduces urgency for Fed cuts.
Market Impact Analysis
- Asia: China CPI/PPI will drive sentiment on deflation vs stabilization. Risk-sensitive assets (AUD, equities, commodities) may react strongly.
- U.S.: Inflation via PPI is the highlight. Lower readings calm markets, while higher readings reignite Fed tightening fears. Oil inventories add commodity volatility. The 10-year auction could significantly move yields and equities.
- Japan: Data is secondary, modest yen influence unless results surprise.
Overall Impact Score: 8/10
- Why: China deflation data + U.S. inflation and bond market events create a highly impactful session for global markets.
