Upcoming economic events 12 August 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	NAB Business Confidence (Jul)	———	4
09:00		2 points	New Loans (Jul)	1,280.0B	2,130.0B
11:00		2 points	OPEC Monthly Report	———	———
15:00		2 points	NY Fed 1-Year Consumer Inflation Expectations (Jul)	———	3.0%
16:00		2 points	WASDE Report	———	———
18:00		2 points	Federal Budget Balance (Jul)	-254.3B	-66.0B

Summary of Upcoming Economic Events on August 12, 2024

1. Australia NAB Business Confidence (Jul): Measures sentiment among Australian businesses. Previous: 4.
2. China New Loans (Jul): Total value of new loans issued. Forecast: 1,280.0B, Previous: 2,130.0B.
3. US OPEC Monthly Report: Provides insights on global oil supply, demand, and market conditions.
4. US NY Fed 1-Year Consumer Inflation Expectations (Jul): Measures consumers’ expectations for inflation over the next year. Previous: 3.0%.
5. US WASDE Report: Monthly report on World Agricultural Supply and Demand Estimates, impacting agricultural markets.
6. US Federal Budget Balance (Jul): Difference between government revenue and expenditure. Forecast: -254.3B, Previous: -66.0B.

Market Impact Analysis

• Australia NAB Business Confidence: Higher confidence supports AUD; lower confidence may indicate business caution.
• China New Loans: A significant decrease in new loans could signal tightening credit conditions, potentially impacting CNY and economic outlook.
• US OPEC Monthly Report: Insights on oil supply and demand can influence oil prices and energy sector stocks.
• US NY Fed Consumer Inflation Expectations: Rising expectations could signal future inflationary pressures, impacting USD and monetary policy outlook.
• US WASDE Report: Influences agricultural markets, particularly commodities like wheat, corn, and soybeans.
• US Federal Budget Balance: A larger deficit could raise concerns about government spending and impact USD.

Overall Impact

• Volatility: Moderate, with potential reactions in equity, bond, commodity, and currency markets.
• Impact Score: 6/10, indicating a moderate potential for market movements.