Upcoming economic events 13 August 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	NAB Business Confidence (Jul)	———	4
01:30		2 points	NAB Business Confidence (Jul)	———	4
01:30		2 points	Wage Price Index (QoQ) (Q2)	0.9%	0.8%
09:00		2 points	IEA Monthly Report	———	———
09:00		2 points	New Loans (Jul)	1,280.0B	2,130.0B
09:00		2 points	ZEW Economic Sentiment (Aug)	35.4	43.7
12:30		2 points	Core PPI (MoM) (Jul)	0.2%	0.4%
12:30		3 points	PPI (MoM) (Jul)	0.2%	0.2%
17:15		2 points	FOMC Member Bostic Speaks	———	———
20:30		2 points	API Weekly Crude Oil Stock	———	0.180M

Summary of Upcoming Economic Events on August 13, 2024

1. Australia NAB Business Confidence (Jul): Measures sentiment among Australian businesses. Previous: 4.
2. Australia Wage Price Index (QoQ) (Q2): Quarterly change in wages, indicating wage inflation. Forecast: +0.9%, Previous: +0.8%.
3. US IEA Monthly Report: Provides insights on global oil supply, demand, and market conditions.
4. China New Loans (Jul): Total value of new loans issued. Forecast: 1,280.0B, Previous: 2,130.0B.
5. Eurozone ZEW Economic Sentiment (Aug): Survey measuring investor sentiment and economic outlook in the Eurozone. Forecast: 35.4, Previous: 43.7.
6. US Core PPI (MoM) (Jul): Monthly change in the Producer Price Index, excluding food and energy. Forecast: +0.2%, Previous: +0.4%.
7. US PPI (MoM) (Jul): Monthly change in the Producer Price Index, a measure of wholesale inflation. Forecast: +0.2%, Previous: +0.2%.
8. FOMC Member Bostic Speaks: Provides insights into the Federal Reserve’s policy stance and economic outlook.
9. US API Weekly Crude Oil Stock: Weekly change in US crude oil inventories. Previous: +0.180M.

Market Impact Analysis

• Australia NAB Business Confidence: Higher confidence supports AUD; lower confidence may signal business caution.
• Australia Wage Price Index: Rising wages suggest inflationary pressures, potentially leading to tighter monetary policy, which supports AUD.
• US IEA Monthly Report: Insights on oil supply and demand can influence oil prices and energy sector stocks.
• China New Loans: A significant decrease in new loans may signal tightening credit conditions, potentially impacting CNY and economic growth.
• Eurozone ZEW Economic Sentiment: Lower sentiment may indicate waning confidence in the Eurozone economy, potentially impacting EUR.
• US PPI Data: Higher-than-expected PPI may suggest rising inflationary pressures, influencing Fed policy expectations and impacting USD.
• US API Crude Oil Stock: Changes in oil inventories can influence oil prices and energy markets.

Overall Impact

• Volatility: Moderate to high, with potential reactions in equity, bond, commodity, and currency markets.
• Impact Score: 7/10, indicating a high potential for market movements.