Upcoming economic events 17 July 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
09:00		2 points	Core CPI (YoY) (Jun)	2.9%	2.9%
09:00		2 points	CPI (MoM) (Jun)	0.2%	0.2%
09:00		2 points	CPI (YoY) (Jun)	2.5%	2.6%
12:30		2 points	Building Permits (Jun)	1.400M	1.399M
12:30		2 points	Housing Starts (MoM) (Jun)	———	-5.5%
12:30		2 points	Housing Starts (Jun)	1.300M	1.277M
13:15		2 points	Industrial Production (YoY) (Jun)	0.3%	0.9%
13:15		2 points	Industrial Production (MoM) (Jun)	———	0.13%
13:35		2 points	Fed Waller Speaks	———	———
14:30		2 points	Crude Oil Inventories	———	-3.443M
14:30		2 points	Cushing Crude Oil Inventories	———	-0.702M
15:15		2 points	Atlanta Fed GDPNow (Q2)	2.5%	2.5%
17:00		2 points	20-Year Bond Auction	———	4.452%
18:00		2 points	Beige Book	———	———
23:50		2 points	Adjusted Trade Balance	-0.82T	-0.62T
23:50		2 points	Exports (YoY) (Jun)	6.4%	13.5%
23:50		2 points	Trade Balance (Jun)	-240.0B	-1,220.1B

Summary of Upcoming Economic Events on July 17, 2024

1. Eurozone Core CPI (YoY) (Jun): Annual change in the core consumer price index. Forecast: +2.9%, Previous: +2.9%.
2. Eurozone CPI (MoM) (Jun): Monthly change in the consumer price index. Forecast: +0.2%, Previous: +0.2%.
3. Eurozone CPI (YoY) (Jun): Annual change in the consumer price index. Forecast: +2.5%, Previous: +2.6%.
4. US Building Permits (Jun): Number of new building permits issued. Forecast: 1.400M, Previous: 1.399M.
5. US Housing Starts (MoM) (Jun): Monthly change in the number of new residential construction projects. Previous: -5.5%.
6. US Housing Starts (Jun): Number of new residential construction projects. Forecast: 1.300M, Previous: 1.277M.
7. US Industrial Production (YoY) (Jun): Annual change in industrial output. Forecast: +0.3%, Previous: +0.9%.
8. US Industrial Production (MoM) (Jun): Monthly change in industrial output. Previous: +0.13%.
9. Fed Waller Speaks: Insights into the Federal Reserve’s policy stance.
10. US Crude Oil Inventories: Weekly change in U.S. crude oil inventories. Previous: -3.443M.
11. Cushing Crude Oil Inventories: Weekly change in crude oil stocks at the Cushing, Oklahoma storage hub. Previous: -0.702M.
12. US Atlanta Fed GDPNow (Q2): Real-time estimate of U.S. GDP growth for Q2. Forecast: +2.5%, Previous: +2.5%.
13. US 20-Year Bond Auction: Reflects investor demand for U.S. 20-year Treasuries. Previous: 4.452%.
14. US Beige Book: Summary of economic conditions from the Federal Reserve.
15. Japan Adjusted Trade Balance (Jun): Adjusted difference between exports and imports. Forecast: -0.82T, Previous: -0.62T.
16. Japan Exports (YoY) (Jun): Annual change in the value of exports. Forecast: +6.4%, Previous: +13.5%.
17. Japan Trade Balance (Jun): Difference between exports and imports. Forecast: -240.0B, Previous: -1,220.1B.

Market Impact Analysis

• Eurozone CPI: Stable inflation figures support the euro (EUR); significant deviations could influence ECB policy expectations.
• US Building Permits and Housing Starts: Stable or improving figures indicate a strong housing market, supporting USD; declines could signal economic slowing.
• US Industrial Production: Growth in production supports economic confidence and USD; declines could indicate industrial weakness.
• Fed Waller Speaks: Comments provide insights into future Fed policy; dovish tone supports market confidence, hawkish tone increases volatility.
• US Crude Oil Inventories: Lower inventories support oil prices; higher inventories could pressure prices down.
• Atlanta Fed GDPNow: Stable GDP estimate supports confidence; significant changes impact market outlook.
• 20-Year Bond Auction: Strong demand supports bonds and lowers yields; weak demand raises yields and impacts equities.
• Beige Book: Provides comprehensive economic insights influencing market sentiment.
• Japan Trade Data: Trade balance and export figures impact JPY; strong exports support economic outlook, deficits raise concerns.

Overall Impact

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