Upcoming economic events 2 July 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	RBA Meeting Minutes	———	———
03:35		2 points	10-Year JGB Auction	———	1.048%
09:00		2 points	Core CPI (YoY)	2.8%	2.9%
09:00		3 points	CPI (YoY) (Jun)	2.5%	2.6%
09:00		2 points	CPI (MoM)	———	0.2%
09:00		2 points	Unemployment Rate (May)	———	6.4%
13:30		3 points	Fed Chair Powell Speaks	———	———
13:30		2 points	ECB President Lagarde Speaks	———	———
14:00		3 points	JOLTs Job Openings (May)	———	8.059M
20:30		2 points	API Weekly Crude Oil Stock	———	0.914M
23:50		2 points	Tankan All Big Industry CAPEX	———	4.0%
23:50		2 points	Tankan Big Manufacturing Outlook Index	13	10
23:50		2 points	Tankan Large Manufacturers Index	12	11
23:50		2 points	Tankan Large Non-Manufacturers Index	33	34

Summary of Upcoming Economic Events on July 2, 2024

1. RBA Meeting Minutes (Australia): Details from the Reserve Bank of Australia’s recent meeting.
2. 10-Year JGB Auction (Japan): Auction of Japanese government bonds, previous yield 1.048%.
3. Core CPI (YoY) (Eurozone): Measures annual core inflation. Forecast: 2.8%, Previous: 2.9%.
4. CPI (YoY) (Jun) (Eurozone): Measures overall annual inflation. Forecast: 2.5%, Previous: 2.6%.
5. CPI (MoM) (Eurozone): Monthly inflation change. Previous: 0.2%.
6. Unemployment Rate (May) (Eurozone): Percentage of unemployed people. Previous: 6.4%.
7. Fed Chair Powell Speaks (US): Speech by the US Federal Reserve Chair.
8. ECB President Lagarde Speaks (Eurozone): Remarks from the ECB President.
9. JOLTs Job Openings (May) (US): Number of job vacancies. Previous: 8.059 million.
10. API Weekly Crude Oil Stock (US): Weekly oil inventory levels. Previous: 0.914 million barrels.
11. Tankan CAPEX (Japan): Expected capital expenditure. Previous: 4.0%.
12. Tankan Manufacturing Outlook (Japan): Future outlook for big manufacturers. Forecast: 13, Previous: 10.
13. Tankan Manufacturing Index (Japan): Current business conditions for large manufacturers. Previous: 11.
14. Tankan Non-Manufacturing Index (Japan): Current business conditions for large non-manufacturers. Previous: 34.

Market Impact Analysis

• RBA Minutes: Insights into Australia’s economic policy; minimal impact unless unexpected.
• 10-Year JGB Auction: Stable yields support market confidence; changes impact bonds.
• Eurozone Core CPI and CPI: Inflation data; stability supports markets, deviations impact ECB policy.
• Eurozone Unemployment: Stable rates support confidence; deviations affect economic outlook.
• Fed Chair Powell and ECB President Lagarde Speeches: Key remarks can cause significant market moves.
• JOLTs Job Openings: Indicates US job market health; stable figures support confidence.
• API Crude Oil Stock: Affects oil prices; significant changes impact energy markets.
• Tankan Indices (Japan): Reflect business conditions and outlook; stability supports confidence, changes affect sentiment.

Overall Impact

• Volatility: Moderate, potential spikes from key speeches and data deviations.
• Impact Score: 6/10, indicating notable potential for market movements, especially from key inflation data and speeches by Fed Chair Powell and ECB President Lagarde.