Upcoming economic events 25 July 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
10:00		2 points	Eurogroup Meetings	———	———
12:30		2 points	Continuing Jobless Claims	———	1,867K
12:30		2 points	Core Durable Goods Orders (MoM) (Jun)	0.2%	-0.1%
12:30		2 points	Core PCE Prices (Q2)	———	3.70%
12:30		3 points	Durable Goods Orders (MoM) (Jun)	0.4%	0.1%
12:30		3 points	GDP (QoQ) (Q2)	1.9%	1.4%
12:30		2 points	GDP Price Index (QoQ) (Q2)	2.6%	3.1%
12:30		2 points	Goods Trade Balance	———	-100.62B
12:30		3 points	Initial Jobless Claims	239K	243K
12:30		2 points	Retail Inventories Ex Auto	———	0.0%
15:00		2 points	ECB President Lagarde Speaks	———	———
17:00		2 points	7-Year Note Auction	———	4.276%
20:30		2 points	Fed’s Balance Sheet	———	7,208B
23:30		2 points	Tokyo Core CPI (YoY) (Jul)	2.2%	2.1%

Summary of Upcoming Economic Events on July 25, 2024

1. Eurogroup Meetings: Discussions by Eurozone finance ministers on economic policies.
2. US Continuing Jobless Claims: Number of individuals receiving unemployment benefits. Previous: 1,867K.
3. US Core Durable Goods Orders (MoM) (Jun): Change in the total value of new orders for long-lasting manufactured goods, excluding transportation. Forecast: +0.2%, Previous: -0.1%.
4. US Core PCE Prices (Q2): Measure of the prices paid by consumers for goods and services, excluding food and energy. Previous: +3.70%.
5. US Durable Goods Orders (MoM) (Jun): Monthly change in the total value of new orders for long-lasting manufactured goods. Forecast: +0.4%, Previous: +0.1%.
6. US GDP (QoQ) (Q2): Quarterly change in the total value of goods and services produced in the US. Forecast: +1.9%, Previous: +1.4%.
7. US GDP Price Index (QoQ) (Q2): Measure of the change in prices for goods and services included in GDP. Forecast: +2.6%, Previous: +3.1%.
8. US Goods Trade Balance (Jun): Difference between exports and imports of goods. Previous: -$100.62B.
9. US Initial Jobless Claims: Number of new unemployment claims. Forecast: 239K, Previous: 243K.
10. US Retail Inventories Ex Auto: Monthly change in retail inventories excluding automobiles. Previous: +0.0%.
11. ECB President Lagarde Speaks: Insights into the ECB’s economic outlook and policy stance.
12. US 7-Year Note Auction: Investor demand for 7-year US Treasury notes. Previous: 4.276%.
13. Fed’s Balance Sheet: Weekly update on the Federal Reserve’s assets and liabilities. Previous: 7,208B.
14. Japan Tokyo Core CPI (YoY) (Jul): Annual change in the core consumer price index for Tokyo, excluding fresh food. Forecast: +2.2%, Previous: +2.1%.

Market Impact Analysis

• Eurogroup Meetings: Discussions may influence EUR; significant decisions or comments could impact Eurozone markets.
• US Jobless Claims: Lower claims suggest a strong labor market, supporting USD; higher claims indicate potential economic issues.
• US Core Durable Goods Orders: Positive growth supports manufacturing and USD; declines may signal economic concerns.
• US Core PCE Prices: Key inflation indicator for the Fed; rising prices may lead to tighter monetary policy.
• US Durable Goods Orders: Reflects business investment; positive figures support economic outlook and USD.
• US GDP (QoQ): Higher GDP growth boosts economic confidence and USD; lower growth could raise recession concerns.
• US GDP Price Index: Measures inflation within GDP; higher values indicate rising inflationary pressures.
• US Goods Trade Balance: A higher deficit could weaken USD; a lower deficit may support USD.
• ECB President Lagarde Speaks: Comments could provide insights into future ECB policy; dovish tones may support markets, hawkish tones could increase volatility.
• US 7-Year Note Auction: Strong demand supports bonds, lowering yields; weak demand could raise yields and affect equities.
• Japan Tokyo Core CPI: Higher inflation supports JPY; lower values suggest weaker price pressures.

Overall Impact

• Volatility: High, with significant potential reactions in equity, bond, currency, and commodity markets.
• Impact Score: 8/10, indicating a high potential for market movements.