Upcoming economic events 28 August  2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	Private New Capital Expenditure (QoQ) (Q2)	0.8%	-0.1%
01:30		2 points	BoJ Board Member Nakagawa Speaks	———-	———-
11:30		2 points	ECB Publishes Account of Monetary Policy Meeting	———-	———-
12:30		2 points	Continuing Jobless Claims	———-	1,972K
12:30		2 points	Core PCE Prices (Q2)	2.50%	3.50%
12:30		3 points	GDP (QoQ) (Q2)	3.0%	-0.5%
12:30		2 points	GDP Price Index (QoQ) (Q2)	2.0%	3.8%
12:30		3 points	Initial Jobless Claims	231K	235K
14:00		2 points	Pending Home Sales (MoM) (Jul)	-0.3%	-0.8%
17:00		2 points	7-Year Note Auction	———-	4.092%
20:00		2 points	Fed Waller Speaks	———-	———-
20:30		2 points	Fed’s Balance Sheet	———-	6,620B
23:30		2 points	Tokyo Core CPI (YoY) (Aug)	2.6%	2.9%
23:50		2 points	Industrial Production (MoM) (Jul)	-1.2%	2.1%

Summary of Upcoming Economic Events on August 28, 2025

Asia-Pacific – Australia & Japan

Private New Capital Expenditure (QoQ, Q2) – 01:30 UTC

• Forecast: +0.8% (Prev.: -0.1%)
• Impact: A rebound signals stronger business investment, a positive driver for GDP and AUD. Weak results would reinforce concerns about slowing corporate confidence.

BoJ Board Member Nakagawa Speaks – 01:30 UTC

• Impact: Any hints on BoJ’s stance regarding inflation and bond yield controls could influence JPY.

Tokyo Core CPI (YoY, Aug) – 23:30 UTC

• Forecast: 2.6% (Prev.: 2.9%)
• Impact: Tokyo CPI is a leading inflation indicator. A decline supports a dovish BoJ outlook, weighing on JPY; a surprise rebound could strengthen the yen.

Industrial Production (MoM, Jul) – 23:50 UTC

• Forecast: -1.2% (Prev.: +2.1%)
• Impact: A sharp decline would signal weakening Japanese manufacturing momentum, bearish for JPY and regional equities.

Europe – ECB

ECB Publishes Account of Monetary Policy Meeting – 11:30 UTC

• Impact: Provides insight into internal policy debates. Any hawkish tone (inflation risks) could lift EUR; dovish signals may pressure the currency.

United States – Key Data & Fed Signals

Continuing Jobless Claims – 12:30 UTC

• Prev.: 1,972K
• Impact: High claims suggest labor market cooling; lower claims signal resilience.

Core PCE Prices (Q2) – 12:30 UTC

• Forecast: +2.5% (Prev.: +3.5%)
• Impact: A slowdown in PCE inflation supports the case for Fed easing. Higher-than-expected results could weigh on bonds and equities.

GDP (QoQ, Q2) – 12:30 UTC

• Forecast: +3.0% (Prev.: -0.5%)
• Impact: A strong rebound in growth boosts USD and equity optimism. A miss could trigger recession worries.

GDP Price Index (QoQ, Q2) – 12:30 UTC

• Forecast: +2.0% (Prev.: +3.8%)
• Impact: Falling inflation pressures suggest easing price dynamics.

Initial Jobless Claims – 12:30 UTC

• Forecast: 231K (Prev.: 235K)
• Impact: Confirms whether labor market remains tight.

Pending Home Sales (MoM, Jul) – 14:00 UTC

• Forecast: -0.3% (Prev.: -0.8%)
• Impact: A smaller decline signals stabilization in housing demand. Weak data would add to housing slowdown fears.

7-Year Note Auction – 17:00 UTC

• Prev.: 4.092%
• Impact: Strong demand supports bonds and lowers yields; weak demand pushes yields higher and strengthens USD.

Fed Waller Speaks – 20:00 UTC

• Impact: As a key policymaker, his tone on inflation and growth outlook will shape market sentiment.

Fed’s Balance Sheet – 20:30 UTC

• Prev.: $6,620B
• Impact: Changes in balance sheet size reflect liquidity trends; reductions often tighten conditions.

Market Impact Analysis

• Asia: AUD could strengthen if capex rebounds, while weaker Tokyo CPI & Japanese industrial data may pressure JPY.
• Europe: ECB minutes could drive EUR if they reveal hawkish divisions.
• U.S.: GDP and Core PCE dominate; strong growth + easing inflation would boost equities and risk sentiment. Housing and jobless claims add secondary volatility. Treasury auction and Fed commentary could shift USD and yields into the close.

Overall Impact Score: 9/10

• High-impact day with U.S. GDP & PCE, Tokyo CPI, ECB minutes, and Fed commentary driving volatility across FX, bonds, and equities.