Upcoming economic events 3 July 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
00:30		2 points	au Jibun Bank Japan Services PMI (Jun)	49.8	53.8
01:30		2 points	Building Approvals (MoM) (May)	1.6%	-0.3%
01:45		2 points	Caixin Services PMI (Jun)	———	54.0
08:00		2 points	HCOB Eurozone Composite PMI (Jun)	50.8	52.2
08:00		2 points	HCOB Eurozone Services PMI (Jun)	52.6	53.2
11:00		2 points	FOMC Member Williams Speaks	———	———
12:15		3 points	ADP Nonfarm Employment Change (Jun)	170K	152K
12:30		2 points	Continuing Jobless Claims	———	1,839K
12:30		3 points	Initial Jobless Claims	———	233K
12:30		2 points	Trade Balance (May)	———	-74.60B
13:45		2 points	S&P Global Composite PMI (Jun)	54.6	54.5
13:45		3 points	S&P Global Services PMI (Jun)	55.1	54.8
14:00		2 points	Factory Orders (MoM) (May)	———	0.7%
14:00		2 points	ISM Non-Manufacturing Employment (Jun)	———	47.1
14:00		3 points	ISM Non-Manufacturing PMI (Jun)	52.5	53.8
14:00		3 points	ISM Non-Manufacturing Prices (Jun)	———	58.1
14:15		2 points	ECB President Lagarde Speaks	———	———
14:30		3 points	Crude Oil Inventories	———	3.591M
14:30		2 points	Cushing Crude Oil Inventories	———	-0.226M
16:00		2 points	Atlanta Fed GDPNow (Q3)	———	———
18:00		3 points	FOMC Meeting Minutes	———	———

Summary of Upcoming Economic Events on July 3, 2024

1. Japan Services PMI (Jun): Measures service sector activity. Forecast: 49.8 (contraction), Previous: 53.8 (growth).
2. Australia Building Approvals (May): Tracks building approval changes. Forecast: +1.6%, Previous: -0.3%.
3. China Caixin Services PMI (Jun): Measures China’s service sector activity. Previous: 54.0.
4. Eurozone Composite PMI (Jun): Overall economic activity. Forecast: 50.8, Previous: 52.2.
5. Eurozone Services PMI (Jun): Measures service sector activity. Forecast: 52.6, Previous: 53.2.
6. FOMC Member Williams Speaks (US): Important speech by a Federal Reserve member.
7. ADP Nonfarm Employment Change (Jun) (US): Private sector jobs. Forecast: +170K, Previous: +152K.
8. US Jobless Claims: Ongoing and new unemployment claims. Previous: 1.839 million (continuing), 233K (initial).
9. US Trade Balance (May): Difference between exports and imports. Previous: -$74.6 billion.
10. US PMIs (Jun): Measures economic activity. Composite: Forecast 54.6, Previous 54.5; Services: Forecast 55.1, Previous 54.8.
11. US Factory Orders (May): New orders for manufactured goods. Previous: +0.7%.
12. ISM Non-Manufacturing Data (Jun) (US): Employment, PMI, and Prices. Previous PMI: 53.8.
13. ECB President Lagarde Speaks: Remarks from the ECB President.
14. US Crude Oil Inventories: Weekly inventory levels. Previous: +3.591 million barrels.
15. Atlanta Fed GDPNow (Q3) (US): Estimate of GDP growth for Q3.
16. FOMC Meeting Minutes (US): Detailed record of the Federal Reserve’s recent meeting.

Market Impact Analysis

• Japan Services PMI: Lower forecast may negatively impact Japanese markets.
• Australia Building Approvals: Expected increase could boost the AUD.
• China Caixin Services PMI: Stable figures boost confidence in China’s economy.
• Eurozone PMIs: Lower forecasts may signal slowing growth in Europe.
• Speeches by FOMC Member Williams and ECB President Lagarde: Can influence global markets.
• US Employment Data: Positive job numbers boost confidence; higher jobless claims may raise concerns.
• US Trade Balance: Significant changes affect currency and trade policy perceptions.
• US PMIs and Factory Orders: Positive data supports market confidence.
• ISM Non-Manufacturing Data: Key indicators for service sector health; lower numbers could signal a slowdown.
• US Crude Oil Inventories: Changes impact oil prices.
• Atlanta Fed GDPNow and FOMC Minutes: Provide insights into economic growth and future monetary policy.

Overall Impact

• Volatility: Moderate to high, driven by key PMI readings, employment data, and influential speeches.
• Impact Score: 7/10, indicating significant potential for market movements.