Upcoming economic events 30 July 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	Buildin g Approvals (MoM) (Jun)	-2.3%	5.5%
09:00		2 points	GDP (YoY) (Q2)	0.6%	0.4%
09:00		2 points	GDP (QoQ) (Q2)	0.2%	0.3%
13:00		2 points	S&P/CS HPI Composite – 20 n.s.a. (YoY) (May)	7.4%	7.2%
13:00		2 points	S&P/CS HPI Composite – 20 n.s.a. (MoM) (May)	———	1.4%
14:00		3 points	CB Consumer Confidence (Jul)	99.8	100.4
14:00		3 points	JOLTs Job Openings (Jun)	8.030M	8.140M
20:30		2 points	API Weekly Crude Oil Stock	———	-3.900M
23:50		2 points	Industrial Production (MoM) (Jun)	-4.2%	3.6%

Summary of Upcoming Economic Events on July 30, 2024

1. Australia Building Approvals (MoM) (Jun): Monthly change in the number of new building approvals. Forecast: -2.3%, Previous: +5.5%.
2. Eurozone GDP (YoY) (Q2): Annual growth rate of the Eurozone’s gross domestic product. Forecast: +0.6%, Previous: +0.4%.
3. Eurozone GDP (QoQ) (Q2): Quarterly growth rate of the Eurozone’s GDP. Forecast: +0.2%, Previous: +0.3%.
4. US S&P/Case-Shiller Home Price Index Composite-20 (YoY) (May): Yearly change in house prices across 20 US cities. Forecast: +7.4%, Previous: +7.2%.
5. US S&P/Case-Shiller Home Price Index Composite-20 (MoM) (May): Monthly change in house prices across 20 US cities. Previous: +1.4%.
6. US CB Consumer Confidence (Jul): Measure of consumer confidence in the US economy. Forecast: 99.8, Previous: 100.4.
7. US JOLTs Job Openings (Jun): Number of job openings in the US. Forecast: 8.030M, Previous: 8.140M.
8. API Weekly Crude Oil Stock: Weekly change in US crude oil inventories. Previous: -3.900M.
9. Japan Industrial Production (MoM) (Jun): Monthly change in industrial output. Forecast: -4.2%, Previous: +3.6%.

Market Impact Analysis

• Australia Building Approvals: A decline in building approvals could indicate a cooling construction sector, potentially impacting the AUD and local equities.
• Eurozone GDP: Positive GDP growth supports the euro (EUR) and European equities; slower growth could raise economic concerns.
• US S&P/Case-Shiller HPI: Rising house prices reflect strong housing demand, supporting USD and housing-related equities.
• US CB Consumer Confidence: A decline in consumer confidence may suggest weakening consumer sentiment, potentially impacting USD and consumer-related stocks.
• US JOLTs Job Openings: Fewer job openings could signal a cooling labor market, impacting market sentiment and USD.
• API Weekly Crude Oil Stock: Lower inventories typically support oil prices; higher inventories could pressure prices downwards.
• Japan Industrial Production: A significant drop in production could indicate economic weakness, potentially impacting JPY and Japanese equities.

Overall Impact

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