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