Upcoming economic events 30 June 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	Chinese Composite PMI (Jun)	———	51.0
01:30		3 points	Manufacturing PMI (Jun)	49.5	49.5
01:30		2 points	Non-Manufacturing PMI (Jun)	———	51.1
10:00		2 points	European Parliament Elections	———	———
13:00		2 points	FOMC Member Williams Speaks	———	———

Summary of Upcoming Economic Events on June 30, 2024

1. Chinese Composite PMI (Jun): This index measures overall economic activity in manufacturing and services in China. It indicates growth if above 50.
2. Chinese Manufacturing PMI (Jun): Measures China’s manufacturing sector health. Forecasted at 49.5, indicating contraction.
3. Chinese Non-Manufacturing PMI (Jun): Tracks performance in services and other non-manufacturing sectors. Previous value was 51.1, indicating growth.
4. European Parliament Elections: Determines EU’s legislative direction. Results can impact market sentiment based on potential policy changes.
5. FOMC Member Williams Speaks: Speech by an influential US Federal Reserve official, providing insights into future monetary policy, potentially impacting markets.

Market Impact Analysis

• Chinese PMI Data: If in line with expectations, markets remain stable. Significant deviations could lead to global market volatility.
• European Elections: Expected results mean minimal market impact. Unexpected outcomes could increase market volatility.
• Williams’ Speech: Expected comments will stabilize markets; unexpected tones could cause fluctuations.

Overall Impact

• Volatility: Moderate to high, especially influenced by Chinese PMI and European election results.
• Impact Score: 7/10, reflecting the potential for significant market movements due to these interconnected events.