Jeremy Oles

Published On: 29/06/2024
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Upcoming economic events 30 June 2024
By Published On: 29/06/2024
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
01:30🇨🇳2 pointsChinese Composite PMI (Jun)———51.0
01:30🇨🇳3 pointsManufacturing PMI (Jun)49.549.5
01:30🇨🇳2 pointsNon-Manufacturing PMI (Jun)———51.1
10:00🇪🇺2 pointsEuropean Parliament Elections——————
13:00🇺🇸2 pointsFOMC 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.