Upcoming economic events 30 September 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
12:50		2 points	FOMC Member Bowman Speaks	———	———
13:00		2 points	ECB President Lagarde Speaks	———	———
13:45		3 points	Chicago PMI (Sep)	46.1	46.1
17:55		3 points	Fed Chair Powell Speaks	———	———
21:00		2 points	NZIER Business Confidence (Q3)	———	-44%
23:50		2 points	Tankan All Big Industry CAPEX (Q3)	———	11.1%
23:50		2 points	Tankan Big Manufacturing Outlook Index (Q3)	———	14
23:50		2 points	Tankan Large Manufacturers Index (Q3)	12	13
23:50		2 points	Tankan Large Non-Manufacturers Index (Q3)	32	33

Summary of Upcoming Economic Events on September 30, 2024

1. FOMC Member Bowman Speaks (12:50 UTC): Comments from Federal Reserve Governor Michelle Bowman may provide insights into US economic outlook and future interest rate decisions.
2. ECB President Lagarde Speaks (13:00 UTC): Remarks from ECB President Christine Lagarde, which could offer guidance on the Eurozone’s inflation outlook and future monetary policy actions.
3. US Chicago PMI (Sep) (13:45 UTC): A key indicator of manufacturing activity in the Chicago region. Forecast: 46.1, Previous: 46.1. A reading below 50 signals contraction.
4. Fed Chair Powell Speaks (17:55 UTC): Jerome Powell’s speech is critical for gauging future Federal Reserve policy moves, especially in light of inflation and interest rate dynamics.
5. NZIER Business Confidence (Q3) (21:00 UTC): New Zealand’s business sentiment, which can signal future economic activity. Previous: -44%. A negative figure indicates pessimism among businesses.
6. Japan Tankan All Big Industry CAPEX (Q3) (23:50 UTC): Measures capital expenditure expectations across all industries. Previous: +11.1%. Indicates business investment sentiment.
7. Japan Tankan Big Manufacturing Outlook Index (Q3) (23:50 UTC): Outlook for large manufacturers in Japan. Previous: 14. Higher readings indicate stronger optimism about future conditions.
8. Japan Tankan Large Manufacturers Index (Q3) (23:50 UTC): Sentiment index for large manufacturers in Japan. Forecast: 12, Previous: 13.
9. Japan Tankan Large Non-Manufacturers Index (Q3) (23:50 UTC): Sentiment among Japan’s large non-manufacturing firms. Forecast: 32, Previous: 33.

Market Impact Analysis

• FOMC and Powell Speeches: Both Bowman and Powell’s remarks will be closely watched for clues about future interest rate hikes or policy stances. Hawkish comments could boost USD, while dovish remarks may weaken it.
• ECB President Lagarde Speech: Insights into Eurozone inflation or monetary policy tightening could impact EUR. If Lagarde indicates further rate hikes, it could strengthen EUR.
• US Chicago PMI: A weaker PMI would indicate contraction in manufacturing, potentially softening USD as it signals economic slowdown. A positive surprise could strengthen the dollar.
• NZIER Business Confidence: A further decline in business sentiment may weigh on NZD, as it suggests weak future economic growth.
• Japan Tankan Indices: These indicators provide insights into business sentiment and future investment in Japan. Weaker indices could weigh on JPY, while strong readings would suggest economic resilience.

Overall Impact

• Volatility: Moderate to high, with market movements expected from speeches by major central bank officials and key sentiment indicators from the US and Japan.
• Impact Score: 7/10, with significant focus on US and Japan manufacturing and business sentiment data.