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Join WhatsApp channel| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 00:30 |  | 2 points | au Jibun Bank Japan Services PMI (Aug) | 54.0 | 53.7 |
| 01:30 |  | 2 points | GDP (QoQ) (Q2) | 0.2% | 0.1% |
| 01:30 | | 2 points | GDP (YoY) (Q2) | 1.0% | 1.1% |
| 01:45 |  | 2 points | Caixin Services PMI (Aug) | 51.9 | 52.1 |
| 07:00 |  | 2 points | ECB’s Elderson Speaks | ——— | ——— |
| 08:00 | | 2 points | HCOB Eurozone Composite PMI (Aug) | 51.2 | 50.2 |
| 08:00 | | 2 points | HCOB Eurozone Services PMI (Aug) | 53.3 | 51.9 |
| 12:30 |  | 2 points | Exports (Jul) | ——— | 265.90B |
| 12:30 | | 2 points | Imports (Jul) | ——— | 339.00B |
| 12:30 | | 2 points | Trade Balance (Jul) | -78.80B | -73.10B |
| 14:00 | | 2 points | Factory Orders (MoM) (Jul) | 4.6% | -3.3% |
| 14:00 | | 3 points | JOLTs Job Openings (Jul) | 8.090M | 8.184M |
| 18:00 | | 2 points | Beige Book | ——— | ——— |
| 20:30 | | 2 points | API Weekly Crude Oil Stock | ——— | -3.400M |
Summary of Upcoming Economic Events on September 4, 2024
- Japan au Jibun Bank Japan Services PMI (Aug) (00:30 UTC): Measures activity in Japan’s service sector. Forecast: 54.0, Previous: 53.7.
- Australia GDP (QoQ) (Q2) (01:30 UTC): Quarterly change in Australia’s gross domestic product. Forecast: +0.2%, Previous: +0.1%.
- Australia GDP (YoY) (Q2) (01:30 UTC): Annual change in Australia’s GDP. Forecast: +1.0%, Previous: +1.1%.
- China Caixin Services PMI (Aug) (01:45 UTC): Measures activity in China’s service sector. Forecast: 51.9, Previous: 52.1.
- ECB’s Elderson Speaks (07:00 UTC): Remarks from ECB Executive Board member Frank Elderson, potentially offering insights into the ECB’s policy stance and economic outlook.
- Eurozone HCOB Eurozone Composite PMI (Aug) (08:00 UTC): Measures overall business activity in the Eurozone. Forecast: 51.2, Previous: 50.2.
- Eurozone HCOB Eurozone Services PMI (Aug) (08:00 UTC): Measures activity in the Eurozone’s service sector. Forecast: 53.3, Previous: 51.9.
- US Exports (Jul) (12:30 UTC): Total value of goods and services exported by the US. Previous: $265.90B.
- US Imports (Jul) (12:30 UTC): Total value of goods and services imported by the US. Previous: $339.00B.
- US Trade Balance (Jul) (12:30 UTC): Difference between exports and imports. Forecast: -$78.80B, Previous: -$73.10B.
- US Factory Orders (MoM) (Jul) (14:00 UTC): Monthly change in the total value of new purchase orders placed with manufacturers. Forecast: +4.6%, Previous: -3.3%.
- US JOLTs Job Openings (Jul) (14:00 UTC): Measures the number of job openings in the US. Forecast: 8.090M, Previous: 8.184M.
- US Beige Book (18:00 UTC): Report from the Federal Reserve providing a summary of economic conditions across its districts.
- API Weekly Crude Oil Stock (20:30 UTC): Weekly change in US crude oil inventories. Previous: -3.400M.
Market Impact Analysis
- Japan Services PMI: A reading above 50 indicates expansion, suggesting strength in the service sector and supporting JPY.
- Australia GDP: A positive GDP growth rate supports AUD, indicating economic resilience. Lower-than-expected growth could suggest economic challenges.
- China Caixin Services PMI: A reading above 50 signals expansion in the services sector, supporting CNY. A lower reading could raise concerns about the sector’s growth.
- Eurozone Composite and Services PMIs: Higher PMIs suggest expanding economic activity, supporting EUR. Lower readings could indicate slowing economic momentum.
- US Trade Balance: A larger deficit suggests more imports than exports, which could weigh on USD. A smaller deficit supports USD.
- US Factory Orders: An increase in factory orders indicates stronger demand for manufactured goods, supporting USD and signaling economic growth.
- US JOLTs Job Openings: A high number of job openings indicates a strong labor market, supporting USD. A decline might suggest weakening labor demand.
- US Beige Book: Provides insights into economic conditions, which can influence market expectations for future Fed policy.
- API Crude Oil Stocks: Lower inventories typically support higher oil prices, indicating strong demand or reduced supply.
Overall Impact
- Volatility: Moderate to high, with potential reactions in equity, bond, currency, and commodity markets based on economic activity data, trade figures, and Fed insights.
- Impact Score: 7/10, indicating a high potential for market movements.
