Jeremy Oles
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 00:30 |  | 2 points | au Jibun Bank Japan Services PMI (Jul) | ——— | ——— |
| 01:45 |  | 2 points | Caixin Services PMI (Jul) | 53.9 | 49.4 |
| 08:00 |  | 2 points | HCOB Eurozone Composite PMI (Jul) | 51.4 | 51.2 |
| 08:00 | | 2 points | HCOB Eurozone Services PMI (Jul) | 50.1 | 52.8 |
| 13:45 |  | 2 points | S&P Global Composite PMI (Jul) | 55.0 | 54.8 |
| 13:45 | | 2 points | S&P Global Services PMI (Jul) | 56.0 | 55.3 |
| 14:00 | | 2 points | ISM Non-Manufacturing Employment (Jul) | ——— | 46.1 |
| 14:00 | | 2 points | ISM Non-Manufacturing PMI (Jul) | 51.4 | 48.8 |
| 14:00 | | 2 points | ISM Non-Manufacturing Prices (Jul) | ——— | 56.3 |
| 21:00 | | 2 points | FOMC Member Daly Speaks | ——— | ——— |
| 23:30 | | 2 points | Household Spending (YoY) (Jun) | -0.9% | -1.8% |
| 23:30 | | 2 points | Household Spending (MoM) (Jun) | 0.2% | -0.3% |
Summary of Upcoming Economic Events on August 5, 2024
- Japan au Jibun Bank Japan Services PMI (Jul): Measures activity in Japan’s service sector. Previous: (Not specified).
- China Caixin Services PMI (Jul): Measures activity in China’s service sector. Forecast: 53.9, Previous: 49.4.
- Eurozone HCOB Eurozone Composite PMI (Jul): Measures overall business activity in the Eurozone. Forecast: 51.4, Previous: 51.2.
- Eurozone HCOB Eurozone Services PMI (Jul): Measures activity in the Eurozone’s service sector. Forecast: 50.1, Previous: 52.8.
- US S&P Global Composite PMI (Jul): Measures overall business activity in the US. Forecast: 55.0, Previous: 54.8.
- US S&P Global Services PMI (Jul): Measures activity in the US service sector. Forecast: 56.0, Previous: 55.3.
- US ISM Non-Manufacturing Employment (Jul): Measures employment trends in the US non-manufacturing sector. Previous: 46.1.
- US ISM Non-Manufacturing PMI (Jul): Measures overall activity in the US non-manufacturing sector. Forecast: 51.4, Previous: 48.8.
- US ISM Non-Manufacturing Prices (Jul): Measures price trends in the US non-manufacturing sector. Previous: 56.3.
- FOMC Member Daly Speaks: Insights into the Federal Reserve’s policy stance.
- Japan Household Spending (YoY) (Jun): Annual change in household spending. Forecast: -0.9%, Previous: -1.8%.
- Japan Household Spending (MoM) (Jun): Monthly change in household spending. Forecast: +0.2%, Previous: -0.3%.
Market Impact Analysis
- Japan Services PMI and Household Spending: Rising PMI indicates expansion, supporting JPY; increased household spending suggests stronger consumer confidence.
- China Caixin Services PMI: A reading above 50 indicates expansion, supporting CNY; below 50 indicates contraction, impacting market sentiment.
- Eurozone Composite and Services PMIs: Rising PMIs support EUR and economic outlook; declines suggest sector weakness.
- US S&P Global PMIs: Strong PMIs support USD and economic confidence; weaker readings may raise concerns.
- US ISM Non-Manufacturing Data: Improvements in employment and PMI indicate sector strength, supporting USD; higher prices suggest inflationary pressures.
- FOMC Member Daly Speaks: Comments provide insights into future Fed policy; dovish tones may support markets, hawkish tones increase volatility.
- Japan Household Spending: Increased spending supports JPY and economic outlook; declines suggest consumer caution.
Overall Impact
- Volatility: High, with significant potential reactions in equity, bond, commodity, and currency markets.
- Impact Score: 7/10, indicating a high potential for market movements.
