Upcoming economic events 5 August 2024

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

1. Japan au Jibun Bank Japan Services PMI (Jul): Measures activity in Japan’s service sector. Previous: (Not specified).
2. China Caixin Services PMI (Jul): Measures activity in China’s service sector. Forecast: 53.9, Previous: 49.4.
3. Eurozone HCOB Eurozone Composite PMI (Jul): Measures overall business activity in the Eurozone. Forecast: 51.4, Previous: 51.2.
4. Eurozone HCOB Eurozone Services PMI (Jul): Measures activity in the Eurozone’s service sector. Forecast: 50.1, Previous: 52.8.
5. US S&P Global Composite PMI (Jul): Measures overall business activity in the US. Forecast: 55.0, Previous: 54.8.
6. US S&P Global Services PMI (Jul): Measures activity in the US service sector. Forecast: 56.0, Previous: 55.3.
7. US ISM Non-Manufacturing Employment (Jul): Measures employment trends in the US non-manufacturing sector. Previous: 46.1.
8. US ISM Non-Manufacturing PMI (Jul): Measures overall activity in the US non-manufacturing sector. Forecast: 51.4, Previous: 48.8.
9. US ISM Non-Manufacturing Prices (Jul): Measures price trends in the US non-manufacturing sector. Previous: 56.3.
10. FOMC Member Daly Speaks: Insights into the Federal Reserve’s policy stance.
11. Japan Household Spending (YoY) (Jun): Annual change in household spending. Forecast: -0.9%, Previous: -1.8%.
12. 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.