Upcoming economic events 8 August 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	NAB Business Confidence (Jul)	———	4
03:00		2 points	Exports (YoY) (Jul)	10.4%	8.6%
03:00		2 points	Imports (YoY) (Jul)	3.3%	-2.3%
03:00		2 points	Trade Balance (USD) (Jul)	98.00B	99.05B
03:00		2 points	Inflation Expectations (QoQ)	———	2.3%
12:30		2 points	Continuing Jobless Claims	———	1,877K
12:30		2 points	Initial Jobless Claims	245K	249K
16:00		2 points	Atlanta Fed GDPNow (Q3)	———	———
17:01		2 points	30-Year Bond Auction	———	4.405%
20:30		2 points	Fed’s Balance Sheet	———	7,178B

Summary of Upcoming Economic Events on August 8, 2024

1. Australia NAB Business Confidence (Jul): Measures the sentiment among Australian businesses. Previous: 4.
2. China Exports (YoY) (Jul): Annual change in the value of exports. Forecast: +10.4%, Previous: +8.6%.
3. China Imports (YoY) (Jul): Annual change in the value of imports. Forecast: +3.3%, Previous: -2.3%.
4. China Trade Balance (USD) (Jul): Difference between exports and imports. Forecast: 98.00B, Previous: 99.05B.
5. New Zealand Inflation Expectations (QoQ): Quarterly measure of inflation expectations. Previous: +2.3%.
6. US Continuing Jobless Claims: Number of individuals receiving unemployment benefits. Previous: 1,877K.
7. US Initial Jobless Claims: Number of new unemployment claims. Forecast: 245K, Previous: 249K.
8. US Atlanta Fed GDPNow (Q3): Real-time estimate of US GDP growth for Q3.
9. US 30-Year Bond Auction: Investor demand for 30-year US Treasury bonds. Previous Yield: 4.405%.
10. Fed’s Balance Sheet: Weekly update on the Federal Reserve’s assets and liabilities. Previous: 7,178B.

Market Impact Analysis

• Australia NAB Business Confidence: Higher confidence supports AUD; lower confidence indicates business caution.
• China Trade Data: Strong export and import growth supports CNY and signals economic strength; weaker trade balance may raise concerns.
• New Zealand Inflation Expectations: Rising inflation expectations could signal potential rate hikes, supporting NZD.
• US Jobless Claims: Lower claims suggest a strong labor market, supporting USD; higher claims indicate potential economic issues.
• US Atlanta Fed GDPNow: Provides a real-time estimate of economic growth; significant changes impact market sentiment.
• US 30-Year Bond Auction: Strong demand supports bonds and lowers yields; weak demand could raise yields and impact equities.
• Fed’s Balance Sheet: Changes in the balance sheet can indicate shifts in monetary policy, impacting USD and market sentiment.

Overall Impact

• Volatility: Moderate to high, with significant potential reactions in equity, bond, commodity, and currency markets.
• Impact Score: 7/10, indicating a high potential for market movements.