Jeremy Oles

Published On: 07/09/2025
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By Published On: 07/09/2025
Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious
01:30🇦🇺2 pointsBuilding Approvals (MoM) (Jul)-8.2%12.2%
14:53🇨🇳2 pointsExports (YoY) (Aug)5.0%7.2%
14:53🇨🇳2 pointsImports (YoY) (Aug)3.0%4.1%
14:53🇨🇳2 pointsTrade Balance (USD) (Aug)99.40B98.24B
19:00🇺🇸2 pointsConsumer Credit (Jul)10.40B7.37B

Summary of Upcoming Economic Events on September 8, 2025

Asia – Australia & China

Australia – Building Approvals (MoM, Jul) – 01:30 UTC

  • Forecast: -8.2% (Prev.: +12.2%)
  • Impact: A sharp reversal signals a cooling housing sector, likely weighing on AUD and construction-related equities. Persistent weakness could pressure RBA outlook toward a more dovish stance.

China – Trade Data (Aug) – 14:53 UTC

  • Exports YoY: +5.0% (Prev.: +7.2%)
  • Imports YoY: +3.0% (Prev.: +4.1%)
  • Trade Balance: $99.40B (Prev.: $98.24B)
  • Impact: Slower trade growth points to weaker global demand. Softer exports would weigh on CNY and commodity currencies (AUD, NZD), while resilient imports suggest steady domestic demand. A strong trade surplus supports CNY stability.

United States – Credit Conditions

U.S. Consumer Credit (Jul) – 19:00 UTC

  • Forecast: $10.40B (Prev.: $7.37B)
  • Impact: Higher credit growth implies resilient consumer spending, supportive for GDP and equities. However, excessive credit reliance may raise financial stability concerns. Weak figures would suggest consumers are tightening spending, a bearish sign for growth.

Market Impact Analysis

  • Asia: AUD under pressure from weaker building approvals. China’s trade balance remains key for global risk sentiment and commodities—slower export growth may weigh on equities and energy/metals demand.
  • U.S.: Consumer credit data is secondary compared to labor/inflation but can influence retail and financial sector equities. A sharp credit surge may lift growth sentiment but also revive debt sustainability concerns.

Overall Impact Score: 6/10

  • Why: The day is relatively light. China’s trade data is the main driver, shaping global risk tone and commodity-linked currencies. U.S. credit data provides additional but modest directional clues.