Upcoming economic events 9 July 2024

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	NAB Business Confidence (Jun)	———	-3
10:00		2 points	Eurogroup Meetings	———	———
13:15		2 points	Fed Vice Chair for Supervision Barr Speaks	———	———
14:00		3 points	Fed Chair Powell Testifies	———	———
14:00		2 points	Treasury Secretary Yellen Speaks	———	———
16:00		2 points	EIA Short-Term Energy Outlook	———	———
17:00		2 points	3-Year Note Auction	———	4.659%
17:30		2 points	FOMC Member Bowman Speaks	———	———
20:30		2 points	API Weekly Crude Oil Stock	———	-9.163M

Summary of Upcoming Economic Events on July 9, 2024

1. NAB Business Confidence (Jun): Measures sentiment among Australian businesses. Previous: -3.
2. Eurogroup Meetings: Discussions by Eurozone finance ministers on economic policies.
3. Fed Vice Chair for Supervision Barr Speaks: Insights into regulatory and monetary policies.
4. Fed Chair Powell Testifies: Key views on U.S. economic conditions and policies.
5. Treasury Secretary Yellen Speaks: Economic outlook and fiscal policies.
6. EIA Short-Term Energy Outlook: Forecasts for energy markets.
7. 3-Year Note Auction: Reflects investor demand for U.S. Treasuries. Previous: 4.659%.
8. FOMC Member Bowman Speaks: Additional insights into Fed’s policy stance.
9. API Weekly Crude Oil Stock: U.S. crude oil inventory levels. Previous: -9.163M.

Market Impact Analysis

• NAB Business Confidence: Stable or improving sentiment supports AUD; lower confidence may weaken it.
• Eurogroup Meetings: Expected discussions maintain stability; surprises could affect Eurozone markets.
• Fed Vice Chair for Supervision Barr: Dovish remarks support financial stocks; hawkish comments increase volatility.
• Fed Chair Powell: Neutral/dovish tone reassures markets; hawkish tone could raise bond yields and lower equities.
• Treasury Secretary Yellen: Positive outlook boosts confidence; economic concerns might weaken USD and equities.
• EIA Short-Term Energy Outlook: Stable forecasts support oil prices; negative outlook pressures prices.
• 3-Year Note Auction: Strong demand supports bonds; weak demand raises yields and impacts equities.
• FOMC Member Bowman: Dovish comments reassure markets; hawkish remarks increase volatility.
• API Weekly Crude Oil Stock: Moderate changes stabilize oil prices; significant changes drive prices up or down.

Overall Impact

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