Asia-Pacific Economic Calendar: Today’s Schedule and Updates
The economic calendar in the Asia-Pacific session remains relatively light today, with a few key data releases on the horizon that could impact markets in the region and beyond. Let’s take a closer look at what’s in store for traders and investors.
Japan Service PPI for July
Starting off the day, Japan will be releasing its service Producer Price Index (PPI) for July at 7:50 PM ET. Last month, the PPI came in at 3.0%, indicating inflationary pressures in the service sector. This month’s release will provide insight into whether this trend is continuing or if there have been any significant changes in pricing dynamics.
China’s Industrial Profit Year to Date for July
At 9:30 PM ET, China will be releasing its industrial profit year to date for July, with expectations set at 3.5%. This data is crucial for understanding the health of China’s industrial sector and its overall economic performance. Any deviations from expectations could have ripple effects across global markets, given China’s status as a major player in the global economy.
Other Data Releases in the Asia-Pacific Session
In addition to the aforementioned releases, there are several other key data points to keep an eye on in the new trading day. These include:
– BOJ Core CPI y/y (JPY) at 1 AM ET: Estimate: 2.1%, Previous: 2.1%
– German Final GDP q/q (EUR) at 2 AM ET: Estimate: -0.1%, Previous: -0.1%
– German GfK Consumer Climate (EUR) at 2 AM ET: Estimate -18.4, Previous: -18.4
– CBI Realized Sales (GBP) at 6 AM ET: Estimate: -11, Previous: -43
– S&P/CS Composite-20 HPI y/y (USD) at 9 AM ET: Estimate 6.2%, Previous: 6.8%
– Home Price Index m/m (USD) at 9 AM ET: Estimate : 0.1%, Previous: 0.0%
– German Buba President Nagel Speaks (EUR) at 10 AM ET
– CB Consumer Confidence (USD) at 10 AM ET: Estimate: 100.9, Previous: 100.3
– Richmond Manufacturing Index (USD) at 10 AM ET: Estimate: -14, Previous: -17
These data releases cover a wide range of economic indicators, from inflation and GDP to consumer sentiment and manufacturing activity. Traders and analysts will be closely monitoring these reports for any signs of economic strength or weakness that could impact their trading decisions.
Fedspeak and Central Bank Activity
In addition to the economic data releases, there will also be some key central bank speeches and activities to watch out for in the new trading day. San Francisco Federal Reserve President Mary Daly is scheduled to speak at 2 PM ET, providing insights into the Fed’s thinking on monetary policy and the economic outlook.
Overall, today’s Asia-Pacific economic calendar is packed with important data releases and central bank activities that could drive market volatility and shape investor sentiment. Traders are advised to stay informed and be prepared for potential market movements based on the outcomes of these key events.
