PA Market Report: Overview (August 22 – August 26) & Upcoming Events August’22

August 22, 2022

PBoC Interest Rate Decision (CHF)

Under the authorization of the People’s Bank of China (PBC), the National Interbank Funding Center (NIFC) announced the Loan Prime Rate (LPR) on August 22, 2022 as follows: the one-year LPR is 3.65% and the above-five-year LPR is 4.3%. The rates are effective until the next release. Read More…

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Chicago Fed National Activity Index  (USD)

The Chicago Fed National Activity Index (CFNAI) is a monthly index designed to gauge overall economic activity and related inflationary pressure. The CFNAI is released at 8:30 a.m. ET on scheduled days, normally toward the end of each calendar month…. Read More… 

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S&P Global Manufacturing PMI  (AUD)

Key findings:

Flash Australia PMI Composite Output Index at 49.8- (Jul: 51.1). 7-month low.

Flash Australia Services PMI Activity Index at 49.6 – (Jul: 50.9). 7-month low.

Flash Australia Manufacturing Output Index at 51.5 – (Jul: 52.1). 3-month low.

Flash Australia Manufacturing PMI at 54.5 – (Jul: 55.7). 12-month low… Read More… 

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EUR/USD drops below 0.9950, the lowest since December 2002  (all)

The EUR/USD dropped to the lowest level since December 2002, reaching 0.9942. It remains under pressure, testing levels under the 0.9950 support area. A stronger US dollar across the board is pushing EUR/USD to the downside on Monday… Read More… 

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August 23, 2022

S&P Global/BME Manufacturing PMI (EUR)

Key findings:

Flash Germany PMI Composite Output Index(1) at 47.6 (Jul: 48.1). 26-month low.

Flash Germany Services PMI Activity Index(2) at 48.2 (Jul: 49.7). 18-month low.

Flash Germany Manufacturing Output Index(4) at 46.4 (Jul: 45.0). 2-month high.

Flash Germany Manufacturing PMI(3) at 49.8 (Jul:49.3). 2-month high.… Read More

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S&P Global Composite PMI (EUR)

Key findings:

Flash Eurozone PMI Composite Output Index(1) at 49.2 (Jul: 49.9). 18-month low.

Flash Eurozone Services PMI Activity Index(2) at 50.2 (Jul: 51.2). 17-month low.

Flash Eurozone Manufacturing Output Index(4) at 46.5 (Jul: 46.3). 2-month high.

Flash Eurozone Manufacturing PMI (3) at 49.7 (Jul:49.8). 26-month low. Read More…

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S&P Global/CIPS Services PMI(GBP)

Key findings:

Flash UK PMI Composite Output Index(1) at 50.9 (Jul: 52.1). 18-month low. 

Flash UK Services PMI Business Activity Index(2) at 52.5 (Jul: 52.6). 18-month low. 

Flash UK Manufacturing Output Index(3) at 42.4 (Jul: 48.9). 27-month low. 

Flash UK Manufacturing PMI(4) at 46.0 (Jul: 52.1). 27-month low. Read More…

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S&P Global Flash US Composite PMI (USD)

Key findings:

Flash US PMI Composite Output Index(1) at 45.0 (July: 47.7). 27-month low. 

Flash US Services Business Activity Index(2) at 44.1 (July: 47.3). 27-month low. 

Flash US Manufacturing Output Index(4) at 49.3 (July: 49.5). 26-month low. 

Flash US Manufacturing PMI (3) at 51.3 (July: 52.2). 25-month low.  Read More…

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August 24, 2022

Durable Goods Orders (USD)

  1. US Durable Goods Orders stayed unchanged on a monthly basis in July.
  2. The US Dollar Index stays in positive territory below 109.00.

New orders for manufactured durable goods orders in the US stayed virtually unchanged at $273.5 billion in July, the US Census Bureau reported on Wednesday. This reading followed June’s 2.2% expansion and came in worse than the market expectation for an increase of 0.6%. See More..

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Retail Sales (QoQ)(Q2)  (NZD)

Key facts

  1. For the June 2022 quarter compared with the March 2022 quarter, unless otherwise stated:
  2. total volume of seasonally adjusted retail sales was $26 billion, down 2.3 percent
  3. total value of seasonally adjusted retail sales was $29 billion, relatively unchanged, up $1.1 million
  4. 8 of the 16 regions showed higher seasonally adjusted sales values
  5. total value of actual retail sales was $29 billion, up 3.8 percent ($1.0 billion), compared with the June 2021 quarter
  6. total actual value of stock at 30 June 2022 was $9.3 billion, up 12 percent ($994 million) compared with 30 June 2021.

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August 25, 2022

Gross Domestic Product Annualized (Q2) (USD)

Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter of 2022 (table 1), according to the “second” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 1.6 percent… Read More… 

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Ifo Business Climate  (EUR)

The ifo Institute prepares the results of its research for consumption by a wide variety of target groups. Here you can find the latest news from our publications, the latest survey results, press releases, ifo articles appearing in digital media… See More…

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Jackson Hole Symposium  (ALL)

The Economic Policy Symposium, held in Jackson Hole, Wyoming, is attended by central bankers, finance ministers, academics, and financial market participants from around the world. The meetings are closed to the press but officials usually talk with reporters throughout the day. Comments and speeches from central bankers and other influential officials can create significant market volatility… See More…

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August 26, 2022

Fed’s Chair Powell speech (USD)

In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides… Read more…

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Gfk Consumer Confidence Survey (EUR)

The Germans’ propensity to save increased by a whopping 17.6 points in August, climbing to 3.5 points. This is the highest value in more than eleven years. The measurement in July 2011 was 7.1 points. Read More …

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Personal Income and Outlays, July 2022 (USD)

Personal income increased $47.0 billion (0.2 percent) in July, according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased $37.6 billion (0.2 percent) and personal consumption expenditures (PCE) increased $23.7 billion (0.1 percent)… Read More

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Upcoming Events

Aug 29, 2022

Retail Sales s.a. (MoM) (AUD)

Aug 30, 2022

Harmonized Index of Consumer Prices (YoY) (EUR)

Inflation Rate YoY Prelim (EUR)

CB Consumer Confidence (USD)

Aug 31, 2022

NBS Manufacturing PMI (CNY)

HICP (YoY) (EUR)

HICP-X F,E,A,T (YoY) (EUR)

Unemployment Change (GER)

ADP Employment Change (USD)

Gross Domestic Product Annualized (QoQ) (CAD)

Sep 1, 2022

CPI m/m (CHF)

Retail Sales (YoY) (EUR)

ISM Manufacturing PMI (USD)

Sep 2, 2022

Nonfarm Payrolls (USD)

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