... recessionary trends. Particular attention will be paid to details such as capacity utilization and output in the manufacturing sector to better understand the depth and breadth of the observed processes. Michigan University Consumer Sentiment Index and Inflation Expectations (August, preliminary) — 17:00 MSK At the end of the day, market participants will learn the preliminary values of the consumer sentiment index from the University of Michigan for August. This gauge reflects the sentiments of American households ...

... estimate). 17:00 — USA : Jerome Powell's speech at the economic symposium in Jackson Hole. Key Points on Japan's Inflation Core Inflation and the 2% Target . The key indicator is the growth rate of core CPI (excluding fresh food prices). If core inflation significantly exceeds the Bank of Japan's target of 2% again, it will heighten expectations that the regulator will continue to move away from ultra-loose policy and may proceed with tightening measures (such as widening the yield curve of bonds or even raising rates). High CPI: Impact on Yen and Stocks . An acceleration of inflation,...

... 09:00 (Germany): Unemployment rate (July). An indicator of labor market health in Germany; stability here will support confidence in the European economy. 12:00 (Eurozone): Unemployment rate (June) and preliminary inflation data (CPI, July). Slowing inflation or rising unemployment will heighten expectations for EBC's soft policy, while high inflation figures will maintain pressure on the regulator. 15:30 (USA): Core PCE price index (June) and data on personal income/spending of Americans. The PCE index is a key inflation indicator for the Fed; ...

August 4, 2025, marks an important date for economists and investors, as numerous significant economic events will take place on this day. One of the key events is the inflation report for Turkey and Switzerland. It is expected that inflation data in Turkey will continue to rise, prompting analysts to adopt new measures for managing monetary policy. Conversely, Switzerland may have positive news regarding a reduction in inflation and an improvement in the macroeconomic situation....

... inflation through wages and services. JGB Yields: The market may price in a gradual increase in yields, reflecting a reassessment of the interest rate trajectory. For the Bank of Japan, the key will be balancing support for economic growth and controlling inflation expectations. The Yen and the Currency Market Surprise Factor: GDP forecasts exceeding expectations traditionally strengthen the yen through a reassessment of rate expectations. Yield Differential: Convergence with global rates may narrow the yen's discount ...