Japan Tankan Indexes and Other Major Economic Events for July 3-7


Kim Ming Lam


June 30, 2023



Min Read

TC Economic Insight - The Week Ahead (July 3-7)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of July 3-7 :

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

Japan’s Tankan Large Manufacturers’ Index for the second quarter will be released by the Bank of Japan on Monday (July 3). 

The business sentiment index covers over 1,100 large manufacturing companies. The index varies on a scale of -100 to 100 such that a value above zero indicates business optimism. 

According to Trading Central's "Economic Insight", the Tankan Large Manufacturers’ Index is expected to rise to 3 in the second quarter.

In the past 4 Japan Tankan Reports, USD/JPY rose in 50% of times (2 out of 4 reports) within one hour from the report’s release, marking a trading range of 28.67 pips on average.

Other key economic data include:

Monday (July 3)

Australia Building Permits may increase 3.6% on month in May.

Japan Tankan Large Manufacturers’ Index is expected to rise to 3 in 2Q.

Japan Tankan Large Non-Manufacturers’ Index is expected to rise to 21 in 2Q.

China Caixin Manufacturing PMI may fall to 50.4 in June.

U.S. ISM Manufacturing PMI may rise to 48.0 in June.

Tuesday (July 4)

U.S. Markets will be closed on Independence Day holiday.

Australia’s Central Bank is expected to raise its key interest rate by 25 basis points to 4.35%.

Germany Trade Surplus is expected to increase to 19.1 billion euros.

Wednesday (July 5)

China Caixin Services PMI is expected to ease to 56.5 in June.

France Industrial Production may grow 0.3% on month in May.

Eurozone’s Producer Prices are expected to fall 1.1% on year in May.

U.S. Federal Reserve will release the latest meeting minutes.

Thursday (July 6)

Australia Trade Surplus is expected to rise to A$11.9 billion in May.

Germany Factory Orders may grow 4.5% on month in May.

Eurozone Retail Sales could decline 0.3% on month in May.

U.S. ADP Report may show an addition of 160,000 private jobs in June.

U.S. Initial Jobless Claims may rise to 245,000.

U.S. ISM Services PMI is expected to dip to 50.0 in June.

U.S. Trade Deficit may narrow to $68.7 billion in May.

Friday (July 7)

Germany Industrial Production is expected to grow 0.7% on month in May.

U.S. Non-Farm Payrolls may increase 250,000 in June.

U.S. Unemployment Rate is expected to be stable at 3.7% in June.

Canada Unemployment Rate may tick up to 5.4% in June.

Canada Ivey PMI is expected to drop to 52.3 in June.

Happy Trading!

Source: Trading Central Economic Insight

Kim Ming Lam

Head of APAC Research
Ming graduated from Hong Kong University with a Bachelor's degree in mechanical engineering. He has been working in the financial services sector for over 10 years. He is currently tasked with providing clients with technical analysis views on forex and Asian stock indexes.
X (formerly Twitter) logo