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European Union EUR

European Union EU-Japan Summit

Impact:
Low

Latest Release:

Date:
Actual:
 
Forecast:
Previous/Revision:  
Period:
What Does It Measure?
The EU-Japan Summit measures the state and progress of relations between the European Union and Japan, focusing on economic cooperation, trade agreements, and policy alignment. It assesses key areas including trade volumes, investment flows, and shared policies on global issues such as climate change and digital innovation.
Frequency
The summit occurs biennially, with sessions typically scheduled every two years, although special meetings may be convened in response to emerging global issues.
Why Do Traders Care?
Traders closely monitor the outcomes of the EU-Japan Summit as they can significantly influence market sentiment and investment strategies, particularly in sectors such as technology, automotive, and agriculture. Positive agreements or cooperation announcements are bullish for currencies and stocks involved, while disagreements may prompt bearish reactions.
What Is It Derived From?
The outcomes of the EU-Japan Summit are derived from discussions among high-level officials, including heads of state and foreign ministers, who negotiate terms based on prior economic data, industry needs, and geopolitical events. These negotiations often incorporate surveys and reports demonstrating mutual economic dependencies and goals.
Description
The EU-Japan Summit addresses critical economic and political challenges facing both regions, seeking to enhance collaboration on pressing global issues, trade relations, and technological advancements. It serves as a platform for leaders to articulate visions for future cooperation, highlighting areas where joint efforts could drive economic growth and improve regional stability.
Additional Notes
The summit serves as a leading economic indicator as it foreshadows future trade policies and investment strategies between two significant economies. The events and decisions made during these summits can influence other bilateral relations and economic strategies globally, impacting not only European and Japanese markets but also affecting supply chains and trade flows worldwide.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Japanese Stocks. Lower than expected: Bearish for EUR, Bearish for Japanese Stocks. Dovish tone: Signaling economic support and collaboration, usually good for the EUR but bad for Japanese Stocks due to potential regulatory impacts on trade.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Jul 13, 2023