France EUR

France Assumption of Mary

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
The Assumption of Mary is a Christian feast that commemorates the belief in the bodily assumption of the Virgin Mary into Heaven. Although it does not measure an economic event or indicator, its observance can influence consumption patterns and financial behavior in the retail sector, particularly in France and among Catholic communities.
Frequency
This religious observance occurs annually on August 15th, marking it as a fixed date in the calendar with no variation in frequency.
Why Do Traders Care?
While primarily a religious observance, the Assumption of Mary can have indirect economic implications, particularly in sectors such as retail and travel, which may experience increased consumer activity. Businesses may prepare for higher sales in anticipation of the holiday, influencing market forecasts and stock evaluations related to these sectors.
What Is It Derived From?
The observance is based on longstanding religious traditions and church teachings, particularly within the Catholic Church. It is derived from the dogma established in 1950 by Pope Pius XII and is rooted in biblical and cultural interpretations of the Virgin Mary's life and role.
Description
The Assumption of Mary holds significant cultural importance in France, where it is a public holiday and often leads to festivities and community gatherings. It impacts various industries, especially tourism and retail, as many people engage in shopping and travel, resulting in temporary economic spikes around the date of the observance.
Additional Notes
The celebration serves as a coincident economic measure, reflecting prevailing trends in consumer behavior during summer holidays. It intertwines with broader economic patterns observed during Catholic holidays in Europe, wherein spending tends to increase due to social and communal factors.

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