Sydney Open Briefing: Friday, September 4, 2026
Sydney traders begin their Friday session following a broadly positive close for global equities. US indices saw gains, with USTEC up +1.01% and US500 rising +0.73%, while the JP225 also climbed +1.05% and the DE40 gained +0.47%. This occurred alongside robust US economic data, including ISM Non-Manufacturing Business Activity reporting 61.7, significantly above the 56.4 consensus. Despite these equity gains, the broader risk meter registered -0.16 on a -1 risk-off to +1 risk-on scale. The US dollar was the weakest performer over the last 24 hours, down -0.63%, while the Japanese Yen was the strongest, up +1.48%.
Recent US data releases showed strong performance, with ISM Non-Manufacturing Business Activity at 61.7, well above the 56.4 consensus. ISM Non-Manufacturing Prices Paid also came in higher at 72.6 compared to 68.2 consensus, and ISM Non-Manufacturing New Orders reached 60.9 against a 55.8 consensus. The EIA Natural Gas Storage Change reported 30B, a notable surprise against the -13B consensus. Federal Reserve speech scores indicated a +0.35 hawkish tone. For the current session, traders will monitor Japanese Household Spending m/m, due at Thu 23:30 UTC, with a consensus of -3.9% following a previous -6.4%.
Looking ahead, the most significant event on the calendar is the speech by BOE Gov Bailey at Fri 08:50 UTC.
| At a glance | |
|---|---|
| Biggest moves since the previous session | JP225 +1.05%, USTEC +1.01%, US500 +0.73% |
| Currency strength, 24h | JPY strongest at +1.48%, USD weakest at -0.63% |
| Risk meter | -0.16 (mildly risk-off) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 23:30 UTC | JPY | Household Spending m/m | Medium | -3.9% |
| 06:00 UTC | EUR | Germany Factory Orders m/m | Medium | 2.9% |
| 06:00 UTC | EUR | Germany Factory Orders y/y | Medium | -2.7% |
| 07:30 UTC | EUR | S&P Global Construction PMI | Medium | – |
| 08:30 UTC | GBP | S&P Global/CIPS Construction PMI | Medium | 39.2 |
| 08:50 UTC | GBP | BOE Gov Bailey Speaks | High | – |
| 08:50 UTC | GBP | BoE Governor Bailey Speech | High | – |
| 09:00 UTC | EUR | ECB Executive Board Member Lane Speech | Medium | – |
Times are UTC. This brief describes measured market state and the published schedule. It is not financial advice and nothing in it is a trade recommendation.