As traders approach another key day for financial markets on Friday, January 24, 2025, a number of key economic data releases are expected that could influence market dynamics. The focus will be on manufacturing and services PMI data, as well as existing home sales data, which are poised to provide valuable insights into the health of the US economy.
Major economic events to watch
• 9:45 AM ET – Manufacturing PMI (January): Expected 49.8, previous 49.4. This index measures the activity levels of purchasing managers in the manufacturing sector.
• 9:45 a.m. ET – Service PMI (January): Expected 56.4, previous 56.8. This release is based on surveys of service company executives in the private sector.
• 10:00 a.m. ET – Existing home sales (December): Expected 4.19 million, previous 4.15 million. This report measures the strength of the US housing market.
Other important economic events to watch
• 9:45 a.m. ET – S&P Global Composite PMI (January): previous 55.4. This index provides a comprehensive overview of business activities in the manufacturing and service sectors.
• 10:00 AM ET – Michigan Consumer Expectations (January): Expected 70.2, previous 73.3. This component reflects the consumer’s view of future economic conditions.
• 10:00 AM ET – Michigan Consumer Sentiment (January): Expected 73.2, previous 74.0. This index evaluates the relative level of current and future economic conditions.
• 10:00 a.m. ET – Existing home sales (month of month) (December): previous 4.8%. This measures the change in the number of sold existing residential buildings.
• 1:00 PM ET – Baker Hughes (NASDAQ: ) US Rig Count: Previous 478. This serves as a leading indicator of demand for petroleum products.
• 1:00 PM ET – US Baker Hughes In total (EPA:) Number of Wells: Previous 580. This provides a broader overview of drilling activity across all sectors.
• 3:30 PM ET – CFTC S&P 500 Speculative Positions: Previous -30.5K. This report offers insight into market sentiment among speculative traders.
• 3:30 PM ET – CFTC Speculative Positions: Previous 10.5K. These data reflect speculative positioning in a technologically loaded area.
• 3:30 PM ET – CFTC Speculative Gold Positions: Previous 279.4K. This report shows speculative interest in .
• 3:30 PM ET – CFTC Speculative Crude Oil Positions: Previous 306.3K. These data indicate speculative positioning in the future.
Other economic events to watch
• 10:00 a.m. ET – Michigan 1-year inflation expectations (January): Expected 3.3%, previous 2.8%. This survey measures consumers’ inflation expectations for the next year.
• 10:00 a.m. ET – Michigan 5-year inflation expectations (January): Expected 3.3%, previous 3.0%. This survey represents the average expected price changes for the next 5 years.
• 10:00 a.m. ET – Current conditions in Michigan (January): Expected 77.9, previous 75.1. This component reflects the consumer’s assessment of current economic conditions.
• 11:00 AM ET – KC Fed Manufacturing Index (January): Previously -5. This survey provides information on current manufacturing activity in the Tenth District.
• 11:00 a.m. ET – KC Fed Composite Index (January): Previously -4. This index offers a broader view of economic activity in the Tenth District.
• 3:30 PM ET – CFTC Aluminum Speculative Net Positions: Previous 3.4K. This report shows speculative positioning in aluminum futures.
• 3:30 PM ET – CFTC Copper Speculative Positions: Previous 11.8K. These data reflect speculative interest in .
• 3:30 PM ET – CFTC Silver Speculative Positions: Previous 46.1K. This report indicates speculative positioning in .
• 3:30 PM ET – CFTC Natural Gas Speculative Positions: Previously -71.6K. These data show speculative interest in .
• 3:30 PM ET – CFTC Wheat Speculative Positions: Previously -82.2K. This report reflects speculative positioning in wheat futures contracts.
• 3:30 PM ET – CFTC Speculative Positions: Previous 348.1K. These data indicate speculative interest in corn futures contracts.
• 3:30 PM ET – CFTC Soybean Speculative Positions: Previous 14.5K. This report shows speculative positioning in soybean futures.
For additional information and the latest updates, see our economic calendar, here.
This article was generated with the help of AI and reviewed by an editor. See our T&C for more information.
