PMI data, existing home sales to shape market sentiment Friday By Investing.com
Friday, January 24, 2025 As traders approach another critical day for financial markets, a series of critical economic data is expected to be released that could change market dynamics. The focus will be on manufacturing and services PMI figures, as well as current home sales data, which are set to provide important insights into the health of the US economy.
Major economic events to watch
• 9:45 AM ET – Manufacturing PMI (Jan): Expected 49.8, Previous 49.4. This index measures the activity levels of purchasing managers in the manufacturing sector.
• 9:45 AM ET – Services PMI (Jan): Expected 56.4, previous 56.8. This release is based on surveys of executives in private sector service companies.
• 10:00 AM ET – Existing Home Sales (December): Expected 4.19M, Past 4.15M. This report assesses the strength of the US housing market.
Other important economic events to watch
• 9:45 AM ET – S&P Global Composite PMI (January): Last 55.4. This index provides an overview of business activity in both the manufacturing and service sectors.
• 10:00 AM ET – Michigan Consumer Expectations (January): Expected 70.2, previously 73.3. This segment reflects the future economic situation of consumers.
• 10:00 AM ET – Michigan Consumer Sentiment (January): Expected 73.2, earlier 74.0. This index assesses the relative level of current and future economic conditions.
• 10:00 AM ET – Existing Home Sales (MoM) (December): Last 4.8%. This is measured by the change in the sale of existing residential buildings.
• 1:00 PM – Baker Hughes (NASDAQ:) US Rig Count: Previous 478. This serves as a leading indicator of demand for oil products.
• 1:00 PM ET – Baker Hughes of America Total (EPA:) Rig Count: Past 580. This provides a broad view of drilling activity in all sectors.
• 3:30 PM ET – CFTC S&P 500 Estimates: Previous -30.5K. This report provides insight into market sentiment among speculators.
• 3:30 PM ET – CFTC Estimated Positions: Previous 10.5K; This data reflects a tentative position in the tech-heavy sector.
• 3:30 PM ET – CFTC Gold Estimates: Previous 279.4K. This report shows an estimated demand.
• 3:30 PM ET – CFTC Crude Oil Estimates: Previous 306.3K This information shows an approximate position in the future.
Other related economic arrangements
• 10:00 AM ET – Michigan 1-Year Inflation (Jan): Expected 3.3%, previous 2.8%. This survey measures consumers’ inflation expectations for the coming year.
• 10:00 AM ET – Michigan 5-Year Inflation (Jan): Expected 3.3%, previous 3.0%. This survey shows average expected price changes over the next 5 years.
• 10:00 AM ET – Michigan Current Conditions (January): Expected 77.9, Previous 75.1. This section reflects consumers’ assessment of current economic conditions.
• 11:00 AM ET – KC Fed Manufacturing Index (Jan): Previous -5. This survey provides information on manufacturing activity in the Tenth District.
• 11:00 AM ET – KC Fed Composite Index (January): Previous -4. This index provides a broad view of economic activity in the Tenth District.
• 3:30 PM ET – CFTC Aluminum Estimated Net Positions: Previous 3.4K This report presents a tentative outlook for the future of aluminum.
• 3:30 PM ET – CFTC Copper Estimates: Previous 11.8K This data shows the estimated demand in
• 3:30 PM ET – CFTC Silver Estimates: Previous 46.1K; This report shows the approximate position in
• 3:30 PM ET – CFTC Natural Gas Estimates: Previous -71.6K This data shows an approximate demand.
• 3:30 PM ET – CFTC Wheat Estimates: Previous -82.2K. This report reflects a speculative position in wheat futures.
• 3:30 PM ET – CFTC Estimated Positions: Previous 348.1K; This information shows the speculative interest in corn futures.
• 3:30 PM ET – CFTC Soybean Estimates: Previous 14.5K; This report presents a tentative outlook for soybean futures.
For more information and latest updates, please see the Economic Calendar here.
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