PMI data, existing home sales to shape market sentiment Friday

As traders approach another pivotal day for financial markets on Friday, January 24, 2025, a series of crucial economic data releases that could sway market dynamics are expected. The spotlight will be on manufacturing and services PMI figures, as well as existing home sales data, which are poised to provide valuable insights into the health of the U.S. economy.

Major Economic Events to Watch

• 9:45 AM ET – Manufacturing PMI (Jan): Expected 49.8, Previous 49.4. This index measures 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 (Dec): Expected 4.19M, Previous 4.15M. This report gauges the strength of the U.S. housing market.

Other Important Economic Events to Watch

• 9:45 AM ET – S&P Global Composite PMI (Jan): Previous 55.4. This index provides a comprehensive view of business activity across both manufacturing and services sectors.

• 10:00 AM ET – Michigan Consumer Expectations (Jan): Expected 70.2, Previous 73.3. This component reflects consumers’ outlook on future economic conditions.

• 10:00 AM ET – Michigan Consumer Sentiment (Jan): Expected 73.2, Previous 74.0. This index rates the relative level of current and future economic conditions.

• 10:00 AM ET – Existing Home Sales (MoM) (Dec): Previous 4.8%. This measures the change in the number of existing residential buildings sold.

• 1:00 PM ET – Baker Hughes (NASDAQ:) U.S. Rig Count: Previous 478. This serves as a leading indicator of demand for oil products.

• 1:00 PM ET – U.S. Baker Hughes Total (EPA:) Rig Count: Previous 580. This provides a broader view 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. This data reflects speculative positioning in the tech-heavy .

• 3:30 PM ET – CFTC Gold speculative positions: Previous 279.4K. This report shows speculative interest in .

• 3:30 PM ET – CFTC Crude Oil speculative positions: Previous 306.3K. This data indicates speculative positioning in futures.

Other Economic Events to Watch

• 10:00 AM ET – Michigan 1-Year Inflation Expectations (Jan): Expected 3.3%, Previous 2.8%. This survey measures consumers’ inflation expectations for the next year.

• 10:00 AM ET – Michigan 5-Year Inflation Expectations (Jan): Expected 3.3%, Previous 3.0%. This survey presents median expected price changes for the next 5 years.

• 10:00 AM ET – Michigan Current Conditions (Jan): Expected 77.9, Previous 75.1. This component reflects consumers’ assessment of current economic conditions.

• 11:00 AM ET – KC Fed Manufacturing Index (Jan): Previous -5. This survey provides information on current manufacturing activity in the Tenth District.

• 11:00 AM ET – KC Fed Composite Index (Jan): Previous -4. This index offers a broader view of economic activity in the Tenth District.

• 3:30 PM ET – CFTC Aluminium 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. This data reflects 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: Previous -71.6K. This data shows speculative interest in .

• 3:30 PM ET – CFTC Wheat speculative positions: Previous -82.2K. This report reflects speculative positioning in wheat futures.

• 3:30 PM ET – CFTC speculative positions: Previous 348.1K. This data indicates speculative interest in corn futures.

• 3:30 PM ET – CFTC Soybeans speculative positions: Previous 14.5K. This report shows speculative positioning in soybean futures.

For further information and the latest updates, please refer to our Economic Calendar, here.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.