Upcoming economic events 11 July 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
08:00		2 points	IEA Monthly Report	———-	———-
16:00		2 points	WASDE Report	———-	———-
17:00		2 points	U.S. Baker Hughes Oil Rig Count	———-	425
17:00		2 points	U.S. Baker Hughes Total Rig Count	———-	539
18:00		2 points	Federal Budget Balance (Jun)	———-	-316.0B

Summary of Upcoming Economic Events on July 11, 2025

United States – Energy, Agriculture & Fiscal Data

IEA Monthly Report – 08:00 UTC

• Impact: Provides global energy market outlooks. Bullish demand projections or production constraints could lift oil prices. Key driver for energy equities and inflation expectations.

WASDE Report – 16:00 UTC

• Impact: USDA’s update on global agricultural supply/demand affects soft commodity markets (corn, soybeans, wheat). Major deviations can trigger volatility in agri-commodities and related equities.

U.S. Baker Hughes Oil Rig Count – 17:00 UTC

• Previous: 425
• Impact: Tracks U.S. oil production trends. A falling rig count suggests tightening supply and can support WTI prices. Implications for energy sector performance.

U.S. Baker Hughes Total Rig Count – 17:00 UTC

• Previous: 539
• Impact: Broader measure of drilling activity. Rising numbers suggest investment strength in the energy sector, potentially lifting industrial and energy-linked assets.

Federal Budget Balance (Jun) – 18:00 UTC

• Previous: –316.0B
• Impact: High deficits raise concerns about Treasury issuance and long-term fiscal stability. A better-than-expected balance may ease bond supply fears, supporting Treasuries.

Market Impact Analysis

This day is dominated by commodity and fiscal reports. The IEA and WASDE data could stir energy and agriculture markets, while budget numbers and rig counts offer insight into U.S. economic strength and inflation risks. Market participants will watch for signs of tightening supply or improved fiscal health.

Overall Impact Score: 6/10

Key Watchpoints

• IEA tone on global demand – crucial for short-term oil price trajectory.
• WASDE updates – may affect inflation hedging and agri-related trades.
• Budget surprises – could impact USD and Treasury yield curves.
• Rig count trends – signal U.S. energy output path and future inflationary input costs.