Upcoming economic events 12 May 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
10:00		2 points	Eurogroup Meetings	———-	———-
16:00		2 points	WASDE Report	———-	———-
18:00		2 points	Federal Budget Balance (Apr)	256.4B	-161.0B

Summary of Upcoming Economic Events on May 12, 2025

Eurozone (🇪🇺)

1. Eurogroup Meetings – 10:00 UTC
   • Market Impact:
     • Could involve discussions on fiscal coordination, monetary policy alignment, or geopolitical issues.
     • Outcomes may influence EUR and sovereign bond spreads in the Eurozone.

United States (🇺🇸)

2. WASDE Report – 16:00 UTC
   • Market Impact:
     • Key for agricultural commodities (corn, soybeans, wheat).
     • Affects agri-sector stocks, input prices, and may indirectly impact inflation expectations.
3. Federal Budget Balance (Apr) – 18:00 UTC
   • Forecast: $256.4B surplus | Previous: -$161.0B deficit
   • Market Impact:
     • A large surplus reflects strong tax revenue or restrained spending, potentially reducing Treasury issuance needs.
     • May marginally support the USD and ease bond yield pressure.

Market Impact Analysis

• EUR: Sensitive to any fiscal or monetary coordination remarks from Eurogroup.
• USD: Budget figures and WASDE could move Treasuries and commodity-linked sectors.
• Commodities: Watch WASDE for crop yield and inventory changes.

Overall Impact Score: 4/10

Key Focus: U.S. budget balance and Eurogroup policy developments.