Upcoming economic events 21 August  2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
00:00		2 points	Jackson Hole Symposium	———-	———-
00:30		2 points	au Jibun Bank Services PMI (Aug)	———-	53.6
08:00		2 points	HCOB Eurozone Manufacturing PMI (Aug)	49.5	49.8
08:00		2 points	HCOB Eurozone Composite PMI (Aug)	50.7	50.9
08:00		2 points	HCOB Eurozone Services PMI (Aug)	50.8	51.0
11:30		2 points	FOMC Member Bostic Speaks	———-	———-
12:30		2 points	Continuing Jobless Claims	1,960K	1,953K
12:30		3 points	Initial Jobless Claims	226K	224K
12:30		3 points	Philadelphia Fed Manufacturing Index (Aug)	6.8	15.9
12:30		2 points	Philly Fed Employment (Aug)	———-	10.3
13:45		3 points	S&P Global Manufacturing PMI (Aug)	49.7	49.8
13:45		2 points	S&P Global Composite PMI (Aug)	———-	55.1
13:45		3 points	S&P Global Services PMI (Aug)	54.2	55.7
14:00		3 points	Existing Home Sales (Jul)	3.92M	3.93M
14:00		2 points	Existing Home Sales (MoM) (Jul)	———-	-2.7%
14:00		2 points	US Leading Index (MoM) (Jul)	-0.1%	-0.3%
17:00		2 points	30-Year TIPS Auction	———-	2.403%
20:30		2 points	Fed’s Balance Sheet	———-	6,644B
23:30		2 points	National Core CPI (YoY) (Jul)	3.0%	3.3%
23:30		2 points	National CPI (MoM) (Jul)	———-	0.1%

Summary of Upcoming Economic Events on August 21, 2025

Global – Central Bank Signals

Jackson Hole Symposium – 00:00 UTC

• Impact: The most critical global macro event of the week. Central bankers, including the Fed, ECB, and BoJ, often use Jackson Hole to hint at long-term policy direction. Any Fed commentary will strongly affect USD, yields, and global equities.

Asia – Japan

au Jibun Bank Services PMI (Aug) – 00:30 UTC

• Prev.: 53.6
• Impact: Stability above 50 shows expansion in Japan’s service sector. A slowdown would weigh on JPY-sensitive equities.

Japan National Core CPI (YoY, Jul) – 23:30 UTC

• Forecast: 3.0% (Prev. 3.3%)
• Impact: Still elevated but showing disinflation. A sharper drop could pressure BoJ to delay tightening, weakening JPY.

Japan National CPI (MoM, Jul) – 23:30 UTC

• Prev.: +0.1%
• Impact: Monthly inflation stability will be watched; higher prints would raise BoJ hawkish pressure.

Europe – PMI Watch

Eurozone Manufacturing PMI (Aug) – 08:00 UTC

• Forecast: 49.5 (Prev. 49.8)
• Impact: Remains in contraction; weak data pressures EUR.

Eurozone Composite PMI (Aug) – 08:00 UTC

• Forecast: 50.7 (Prev. 50.9)
• Impact: Just above 50; any miss risks renewed growth concerns.

Eurozone Services PMI (Aug) – 08:00 UTC

• Forecast: 50.8 (Prev. 51.0)
• Impact: A slowdown would drag EUR and European equity sentiment lower.

United States – Labor, Housing & Inflation Signals

FOMC Member Bostic Speaks – 11:30 UTC

• Impact: Could preview Fed views ahead of Powell at Jackson Hole.

Continuing Jobless Claims – 12:30 UTC

• Forecast: 1.960M (Prev. 1.953M)
• Impact: Steady claims suggest no major labor market shift.

Initial Jobless Claims – 12:30 UTC

• Forecast: 226K (Prev. 224K)
• Impact: Slight rise still consistent with stable labor market.

Philadelphia Fed Manufacturing Index (Aug) – 12:30 UTC

• Forecast: 6.8 (Prev. 15.9)
• Impact: Weaker sentiment points to cooling regional activity.

Philly Fed Employment (Aug) – 12:30 UTC

• Prev.: 10.3
• Impact: Drop would suggest slower labor demand.

S&P Global Manufacturing PMI (Aug) – 13:45 UTC

• Forecast: 49.7 (Prev. 49.8)
• Impact: Still contractionary, reinforcing slower U.S. industry.

S&P Global Services PMI (Aug) – 13:45 UTC

• Forecast: 54.2 (Prev. 55.7)
• Impact: Still strong but decelerating; markets watch for signs of service-driven slowdown.

Existing Home Sales (Jul) – 14:00 UTC

• Forecast: 3.92M (Prev. 3.93M)
• Impact: Lower housing sales confirm cooling demand.

US Leading Index (MoM, Jul) – 14:00 UTC

• Forecast: -0.1% (Prev. -0.3%)
• Impact: Suggests economic activity is weakening but at a slower pace.

30-Year TIPS Auction – 17:00 UTC

• Prev.: 2.403%
• Impact: Weak demand could push yields higher, affecting USD and equities.

Fed’s Balance Sheet – 20:30 UTC

• Prev.: $6.644T
• Impact: Stability or contraction impacts liquidity conditions.

Market Impact Analysis

• Asia: Japan inflation may ease further, softening JPY, but Jackson Hole dominates risk tone.
• Europe: PMI releases likely show continued stagnation, keeping EUR under pressure unless services surprise higher.
• U.S.: Jobless claims, PMIs, housing, and Philly Fed data set a short-term economic tone, but Jackson Hole commentary overshadows all. Expect volatility in USD, Treasuries, and equities.

Overall Impact Score: 9/10

• Key Drivers: Jackson Hole, U.S. jobless claims & PMIs, Eurozone PMIs, Japan CPI.
• Expected Volatility: Very high in USD and EUR; elevated in JPY and equities.