Upcoming economic events 21 February 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
00:30		2 points	au Jibun Bank Services PMI (Feb)	———-	53.0
09:00		2 points	HCOB Eurozone Manufacturing PMI (Feb)	46.9	46.6
09:00		2 points	HCOB Eurozone Composite PMI (Feb)	50.5	50.2
09:00		2 points	HCOB Eurozone Services PMI (Feb)	51.5	51.3
14:30		2 points	ECB’s Lane Speaks	———-	———-
14:45		3 points	S&P Global Manufacturing PMI (Feb)	51.3	51.2
14:45		2 points	S&P Global Composite PMI (Feb)	———-	52.7
14:45		3 points	S&P Global Services PMI (Feb)	53.0	52.9
15:00		3 points	Existing Home Sales (Jan)	4.13M	4.24M
15:00		2 points	Existing Home Sales (MoM) (Jan)	———-	2.2%
15:00		2 points	Michigan 1-Year Inflation Expectations (Feb)	4.3%	3.3%
15:00		2 points	Michigan 5-Year Inflation Expectations (Feb)	3.3%	3.2%
15:00		2 points	Michigan Consumer Expectations (Feb)	67.3	67.3
15:00		2 points	Michigan Consumer Sentiment (Feb)	67.8	71.1
18:00		2 points	U.S. Baker Hughes Oil Rig Count	———-	481
18:00		2 points	U.S. Baker Hughes Total Rig Count	———-	588
20:30		2 points	CFTC Crude Oil speculative net positions	———-	220.0K
20:30		2 points	CFTC Gold speculative net positions	———-	284.5K
20:30		2 points	CFTC Nasdaq 100 speculative net positions	———-	13.4K
20:30		2 points	CFTC S&P 500 speculative net positions	———-	-17.1K
20:30		2 points	CFTC AUD speculative net positions	———-	-65.6K
20:30		2 points	CFTC JPY speculative net positions	———-	54.6K
20:30		2 points	CFTC EUR speculative net positions	———-	-64.4K

Summary of Upcoming Economic Events on February 21, 2025

Japan (🇯🇵)

1. au Jibun Bank Services PMI (Feb) (00:30 UTC)
   • Previous: 53.0
   • Indicates growth in Japan’s services sector; a reading above 50 signals expansion.

Eurozone (🇪🇺)

2. HCOB Eurozone Manufacturing PMI (Feb) (09:00 UTC)
   • Forecast: 46.9, Previous: 46.6
   • Below 50 signals contraction; an increase suggests mild improvement.
3. HCOB Eurozone Composite PMI (Feb) (09:00 UTC)
   • Forecast: 50.5, Previous: 50.2
   • A slight expansion in business activity.
4. HCOB Eurozone Services PMI (Feb) (09:00 UTC)
   • Forecast: 51.5, Previous: 51.3
   • Continues to show growth in the services sector.
5. ECB’s Lane Speaks (14:30 UTC)
   • Market will watch for insights on ECB’s rate policy and inflation outlook.

United States (🇺🇸)

6. S&P Global Manufacturing PMI (Feb) (14:45 UTC)
   • Forecast: 51.3, Previous: 51.2
   • Growth in manufacturing expected.
7. S&P Global Composite PMI (Feb) (14:45 UTC)
   • Previous: 52.7
   • Indicates overall economic activity across manufacturing and services.
8. S&P Global Services PMI (Feb) (14:45 UTC)
   • Forecast: 53.0, Previous: 52.9
   • Strength in the services sector suggests consumer demand remains strong.
9. Existing Home Sales (Jan) (15:00 UTC)
   • Forecast: 4.13M, Previous: 4.24M
   • A decline suggests a cooling housing market.
10. Michigan 1-Year Inflation Expectations (Feb) (15:00 UTC)

• Forecast: 4.3%, Previous: 3.3%
• Rising inflation expectations could push the Fed to maintain higher rates.

11. Michigan 5-Year Inflation Expectations (Feb) (15:00 UTC)

• Forecast: 3.3%, Previous: 3.2%
• Long-term inflation sentiment is crucial for monetary policy.

12. Michigan Consumer Expectations (Feb) (15:00 UTC)

• Forecast: 67.3, Previous: 67.3
• Stability indicates consistent future economic confidence.

13. Michigan Consumer Sentiment (Feb) (15:00 UTC)

• Forecast: 67.8, Previous: 71.1
• A decline could indicate weakening consumer confidence.

14. U.S. Baker Hughes Oil Rig Count (18:00 UTC)

• Previous: 481
• Affects oil production and market supply.

15. U.S. Baker Hughes Total Rig Count (18:00 UTC)

• Previous: 588
• Measures overall drilling activity in the U.S.

16. CFTC Speculative Positions (20:30 UTC)

• Crude Oil: Previous: 220.0K
• Gold: Previous: 284.5K
• Nasdaq 100: Previous: 13.4K
• S&P 500: Previous: -17.1K
• AUD: Previous: -65.6K
• JPY: Previous: 54.6K
• EUR: Previous: -64.4K
• Speculative positioning helps gauge investor sentiment on commodities, FX, and indices.

Market Impact Analysis

• EUR: PMI data and ECB comments could influence EUR volatility.
• USD: Inflation expectations and housing data may affect Fed rate expectations.
• JPY: Services PMI and speculative positioning may impact JPY sentiment.
• Oil Prices: Rig count data may provide insights into future oil supply.

Volatility & Impact Score

• Volatility: High (PMI data, housing, inflation expectations).
• Impact Score: 7/10 – PMI and inflation sentiment will drive FX, equity, and bond markets.