Upcoming economic events 24 June 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
05:00		2 points	BoJ Core CPI (YoY)	2.5%	2.4%
11:15		2 points	ECB’s De Guindos Speaks	———-	———-
12:30		2 points	Current Account (Q1)	-444.0B	-303.9B
13:00		2 points	S&P/CS HPI Composite – 20 n.s.a. (MoM) (Apr)	———-	1.1%
13:00		2 points	S&P/CS HPI Composite – 20 n.s.a. (YoY) (Apr)	4.2%	4.1%
13:00		2 points	ECB President Lagarde Speaks	———-	———-
13:55		2 points	ECB’s Lane Speaks	———-	———-
14:00		2 points	CB Consumer Confidence (Jun)	99.1	98.0
14:00		2 points	Fed Chair Powell Testifies	———-	———-
16:00		2 points	2-Year Note Auction	———-	3.955%
16:30		2 points	FOMC Member Williams Speaks	———-	———-
20:00		2 points	Fed Vice Chair for Supervision Barr Speaks	———-	———-
20:30		2 points	API Weekly Crude Oil Stock	———-	-10.133M

Summary of Upcoming Economic Events on June 24, 2025

Japan

1. BoJ Core CPI (YoY) – 05:00 UTC

• Forecast: 2.5% | Previous: 2.4%
• Market Impact:
  A rise above 2.4% signals persistent inflation, potentially reinforcing expectations for a less dovish BoJ stance. This might push yields higher and strengthen JPY if persistent.

Eurozone

2. ECB’s De Guindos, Lagarde & Lane Speak – 11:15, 13:00, 13:55 UTC

• Market Impact:
  These talks follow June rate decisions and should offer fresh insight into ECB’s policy trajectory.
  Hawkish tones could push EUR higher, while cautious or doveish remarks may cap any further gains.

United States

3. Current Account (Q1) – 12:30 UTC

• Forecast: –$444.0B | Previous: –$303.9B
• Market Impact:
  A widening deficit raises concerns about net external demand and may weigh on USD, especially if it signals weaker trade flows.

4. S&P/Case‑Shiller Home Price Index (Apr) – 13:00 UTC

• Forecast YoY: 4.2% | Previous: 4.1%
• Market Impact:
  Rising home prices support the view of stable housing market strength and can bolster USD and rate‑sensitive sectors.

5. CB Consumer Confidence (Jun) – 14:00 UTC

• Forecast: 99.1 | Previous: 98.0
• Market Impact:
  An uptick in sentiment can signal stronger consumer spending and may support rate‑sensitive USD and equities.

6. Fed Chair Powell Testifies – 14:00 UTC

• Market Impact:
  Critical event—any change to tone on inflation or policy could move bonds, USD, and equities significantly.

7. 2‑Year Note Auction – 16:00 UTC

• Previous Yield: 3.955%
• Market Impact:
  Strong demand may hold short‑term rates stable, while weak uptake could pressure Treasury yields upward.

8. FOMC Member Williams Speaks – 16:30 UTC

• Market Impact:
  Additional Fed commentary may reinforce or soften market expectations around forward guidance.

9. Fed Vice Chair for Supervision Barr Speaks – 20:00 UTC

• Market Impact:
  Comments on financial stability or regulatory outlook may influence bank stocks and broader risk sentiment.

10. API Weekly Crude Oil Stock – 20:30 UTC

• Forecast: –10.133M
• Market Impact:
  A very large stock draw can spark oil price volatility, which may flow through to inflation expectations and impact energy equities.

Market Impact Analysis

• U.S. data and Powell’s testimony will drive USD, bond yields, and equity moves. A hawkish tone or surprise home‑price strength could push long‑term yields higher.
• BoJ CPI may shift expectations for monetary path in Japan, impacting JPY.
• ECB commentary will influence EUR dynamics after the June rate decision.
• Oil inventory data late in the session may disrupt energy and CPI-linked valuation.

Overall Impact Score: 9/10

Key Takeaways:

• Powell’s Congressional testimony is the central event of the day—markets will key into hints of policy shifts or inflation concerns.
• Watch for housing data and current‑account release, which could modify USD tone.
• ECB speeches and BoJ inflation provide important clues on policy direction across multiple regions.
• A large API crude draw could trigger late‑day energy volatility, influencing broader asset prices.