Upcoming economic events 24 March 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
00:30		2 points	au Jibun Bank Services PMI (Mar)	———-	53.7
09:00		2 points	HCOB Eurozone Manufacturing PMI (Mar)	48.3	47.6
09:00		2 points	HCOB Eurozone Composite PMI (Mar)	———-	50.2
09:00		2 points	HCOB Eurozone Services PMI (Mar)	51.2	50.6
13:45		3 points	S&P Global Manufacturing PMI (Mar)	51.9	52.7
13:45		2 points	S&P Global Composite PMI (Mar)	———-	51.6
13:45		3 points	S&P Global Services PMI (Mar)	51.2	51.0
17:45		2 points	FOMC Member Bostic Speaks	———-	———-
19:10		2 points	Fed Vice Chair for Supervision Barr Speaks	———-	———-
23:50		2 points	Monetary Policy Meeting Minutes	———-	———-

Summary of Upcoming Economic Events on March 24, 2025

Japan (🇯🇵)

1. au Jibun Bank Services PMI (00:30 UTC)
   • Previous: 53.7
   • Market Impact:
     • A reading above 50 indicates expansion in the Japanese service sector, which may support the JPY.
     • A weaker figure could suggest slowing momentum, pressuring the yen.

Eurozone (🇪🇺)

2. HCOB Eurozone Manufacturing PMI (09:00 UTC)
   • Forecast: 48.3 | Previous: 47.6
   • Market Impact:
     • A rise signals improving manufacturing activity, potentially boosting EUR.
     • Continued contraction (below 50) may weigh on Eurozone growth expectations.
3. HCOB Eurozone Composite PMI (09:00 UTC)
   • Previous: 50.2
   • Market Impact:
     • A value above 50 signals economic expansion, strengthening investor sentiment toward the euro area.
4. HCOB Eurozone Services PMI (09:00 UTC)
   • Forecast: 51.2 | Previous: 50.6
   • Market Impact:
     • A strong print supports service sector growth, which dominates the Eurozone economy.
     • May further support EUR and regional equities.

United States (🇺🇸)

5. S&P Global Manufacturing PMI (13:45 UTC)
   • Forecast: 51.9 | Previous: 52.7
   • Market Impact:
     • A reading above 50 signals manufacturing growth and may strengthen USD.
     • A drop below expectations could weaken equity markets and the dollar.
6. S&P Global Composite PMI (13:45 UTC)
   • Previous: 51.6
   • Market Impact:
     • Offers insight into overall economic momentum.
     • Any sharp decline may raise concerns over economic resilience.
7. S&P Global Services PMI (13:45 UTC)
   • Forecast: 51.2 | Previous: 51.0
   • Market Impact:
     • Strength in this data may reinforce the Fed’s hawkish stance, potentially lifting USD.
     • Weakness could fuel rate cut expectations.
8. FOMC Member Bostic Speaks (17:45 UTC)
   • Market Impact:
     • Hawkish comments could boost the USD.
     • Dovish tone may suggest monetary easing, pressuring the dollar.
9. Fed Vice Chair for Supervision Barr Speaks (19:10 UTC)
   • Market Impact:
     • Comments on financial conditions or regulation may impact banking and bond sectors.

Japan (🇯🇵)

10. Monetary Policy Meeting Minutes (23:50 UTC)

• Market Impact:
  • May offer insight into BoJ’s policy outlook.
  • Any hawkish shift could surprise markets and strengthen the yen.

Market Impact Analysis

• JPY: PMI and BoJ minutes could drive volatility in yen crosses.
• EUR: PMI strength may support the euro, especially if both manufacturing and services improve.
• USD: PMI and Fed speakers will be key drivers of dollar direction.

Overall Impact Score: 6/10

Key Focus: US PMI readings and FOMC commentary, with secondary attention on Eurozone PMI data.