Upcoming economic events 27 January 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
01:30		2 points	Chinese Composite PMI (Jan)	52.1	52.2
01:30		3 points	Manufacturing PMI (Jan)	50.1	50.1
01:30		2 points	Non-Manufacturing PMI (Jan)	———-	52.2
08:10		2 points	ECB President Lagarde Speaks	———-	———-
13:00		2 points	Building Permits (Dec)	1.483M	1.493M
15:00		2 points	New Home Sales (MoM) (Dec)	———-	5.9%
15:00		3 points	New Home Sales (Dec)	669K	664K
15:35		2 points	ECB President Lagarde Speaks	———-	———-
18:00		2 points	2-Year Note Auction	———-	4.335%
18:00		2 points	5-Year Note Auction	———-	4.478%

Summary of Upcoming Economic Events on January 27, 2025

China (🇨🇳)

1. Chinese Composite PMI (Jan)(01:30 UTC):
   • Forecast: 52.1, Previous: 52.2.
   • Reflects overall economic activity, combining both manufacturing and non-manufacturing PMI readings.
2. Manufacturing PMI (Jan)(01:30 UTC):
   • Forecast: 50.1, Previous: 50.1.
   • A reading above 50 indicates expansion, while below 50 suggests contraction.
3. Non-Manufacturing PMI (Jan)(01:30 UTC):
   • Previous: 52.2.
   • Measures performance in China’s services and construction sectors.

Eurozone (🇪🇺)

4. ECB President Lagarde Speaks (08:10 & 15:35 UTC):
   • ECB President Christine Lagarde will address economic and monetary policy topics. Comments on inflation, interest rates, or economic risks could influence the EUR.

United States (🇺🇸)

5. Building Permits (Dec)(13:00 UTC):
   • Forecast: 1.483M, Previous: 1.493M.
   • Reflects the number of new residential construction projects approved, a forward-looking housing market indicator.
6. New Home Sales (Dec)(15:00 UTC):
   • Forecast: 669K, Previous: 664K.
   • New Home Sales MoM (Dec): Previous: +5.9%.
   • Provides insight into demand in the housing market.
7. 2-Year & 5-Year Note Auctions (18:00 UTC):
   • 2-Year Note: Previous: 4.335%.
   • 5-Year Note: Previous: 4.478%.
   • Auction yields can impact U.S. bond markets and the USD.

Market Impact Analysis

CNY:

• Manufacturing PMI holding at 50.1 suggests stabilization but minimal expansion in the manufacturing sector.
• Strong Composite PMI could indicate continued post-pandemic recovery, boosting confidence in China’s growth trajectory and CNY.

EUR:

• Lagarde’s Speeches are critical. If she signals further tightening or acknowledges sustained inflation risks, the EUR could strengthen. However, dovish remarks may weigh on the currency.

USD:

• Building Permits and New Home Sales provide critical insights into the strength of the U.S. housing market. Weak readings may signal slowing economic momentum.
• Treasury Note Auctions: Higher yields could support the USD as investors seek attractive returns.

Volatility & Impact Score

• Volatility: Moderate (PMIs, ECB and Fed commentary, and U.S. housing data could influence currencies).
• Impact Score: 7/10 – The focus will be on China’s economic momentum and how ECB and U.S. data shape expectations for monetary policy in 2025.