Upcoming economic events 3 April 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
00:30		2 points	RBA Financial Stability Review	———-	———-
00:30		2 points	Trade Balance (Feb)	5.380B	5.620B
00:30		2 points	au Jibun Bank Services PMI (Mar)	49.5	53.7
01:45		2 points	Caixin Services PMI (Mar)	51.5	51.4
03:35		2 points	10-Year JGB Auction	———-	1.404%
07:20		2 points	ECB’s De Guindos Speaks	———-	———-
08:00		2 points	HCOB Eurozone Composite PMI (Mar)	50.4	50.2
08:00		2 points	HCOB Eurozone Services PMI (Mar)	50.4	50.6
10:00		2 points	OPEC Meeting	———-	———-
10:00		2 points	ECB’s Schnabel Speaks	———-	———-
11:30		2 points	ECB Publishes Account of Monetary Policy Meeting	———-	———-
12:30		2 points	Continuing Jobless Claims	1,860K	1,856K
12:30		2 points	Exports (Feb)	———-	269.80B
12:30		2 points	Imports (Feb)	———-	401.20B
12:30		3 points	Initial Jobless Claims	225K	224K
12:30		2 points	Trade Balance (Feb)	-122.50B	-131.40B
13:45		2 points	S&P Global Composite PMI (Mar)	53.5	51.6
13:45		3 points	S&P Global Services PMI (Mar)	54.3	51.0
14:00		2 points	ISM Non-Manufacturing Employment (Mar)	———-	53.9
14:00		3 points	ISM Non-Manufacturing PMI (Mar)	53.0	53.5
14:00		3 points	ISM Non-Manufacturing Prices (Mar)	———-	62.6
17:00		2 points	Atlanta Fed GDPNow (Q1)	-3.7%	-3.7%
20:30		2 points	Fed’s Balance Sheet	———-	6,740B
23:30		2 points	Household Spending (MoM) (Feb)	0.5%	-4.5%
23:30		2 points	Household Spending (YoY) (Feb)	-0.9%	0.8%

Summary of Upcoming Economic Events on April 3, 2025

Australia (🇦🇺)

1. RBA Financial Stability Review (00:30 UTC)
   • Market Impact:
     • Offers insight into the central bank’s assessment of financial risks.
     • Could influence expectations for future RBA policy.
2. Trade Balance (Feb)
   • Forecast: 5.380B
   • Previous: 5.620B
   • Market Impact:
     • A higher surplus may support the AUD, indicating strong export performance.
     • A miss could signal weaker trade dynamics.

Japan (🇯🇵)

3. au Jibun Bank Services PMI (Mar) (00:30 UTC)
   • Forecast: 49.5
   • Previous: 53.7
   • Market Impact:
     • A dip below 50 would indicate contraction in the services sector, potentially pressuring the JPY.
4. 10-Year JGB Auction (03:35 UTC)
   • Previous Yield: 1.404%
   • Market Impact:
     • Higher yields may reflect rising inflation expectations or tighter financial conditions.
5. Household Spending (Feb) (23:30 UTC)
   • MoM Forecast: 0.5% | Previous: -4.5%
   • YoY Forecast: -0.9% | Previous: 0.8%
   • Market Impact:
     • Weak spending would signal declining consumer confidence and could weigh on JPY.

China (🇨🇳)

6. Caixin Services PMI (Mar) (01:45 UTC)
   • Forecast: 51.5
   • Previous: 51.4
   • Market Impact:
     • A stronger-than-expected print would suggest service sector resilience, supporting commodity currencies and global risk appetite.

Eurozone (🇪🇺)

7. ECB Speakers – De Guindos (07:20), Schnabel (10:00)
8. ECB Monetary Policy Meeting Minutes (11:30 UTC)
9. HCOB Eurozone Composite PMI (Mar) (08:00 UTC)
   • Forecast: 50.4 | Previous: 50.2
10. HCOB Eurozone Services PMI (Mar) (08:00 UTC)
    • Forecast: 50.4 | Previous: 50.6

• Market Impact:
  • ECB commentary and PMI data will guide EUR sentiment. Any hawkish signals or strong PMI readings could strengthen the euro.

United States (🇺🇸)

11. Initial Jobless Claims (12:30 UTC)
    • Forecast: 225K | Previous: 224K
12. Continuing Jobless Claims
    • Forecast: 1,860K | Previous: 1,856K
13. Trade Balance (Feb)
    • Forecast: -122.50B | Previous: -131.40B
14. S&P Global Composite & Services PMI (13:45 UTC)
    • Composite Forecast: 53.5 | Previous: 51.6
    • Services Forecast: 54.3 | Previous: 51.0
15. ISM Non-Manufacturing PMI (14:00 UTC)
    • Forecast: 53.0 | Previous: 53.5
16. Atlanta Fed GDPNow (17:00 UTC)
    • Forecast: -3.7%
17. Fed’s Balance Sheet (20:30 UTC)

• Market Impact:
  • PMI and ISM readings will provide signals on service sector health.
  • Trade balance and jobless data may impact the USD.
  • GDPNow projection reflects real-time growth trends, influencing sentiment.

OPEC Meeting (10:00 UTC)

• Market Impact:
  • May affect oil prices based on commentary about supply cuts or demand forecasts.

Overall Market Impact Score: 7/10

Key Focus: U.S. labor data, service sector health (ISM/PMIs), ECB guidance, and Japan’s consumer trends. Markets will be sensitive to signs of economic momentum or slowdown across regions.