Jeremy Oles
Share it!
| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | Chinese Composite PMI (Mar) | ———- | 51.1 |
| 01:30 | | 2 points | Manufacturing PMI (Mar) | 50.4 | 50.2 |
| 01:30 | | 2 points | Non-Manufacturing PMI (Mar) | 50.5 | 50.4 |
| 13:45 |  | 2 points | Chicago PMI (Mar) | 45.5 | 45.5 |
| 23:50 |  | 2 points | Tankan All Big Industry CAPEX (Q1) | ———- | 11.3% |
| 23:50 | | 2 points | Tankan Big Manufacturing Outlook Index (Q1) | 9 | 13 |
| 23:50 | | 2 points | Tankan Large Manufacturers Index (Q1) | 12 | 14 |
| 23:50 | | 2 points | Tankan Large Non-Manufacturers Index (Q1) | 33 | 33 |
Summary of Upcoming Economic Events on March 31, 2025
China (🇨🇳)
- Chinese Composite PMI (01:30 UTC)
- Previous: 51.1
- Market Impact:
- Measures activity in both manufacturing and services sectors.
- Readings above 50 indicate expansion; supportive for risk assets and the Chinese yuan (CNY).
- Manufacturing PMI (01:30 UTC)
- Forecast: 50.4 | Previous: 50.2
- Market Impact:
- Critical for industrial outlook and global commodity sentiment.
- A beat could lift Asian equities and commodity currencies (AUD, NZD).
- Non-Manufacturing PMI (01:30 UTC)
- Forecast: 50.5 | Previous: 50.4
- Market Impact:
- Reflects strength in China’s service sector.
- A higher print could further support global risk appetite.
United States (🇺🇸)
- Chicago PMI (13:45 UTC)
- Forecast: 45.5 | Previous: 45.5
- Market Impact:
- Regional manufacturing sentiment gauge.
- Below-50 values suggest contraction and may weigh on the USD or equities.
Japan (🇯🇵)
- Tankan Survey Data (23:50 UTC)
- Tankan All Big Industry CAPEX (Q1):
- Previous: 11.3%
- Reflects capital expenditure outlook, important for long-term investment trends.
- Tankan Big Manufacturing Outlook Index (Q1):
- Forecast: 9 | Previous: 13
- Tankan Large Manufacturers Index (Q1):
- Forecast: 12 | Previous: 14
- Tankan Large Non-Manufacturers Index (Q1):
- Forecast: 33 | Previous: 33
- Market Impact:
- Declining sentiment could weaken the Japanese yen (JPY) and weigh on domestic equities.
- Stability or surprise improvement may strengthen JPY.
- Tankan All Big Industry CAPEX (Q1):
Market Impact Analysis
- CNY & Risk Sentiment: Chinese PMI results are key; improvement could boost emerging markets and commodities.
- USD: Chicago PMI may influence short-term sentiment, especially in equity and bond markets.
- JPY: Tankan data could affect monetary policy expectations and JPY valuation.
Overall Impact Score: 6/10
Key Focus: Chinese PMIs and Japanese Tankan survey — both pivotal for gauging regional economic strength.
