Upcoming economic events 5 February 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
00:30		2 points	au Jibun Bank Services PMI (Jan)	52.7	50.9
01:45		2 points	Caixin Services PMI (Jan)	52.3	52.2
09:00		2 points	HCOB Eurozone Composite PMI (Jan)	50.2	49.6
09:00		2 points	HCOB Eurozone Services PMI (Jan)	51.4	51.6
13:15		3 points	ADP Nonfarm Employment Change (Jan)	148K	122K
13:30		2 points	Exports (Dec)	———-	273.40B
13:30		2 points	Imports (Dec)	———-	351.60B
13:30		2 points	Trade Balance (Dec)	-96.50B	-78.20B
14:00		2 points	ECB’s Lane Speaks	———-	———-
14:45		2 points	S&P Global Composite PMI (Jan)	52.4	55.4
14:45		3 points	S&P Global Services PMI (Jan)	52.8	56.8
15:00		2 points	ISM Non-Manufacturing Employment (Jan)	———-	51.4
15:00		3 points	ISM Non-Manufacturing PMI (Jan)	54.2	54.1
15:00		3 points	ISM Non-Manufacturing Prices (Jan)	———-	64.4
15:30		3 points	Crude Oil Inventories	———-	3.463M
15:30		2 points	Cushing Crude Oil Inventories	———-	0.326M
18:00		2 points	Atlanta Fed GDPNow (Q1)	3.9%	3.9%
20:00		2 points	FOMC Member Bowman Speaks	———-	———-

Summary of Upcoming Economic Events on February 5, 2025

Japan (🇯🇵)

1. au Jibun Bank Services PMI (Jan)(00:30 UTC)
   • Forecast: 52.7, Previous: 50.9.
   • Expansion in services suggests resilience in Japan’s economy.

China (🇨🇳)

2. Caixin Services PMI (Jan)(01:45 UTC)
   • Forecast: 52.3, Previous: 52.2.
   • A strong reading may support risk sentiment in Asian markets.

Eurozone (🇪🇺)

3. HCOB Eurozone Composite PMI (Jan)(09:00 UTC)
   • Forecast: 50.2, Previous: 49.6.
   • Moving above 50 indicates a shift to economic expansion.
4. HCOB Eurozone Services PMI (Jan)(09:00 UTC)
   • Forecast: 51.4, Previous: 51.6.
   • Stability in the services sector could support the euro.
5. ECB’s Lane Speaks(14:00 UTC)
   • Investors will listen for insights on monetary policy.

United States (🇺🇸)

6. ADP Nonfarm Employment Change (Jan)(13:15 UTC)
   • Forecast: 148K, Previous: 122K.
   • A strong reading could raise expectations for Friday’s NFP report.
7. Trade Balance (Dec)(13:30 UTC)
   • Forecast: -96.50B, Previous: -78.20B.
   • A widening deficit may pressure the dollar.
8. S&P Global Composite PMI (Jan)(14:45 UTC)
   • Forecast: 52.4, Previous: 55.4.
   • A decline may indicate slowing U.S. economic momentum.
9. ISM Non-Manufacturing PMI (Jan)(15:00 UTC)
   • Forecast: 54.2, Previous: 54.1.
   • A strong services sector supports U.S. growth outlook.
10. Crude Oil Inventories (15:30 UTC)

• Previous: 3.463M.
• A large inventory build could pressure oil prices.

11. Atlanta Fed GDPNow (Q1) (18:00 UTC)

• Forecast: 3.9%, Previous: 3.9%.
• Investors will assess whether growth expectations remain strong.

12. FOMC Member Bowman Speaks (20:00 UTC)

• Potential insights on Fed policy direction.

Market Impact Analysis

• JPY: Strong PMI may support yen strength.
• EUR: PMI and ECB speeches could influence euro movement.
• USD: ADP jobs data and ISM services PMI will shape Fed rate expectations.
• Oil Prices: Inventory data may drive short-term price swings.

Volatility & Impact Score

• Volatility: Moderate to High (U.S. jobs data and ISM PMI are key).
• Impact Score: 7/10 – U.S. labor data, PMI reports, and oil inventory shifts could drive market movement.