As traders approach another important day for the financial markets on Friday, January 24, 2025, a series of important economic data releases that could change market dynamics. The spotlight is on the manufacturing and services PMI numbers, as well as the already available home sales data, which are poised to provide important insight into the health of the US economy.

Key Economic Events to Watch

• 9:45 AM ET – Manufacturing PMI (Jan): Expected 49.8, Previous 49.4. This index measures the level of activity of purchasing managers in the manufacturing sector.

• 9:45 AM ET – Services PMI (Jan): Expected 56.4, Previous 56.8. This release is based on surveys of executives in private sector service companies.

• 10:00 AM ET – Available Home Sales (Dec): Expected 4.19M, Was 4.15M. This report measures the strength of the US housing market.

Other Important Economic Events to Watch

• 9:45 AM ET – S&P Global Composite PMI (Jan): Last 55.4. This index provides a comprehensive view of business activity in both the manufacturing and service sectors.

• 10:00 AM ET – Michigan Consumer Expectations (Jan): Expected 70.2, Past 73.3. This segment reflects consumers’ perception of the future state of the economy.

• 10:00 AM ET – Michigan Consumer Sentiment (Jan): Expected 73.2, Past 74.0. This index rates the relative level of current and future economic conditions.

• 10:00 AM ET – Available Home Sales (MoM) (Dec): Was 4.8%. It measures the change in the number of residential buildings sold.

• 1:00 PM ET – Baker Hughes (NASDAQ:) US Rig Count: Previously 478. This serves as a leading indicator of demand for oil products.

• 1:00 PM UG – US Baker Hughes Total (EPA:) Rig Count: Previously 580. This provides a broader view of drilling activity in all sectors.

• 3:30 PM ET – CFTC S&P 500 speculative positions: Previously -30.5K. This report offers insight into market sentiment among speculative traders.

• 3:30 PM ET – CFTC speculative positions: Previously 10.5K. This data shows the speculative positioning of tech-heavy.

• 3:30 PM ET – CFTC Gold speculative positions: Previously 279.4K. This report shows speculative interest in .

• 3:30 PM ET – CFTC Crude Oil speculative positions: Previously 306.3K. This data shows speculative positioning in the future.

Other Economic Events to Watch

• 10:00 AM ET – Michigan 1-Year Inflation Expectations (Jan): Expected 3.3%, Previously 2.8%. This survey measures consumers’ inflation expectations for the next year.

• 10:00 AM ET – Michigan 5-Year Inflation Expectations (Jan): Expected 3.3%, Was 3.0%. This survey shows median expected price changes over the next 5 years.

• 10:00 AM ET – Michigan Current Conditions (Jan): Expected 77.9, Past 75.1. This segment reflects the consumer’s assessment of the current state of the economy.

• 11:00 AM ET – KC Fed Manufacturing Index (Jan): Previous -5. This survey provides information on current manufacturing activity in the Tenth District.

• 11:00 AM ET – KC Fed Composite Index (Jan): Previously -4. This index offers a broader view of economic activity in the Tenth District.

• 3:30 PM ET – CFTC Aluminum speculative net positions: Previously 3.4K. This report shows the speculative positioning of aluminum futures.

• 3:30 PM ET – CFTC Copper speculative positions: Previously 11.8K. This data shows speculative interest in .

• 3:30 PM ET – CFTC Silver speculative positions: Previously 46.1K. This report shows the speculative positioning of.

• 3:30 PM ET – CFTC Natural Gas speculative positions: Previously -71.6K. This data shows speculative interest in .

• 3:30 PM ET – CFTC Wheat speculative positions: Previously -82.2K. This report shows the speculative positioning of wheat futures.

• 3:30 PM ET – CFTC speculative positions: Previously 348.1K. This data shows speculative interest in corn futures.

• 3:30 PM ET – CFTC Soybeans speculative positions: Previously 14.5K. This report shows the speculative positioning of soybean futures.

For more information and latest updates, please see our Economic Calendar, HERE.

This article was created with the support of AI and reviewed by an editor. For more information see our T&C.