As traders approach another crucial day for financial markets, a series of crucial economic data releases are expected on Friday, January 17, 2025 that could influence market dynamics. The focus will be on building permits, which will provide insight into the health of the real estate sector and broader economic trends.
Main economic events to follow
• 8:30 am (CET) Construction permits (December): forecast 1,460 million, previous 1,493 million. A key indicator of real estate market demand.
Other important economic events to watch
• 8:30 am (CET) Construction permits (monthly) (December): 5.2% previous. Measures the monthly variation in new construction permits issued.
• 8:30 am (CET) Housing starts (December): forecast 1,330 million, previous 1,289 million. Indicates new residential construction activity.
• 8:30 am (CET) Housing construction (monthly) (December): previous -1.8%. Shows the monthly change in the start of construction of new homes.
• 2:15 p.m. (CET) Industrial production (monthly) (December): forecast 0.3%, previous -0.1%. Change of measures in production in the industrial sector.
• 2:15 p.m. (CET) – Industrial production (year-on-year) (December): previous -0.90%. Indicates the annual change in industrial production.
• 12:15 pm (CET): Atlanta Fed current GDP (4th quarter): forecast 3.0%, previous 3.0%. Provides an estimate of GDP growth in real time.
• 1:00 pm Eastern Time – hughes baker (NASDAQ:) Number of US rigs: previous 480. Indicates oil drilling industry activity.
• 1:00 pm ET: US Baker Hughes. Total (EPA:) Rig Count: Previous 584. Shows total active drilling rigs.
• 3:30 PM (CET) – CFTC S&P 500 speculative positions: previous -62.2 thousand. Reveals speculative trading sentiment.
• 15:30 (CET) – CFTC speculative positions: previous 18.8K. Indicates speculative positions in high-tech indices.
• 15:30 (CET) – CFTC speculative gold positions: previous 254.9K. Shows speculative interest in .
• 3:30 PM (CET) – CFTC speculative positions: previous 279.6K. It reflects the speculative sentiment in the oil markets.
• 4:00 PM (CET) – Long-term net ICT transactions (November): forecast $159.9 billion, previous $152.3 billion. Measures foreign investment in US securities.
Other economic events to follow
• 2:15 p.m. (CET) – Manufacturing production (monthly) (December): forecast 0.2%, previous 0.2%. Indicates changes in manufacturing production.
• 9:15 am (CET) – Capacity utilization rate (December): forecast 77.0%, previous 76.8%. Shows the utilization of industrial capacity.
• 15:30 (CET) – CFTC net speculative aluminum positions: previous 2.9K. It reflects speculative interest in aluminum futures.
• 3:30 p.m. (CET), CFTC speculative copper positions: previous 4.3K. It shows speculative sentiment in the markets.
• 15:30 (CET), CFTC speculative silver positions: previous 40.9K. Indicates speculative interest in .
• 15:30 (CET) – CFTC speculative natural gas positions: previous -104.8K. Reflects speculative positions in .
• 15:30 (CET), CFTC speculative wheat positions: previous -79.5 thousand. Shows speculative interest in wheat futures.
• 15:30 (CET) – CFTC speculative positions: previous 319.8K. Indicates speculative positions in corn markets.
• 3:30 PM (CET) – CFTC soybean speculative positions: previous -50,000. It reflects speculative interest in soybean futures.
• 4:00 PM ET: Net Long-Term ICT Transactions Including Swaps (November): Previous $152.30 billion. Measures foreign investment, including swaps.
• 4:00 pm ET – Overall Net Capital Flow (November): Previous $203.60 billion. Shows net international capital flows.
• 4:00 PM (CET): Foreign purchases, Treasury bonds (November): $92.1 billion above. Indicates foreign purchases of US Treasury bonds.
For more information and the latest updates, see our Economic Calendar, here.
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