PMI data, consumer sentiment in focus for Friday's economic releases

As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Friday, November 22, 2024. The spotlight will be on the Manufacturing and Services PMI reports, which offer insights into the health of these key sectors of the U.S. economy.

Major Economic Events to Watch

• 9:45 AM ET - Manufacturing PMI: A key indicator of manufacturing sector activity, previous reading 48.5

• 9:45 AM ET - Services PMI: Measures activity in the service sector, previous reading 55.0

Other Important Economic Events to Watch

• 9:45 AM ET - S&P Global Composite PMI: Combines manufacturing and services data, previous 54.1

• 10:00 AM ET - Michigan Consumer Sentiment: Gauges consumer confidence, forecast 73.0, previous 70.5

• 10:00 AM ET - Michigan Consumer Expectations: Measures future economic expectations, forecast 78.5, previous 74.1

• 1:00 PM ET - Baker Hughes (NASDAQ:BKR ) U.S. Rig Count: Indicates oil drilling activity, previous 478

• 1:00 PM ET - U.S. Baker Hughes Total (EPA:TTEF ) Rig Count: Total active drilling rigs, previous 584

• 3:30 PM ET - CFTC S&P 500 speculative positions: Reflects market sentiment, previous 25.0K

• 3:30 PM ET - CFTC Nasdaq 100 speculative positions: Indicates speculative activity, previous 16.4K

• 3:30 PM ET - CFTC Gold speculative positions: Shows gold market positioning, previous 236.5K

• 3:30 PM ET - CFTC Crude Oil speculative positions: Reflects oil market sentiment, previous 186.9K

• 6:15 PM ET - FOMC Member Bowman Speaks: May provide insights into monetary policy

Other Economic Events to Watch

• 10:00 AM ET - Michigan 5-Year Inflation Expectations: Long-term inflation outlook, forecast 3.1%, previous 3.0%

• 10:00 AM ET - Michigan Current Conditions: Assesses current economic situation, forecast 64.4, previous 64.9

• 10:00 AM ET - Michigan 1-Year Inflation Expectations: Short-term inflation outlook, forecast 2.6%, previous 2.7%

• 3:30 PM ET - CFTC Aluminium speculative net positions: Indicates aluminum market sentiment, previous 3.0K

• 3:30 PM ET - CFTC Copper speculative positions: Reflects copper market positioning, previous 20.8K

• 3:30 PM ET - CFTC Silver speculative positions: Shows silver market sentiment, previous 47.6K

• 3:30 PM ET - CFTC Natural Gas speculative positions: Indicates natural gas market positioning, previous -156.1K

• 3:30 PM ET - CFTC Wheat speculative positions: Reflects wheat market sentiment, previous -38.5K

• 3:30 PM ET - CFTC Corn speculative positions: Shows corn market positioning, previous 177.6K

• 3:30 PM ET - CFTC Soybeans speculative positions: Indicates soybean market sentiment, previous -77.1K

For further information and the latest updates, please refer to our Economic Calendar, here.

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

Source: Investing.com