Economic calendar: Focus on ISM manufacturing data

Markets rise as investors hope for central banks’ action
US ISM expected to drop but hold above expansion-contraction threshold
RBA may cut rates overnight

Risky assets rebound on Monday morning on hopes that global central banks will step in and provide additional stimulus. Markets are almost pricing a 50 bps Fed rate cut at the March 18 meeting. PMI data for February will be released throughout the European trading session but as these will be final release, no major market reaction is expected. US ISM is the key point of the US session while RBA rate decision will be closely watched during the next Asian session.

8:55 am GMT - Germany, manufacturing PMI for February (final). Preliminary release: 47.8 pts

9:00 am GMT - Euro area, manufacturing PMI for February (final). Preliminary release: 49.1 pts

9:30 am GMT - UK, manufacturing PMI for February (final). Preliminary release: 51.9 pts

2:45 pm GMT - US, manufacturing PMI for February (final). Preliminary release: 50.8 pts

3:00 pm GMT - US, ISM manufacturing for February. The US ISM release is a key point in today’s calendar. When it comes to the US, this measure is more closely watched than PMIs. February’s reading will show an extent to which production freeze in China spilled over to the United States. A reading is expected to show a drop from 50.9 to 50.4 pts.

Asian session

3:30 am GMT - RBA rate decision

18 November 2025, 6:50 PM

Daily summary: Wall Street tries to rebound 📈Amazon and Microsoft under pressure of Rotschild & Co Redburn

18 November 2025, 4:42 PM

Fed's Barkin remarks on US economy 🗽EURUSD drops to 1.157

18 November 2025, 3:03 PM

BREAKING: US macro data weaker than expected 📌Orders revised slightly lower

18 November 2025, 7:17 AM

Economic Calendar: A Quiet Tuesday on the Markets, but the US Draws Attention (18.11.2025)

Economic reports

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Economic calendar: Focus on ISM manufacturing data

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