9:16 AM · 3 March 2025

Economic calendar: US Manufacturing ISM and European CPI flash in market focus

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European markets open higher; U.S. indices futures post slight gains

European data and the U.S. ISM Manufacturing PMI for February take center stage
Preliminary Eurozone CPI inflation for February expected to decline to 2.3% YoY from 2.5% in January; core inflation expected to fall from 2.7% to 2.5%
Final February PMI readings from Eurozone, Germany, France, Switzerland, and Italy slightly higher than expected

Economic Calendar

8:55 AM GMT – Germany Final Manufacturing PMI (Feb): 46.5 Expected 46.1 (unchanged)

9 AM GMT – Eurozone Final Manufacturing PMI (Feb): 47.6 Expected 47.3 (unchanged)

9:30 AM GMT – UK Final Manufacturing PMI (Feb): Expected 46.4 (unchanged)

10 AM GMT – Eurozone Preliminary CPI Inflation (Feb):

YoY: 2.3% vs. 2.5% previous
MoM: 0.4% vs. -0.3% previous
Core CPI YoY: 2.5% vs. 2.7% previous

2:45 PM GMT – U.S. Final Manufacturing PMI (Feb): Expected 51.6 (unchanged)

3 PM GMT – U.S. ISM Manufacturing PMI (Feb): 50.8 vs. 50.9 previous

Prices: Expected 56.3 vs. 54.9 previous
New Orders: Expected 54.6 vs. 55.1 previous
Employment: Expected 50.1 vs. 50.3 previous

Central Bank Speeches

3 PM GMT – ECB’s Buch
5:35 PM GMT – Fed’s Musalem

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Economic reports

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