Last Week’s Recap: Stocks and the dollar took a small hit after the US PCE data met expectations. This Week’s Agenda: Get ready for a data deluge as important economic indicators are coming from around the world. Central bankers gather in Sintra for the ECB Forum.
This Week’s Highlights:
- Global PMI Data: Get a snapshot of global economic health with purchasing manager indexes released throughout the week. (Mon & Wed)
- Central Bank Updates: Stay tuned for policy clues from the ECB Forum and speeches by Fed Chair Powell and ECB President Lagarde.
- US Non-Farm Payrolls: The week’s big data release arrives Friday, offering insights into the US job market.
- French Elections & Chinese PMI: Early-week volatility is possible with weekend releases of Chinese data and French election results.
Monday:
- Early jitters: Chinese PMI data (released over the weekend) and French election results could cause volatility.
- Focus on Europe: German CPI data arrives first, followed by ECB President Lagarde’s opening remarks at the Sintra forum.
- US chimes in: ISM Manufacturing PMI gauges American factory activity.
Tuesday:
- Australia in the spotlight: RBA meeting minutes and Australian Retail Sales data take center stage.
- Inflation watch: Eurozone’s preliminary CPI numbers could move the market.
- Central bank chiefs take the mic: Both Fed Chair Powell and ECB President Lagarde deliver speeches, while the US releases JOLTS Job Openings data.
Wednesday:
- Australia’s data doubleheader: Retail sales figures followed by China’s Caixin Services PMI.
- US data dump: ADP employment change, jobless claims, and ISM Services PMI paint a picture of the American economy.
- Lagarde’s grand finale: ECB President closes the Sintra forum, followed by the release of the FOMC meeting minutes.
Thursday:
- UK takes center stage: Construction PMI data and elections could stir the pot in Europe.
- Quiet US close: Expect a subdued day with US markets closed for Independence Day.
Friday:
- Jobs Day! US Non-Farm Payrolls headline a busy day with Canadian employment numbers and the Ivey PMI data.
- Lagarde’s last hurrah: One final speech from the ECB President in France.
Categories: Market News
