The financial world is still buzzing after a surprising US jobs report triggered a sell-off in the dollar, a surge in stocks and bonds, and expectations for the Federal Reserve to cut interest rates. This week brings key economic data from the UK and Australia, along with central bank updates. Here’s a breakdown:


Monday, May 6th:

  • Quiet start in Asia, Europe (due to holidays) and the US.
  • Speech by SNB Governor Thomas Jordan.

Tuesday, May 7th:

  • Australia: Reserve Bank of Australia (RBA) rate decision (no change expected).
  • Europe: UK Construction PMI data.
  • US: Canada Ivey PMI data.


Wednesday, May 8th:

  • Quiet day for data releases.
  • US: 10-year Bond Auction results.


Thursday, May 9th:

  • Asia: BOJ Summary of Opinions report.
  • Europe (UK only): Bank of England (BoE) rate decision (no change expected, but statement and forecasts watched closely).
  • US: Weekly unemployment claims data, 30-year Bond Auction.


Friday, May 10th:

  • Asia: No major data releases.
  • Europe (UK only): UK GDP data (expected to show a small increase, potentially ending a technical recession).
  • US: Canada jobs data, University of Michigan Consumer Sentiment survey (preliminary release).
  • Weekend: China releases CPI and PPI data (may impact Asian markets next week).


Key Events to Watch:

  • BoE Rate Decision: Will the Bank of England signal a future rate cut? Focus on the statement, economic forecasts, and press conference.
  • UK GDP Data: Will the UK confirm it has exited a technical recession? Upward data could boost the Pound.
  • Canadian Jobs Data and US Consumer Sentiment: These reports offer insights into economic health in these countries.


Categories: Market News

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