This Week's Key Events and Data Preview — U.S. Non-Farm Payrolls, China Trade Balance; Trump Threatens to Raise EU Auto Tariffs to the U.S.

Golden Finance reports that on May 4, the important events and data to watch this week are as follows:

1. Monday: ①Data: Final manufacturing PMI for April in France, Germany, and the Eurozone; the U.S. March factory orders month-over-month rate. ②Holidays: Japan, the UK, Hong Kong, and Mainland China markets will be closed. ③Trump threatens to impose a 25% tariff on automobiles exported to the U.S. from the EU this week.
2. Tuesday: ①Data: May Reserve Bank of Australia interest rate decision; Swiss April CPI; U.S. March trade balance; April S&P Global services and composite PMI final; ISM non-manufacturing PMI; March JOLTs job openings; total new home sales (annualized). ②Events: Fed Chair Powell? (Williams) to speak; Bank of Canada Governor Macklem and Deputy Governor Rogers attend a parliamentary hearing; the Reserve Bank of Australia releases its interest rate decision and monetary policy statement, and its Governor Bullock holds a press conference; Saudi Aramco is scheduled to publish its official crude oil prices around the 5th of each month. ③Holidays: South Korea, Japan, Hong Kong, and Mainland China markets will be closed. ④Earnings: Pfizer, AMD.
3. Wednesday: ①Data: U.S. API and EIA weekly crude oil report; April ADP; China’s April RatingDog services PMI; final April services PMI for the UK, France, Germany, and the Eurozone; Eurozone March PPI. ②Events: The U.S. Federal Reserve’s Moussadelm delivers remarks on the economic outlook and monetary policy; the central bank will conduct a 300 billion yuan three-month buyout-style reverse repo operation. ③Holidays: Japan markets will be closed. ④Earnings: Walt Disney, ARM.
4. Thursday: ①Data: U.S. April Challenger layoffs; initial jobless claims; March construction spending month-over-month rate; EIA natural gas inventories; NY Fed 1-year inflation expectations; China April foreign exchange reserves. ②Events: Fed’s Goolsbee participates in a panel discussion at a meeting.
5. Friday: ①Data: Germany March seasonally adjusted industrial production month-over-month rate; trade balance; Swiss April consumer confidence index; Canada April employment; U.S. April non-farm payroll report; initial one-year inflation expectation; University of Michigan consumer sentiment index; March wholesale sales month-over-month rate. ②Events: Fed’s Harker and Williams deliver speeches; domestic refined oil prices will enter a new round of price adjustment window.
6. Saturday: ①Data: China April trade balance. ②Events: Fed’s Goolsbee and Daly participate in a special discussion session at the 2026 monetary policy conference of the Hoover Institution; Putin will deliver an important speech at the Victory Day parade. (Jin10)