Next week's important data preview: Beware of the "data tsunami week," the non-farm payroll data has been moved up to July 2.

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Golden Finance reported that on June 28th, the preview of important data for next week is as follows:
Monday 17:00, Eurozone June Industrial/Economic Sentiment Index
Monday 22:30, US June Dallas Fed Manufacturing Business Activity Index
Tuesday 22:00, US May JOLTs Job Openings; US June Conference Board Consumer Confidence Index
Wednesday 15:50-16:30, France, Germany, Eurozone, UK June Manufacturing PMI Final
Wednesday 17:00, Eurozone June CPI Year-over-Year/Month-over-Month Preliminary
Wednesday 20:15-22:00, US June ADP Employment Change, US June S&P Global Manufacturing PMI Final, US June ISM Manufacturing PMI, US May Construction Spending Month-over-Month
Thursday 17:00, Eurozone May Unemployment Rate
Thursday 20:30, US June Unemployment Rate, US June Seasonally Adjusted Nonfarm Payrolls, US Weekly Initial Jobless Claims (week ending June 27), US June Average Hourly Earnings Year-over-Year/Month-over-Month
Friday 15:50-16:30, France, Germany, Eurozone, UK June Services PMI Final
Global financial markets will once again face a storm of core US labor market data, including the JOLTs job openings report and the most critical nonfarm payrolls report. It is noteworthy that due to the US Independence Day holiday on July 4th, this nonfarm payrolls data has been moved up to Thursday, July 2nd. Prior to that, the Eurozone's preliminary CPI inflation data for June will also be released on Wednesday.
After a series of strong employment data (the current three-month moving average of nonfarm payrolls has risen to 188k, a new high since the first quarter of 2024), most members of the Federal Reserve's policy-making committee still believe that the current labor market is healthy and does not significantly drive inflation. Unless the upcoming batch of employment data collectively shows a cliff-like downward revision far below expectations, it will be difficult to shake their tightening stance, thus causing the market to retract rate hike expectations.
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