Macroeconomic Outlook for Next Week: Non-Farm Payrolls Approaching, Trump Continues to 'Play' the Whole Market
Looking ahead to next week, everyone should closely monitor the U.S. PMI data and the non-farm payroll report, which will be released early on Thursday due to the holiday.
Here are the key points the market will focus on in the new week:
Monday 21:45, U.S. June Chicago PMI
Monday 22:00, Atlanta Fed President Bostic speaks on the U.S. economic outlook
Tuesday 01:00, Chicago Fed President Goolsbee speaks
Tuesday 21:30, Federal Reserve Chair Powell participates in a panel discussion
Tuesday 22:00, U.S. June ISM Manufacturing PMI, May JOLTs Job Openings, May Construction Spending Month-on-Month
Thursday 20:30, U.S. Initial Jobless Claims for the week ending June 21, June Unemployment Rate, June Seasonally Adjusted Non-Farm Employment, May Trade Balance
Thursday 21:45, U.S. June S&P Global Services PMI Final
Thursday 23:00, Atlanta Fed President Bostic speaks on U.S. monetary policy
For the June non-farm payroll report, the market expects the unemployment rate to remain unchanged at 4.2%, with job additions decreasing from the previous increase of 139,000 to 129,000.