The U.S. non-farm payroll report for June is released early due to the U.S. Independence Day holiday, while related financial markets also adjust trading hours to ensure stable operations.

MAIN CONTENT

  • The U.S. non-farm payroll report for June will be released early at 20:30 on July 3 (Vietnam time).

  • The stock market and futures contracts in the U.S. will close and end trading early due to the Independence Day holiday on July 4.

  • Trading of precious metal futures, oil, and U.S. stock indices at CME and ICE will also end early to align with the holiday schedule.

Why is the U.S. non-farm payroll report for June released early?

According to Jinshi's analysis, the U.S. Independence Day holiday on July 4 prompts the June non-farm payroll report to be released early to avoid coinciding with the holiday, ensuring data is released timely before the holiday.

This report is released at 20:30 on July 3 (Vietnam time), one day earlier than usual, helping investors and financial institutions proactively adjust their trading strategies.

How does the U.S. financial market react to Independence Day?

On July 4, the U.S. stock market will completely close according to the traditional holiday schedule to honor an important historical event.

Previously, on July 3, both the U.S. stock market and futures contracts for stock indices on CME ended trading early, facilitating investors to adjust their portfolios.

Early trading closure helps maintain liquidity and market stability during the important national holiday.

Jinshi – Financial market expert, July 3, 2024

What is special about the trading hour changes at CME and ICE during the Independence Day holiday?

Trading of precious metal futures, U.S. oil, forex, and stock indices at CME ends at 01:00 on July 5 according to Beijing time (i.e., 00:00 Vietnam time on the same day), earlier than usual.

ICE also adjusted the closing time for Brent crude oil futures contracts to 01:30 on July 5, according to Beijing time, ensuring it does not affect the holiday schedule of the U.S. market.

Properly timing trading is an important step to maintaining a balance between trading demand and the holiday of global investors.

Jinshi – Commodity market expert, July 3, 2024

Specific trading schedule adjustments of related financial markets

Market Type Contract Closing Time (Beijing time) Conversion Time (Vietnam time) CME Precious metals, Oil U.S., Forex, Stock index futures 01:00 – July 5 00:00 – July 5 ICE Brent oil futures 01:30 – July 5 00:30 – July 5 U.S. stock market Stock trading and index futures contracts Early closing on July 3 and closed on July 4 Early closing on July 3 and closed on July 4

What should investors pay attention to during this period?

To avoid risks arising from sudden changes in the trading schedule, investors should closely monitor announcements from exchanges and adjust trading strategies according to the holiday schedule.

Understanding the closing and opening times helps minimize liquidity risks and price fluctuations during market closure.

Frequently Asked Questions

  • When is the U.S. employment report for June released?
    It will be released early at 20:30 on July 3 according to Vietnam time, due to the U.S. Independence Day holiday.

  • Will the U.S. stock market have trading on July 4?
    The U.S. market will be completely closed on July 4 for the Independence Day holiday.

  • How do the closing hours of futures contracts at CME and ICE change?
    CME ends at 00:00 and ICE at 00:30 on July 5 according to Vietnam time, earlier than usual.

  • What do investors need to do before the holiday?
    Update the trading schedule, minimize risk positions, and prepare contingency plans for fluctuations when the market closes.

Source: https://tintucbitcoin.com/bao-cao-viec-lam-my-anh-huong-crypto/

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