Important economic events this week, July 1 – 5:

Tuesday, July 1, 2025

* 16:30 – Speech by Fed Chair Jerome Powell
* 16:45 – Manufacturing Purchasing Managers' Index (PMI) (June)
Forecast: 52.0 | Previous value: 52.0
* 17:00 – ISM Manufacturing Purchasing Managers' Index (June)
Forecast: 48.8 | Previous value: 48.5
* 17:00 – Job Openings and Labor Turnover Survey (JOLTS) (May)
Forecast: 7.450 million | Previous value: 7.391 million

Wednesday, July 2, 2025

* 15:15 – Change in Nonfarm Payrolls from ADP (June)
Forecast: 105K | Previous value: 37K
* 17:30 – Crude Oil Inventories
Previous value: -5.836 million barrels

Thursday, July 3, 2025

* Holiday in the USA – Independence Day (markets close at 13:00)
* 15:30 – Average Hourly Earnings (m/m) (June)
Forecast: 0.3% | Previous value: 0.4%
* 15:30 – Initial Jobless Claims
Forecast: 239K | Previous value: 236K
* 15:30 – Change in Nonfarm Payrolls (June)
Forecast: 120K | Previous value: 139K
* 15:30 – Unemployment Rate (June)
Forecast: 4.3% | Previous value: 4.2%
* 16:45 – Services Purchasing Managers' Index (PMI) (June)
Forecast: 53.1 | Previous value: 53.1
* 17:00 – ISM Non-Manufacturing Purchasing Managers' Index (June)
Forecast: 50.8 | Previous value: 49.9

Friday, July 4, 2025

* Holiday in the USA – Independence Day