Week ahead: Jobs; European Central Bank; Bank of Canada; Dollar Tree
Brace for FX and stock volatility in a week punctuated by the latest US jobs report, after inflation data showed no worrying signs of fresh upward momentum in consumer prices.
The European Central Bank and the Bank of Canada are widely expected to cut rates, the question is what happens in July. Plus, Dollar Tree is expected to show a rise in quarterly revenue.
(AI Video Summary)
Non-farm payrolls and central bank decisions
The coming week in financial markets starting 3 June is centered on significant economic indicators and central bank decisions, particularly focusing on employment data. Key highlights include US non-farm payrolls, ECB and Bank of Canada rate decisions, and manufacturing PMIs from the US and China.
Corporate earnings
Additionally, corporate earnings reports are anticipated, with major companies like Hewlett Packard Enterprise and Dollar Tree releasing their quarterly results.
US jobs report
The discussion indicates that a strong US jobs report could influence the Federal Reserve's rate decisions, potentially strengthening the US dollar. The week also has implications for global oil output and GDP data from Australia.
This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only
