Manufacturing and services PMIs, eurozone inflation, U.S. jobs data, and FOMC remarks will drive investor focus next week.
The week kicks off with manufacturing PMI releases for the eurozone, U.K., and U.S. on Monday, followed by eurozone core CPI flash estimates and U.S. JOLTS job openings on Tuesday. Analysts expect the U.S. ISM manufacturing PMI at 53.3, up from 52.7, signaling continued expansion amid improved business conditions since April.
Wednesday will feature Australia’s GDP data, services PMIs for the eurozone, U.K., and U.S., and the U.S. ADP non-farm employment report. Thursday brings Swiss inflation figures, while Friday’s highlights include Canada’s employment data and U.S. non-farm payrolls, average hourly earnings, and unemployment rate. FOMC members are also scheduled to speak throughout the week.
Investors will closely watch the prices paid component in PMI reports to gauge inflationary pressures, particularly amid geopolitical tensions involving Iran. Regional Federal Reserve surveys support expectations for stable factory activity, though services and labor market data will be critical for assessing economic momentum.