Economic Calendar on Week Ahead June 3rd

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Join us at TPwithUS, your premier Forex trading signals and analysis destination. Stay ahead with our expert insights on the Week Ahead June 3rd, 2024, covering key economic events in America, Europe, and Asia.

Stay Informed with the Economic Calendar on Week Ahead June 3rd

• America: Key economic data to be released, including GDP growth rate and jobless claims.
• Europe: European Central Bank interest rate decision and PMI data.
• Asia: Chinese trade figures and Caixin PMI data.

Global Economic Calendar on Week Ahead June 3rd, 2024

In the US, the labor market report will be closely watched. Internationally, key events include:

• Interest rate decisions from the European Central Bank, Bank of Canada, and Reserve Bank of India
• Inflation rates for several countries, including Turkey, South Korea, and Mexico
• GDP growth rates for South Africa, Brazil, and Australia
• Manufacturing and services PMIs for various countries
• Foreign trade data for China, Brazil, Australia, Canada, Germany, and France
• Factory orders and industrial production in Germany

America Economic Calendar on Week Ahead June 3rd

In the US, key labor market indicators include:

• Nonfarm payrolls: expected to add 180K jobs, unemployment rate to remain at 3.9%
• JOLTS report, ADP employment figures, and Challenger job cuts
• ISM Manufacturing and Services PMI: expected to show growth in the US private sector

Elsewhere, the Bank of Canada is expected to cut rates by 25bps. Other key releases include:

• Canadian employment and trade balance
• S&P Global PMIs for Canada, Brazil, and Mexico
• Brazilian GDP growth, trade balance, and industrial production
• Mexican inflation rate

Europe Economic Calendar on Week Ahead June 3rd

In Europe, the ECB’s monetary policy decision is expected to cut interest rates by 25bps, with markets now expecting only one more reduction. Key data includes:

• Eurostat’s final Q1 GDP growth, employment, and producer prices
• Final PMIs for the Euro Area, Germany, and France
• German factory orders and industrial production
• Turkish inflation rate: expected to accelerate to 74.8%
• Russian interest rate decision and PMIs
• Swiss inflation rate and unemployment
• Polish central bank interest rate decision

The UK’s data is light, with only final PMIs and Halifax house prices expected.

Asia and Australia Economic Calendar on Week Ahead June 3rd

In China, markets await the Caixin PMI figures for May and Chinese trade data for signs of foreign demand sustaining growth. In India, the Reserve Bank is expected to hold interest rates unchanged, but investors will scrutinize policymakers’ rhetoric for hints on potential rate cuts.

In South Korea, a busy week of data includes:

• Q1 GDP update
• May’s PMI, inflation, and trade data

In Southeast Asia, inflation rates are due from Indonesia and the Philippines, while the Philippines will also release a new unemployment rate.

Australia’s first quarter GDP is expected to show slight growth, along with April’s trade balance, home loans, and May’s Ai Group industry index.

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