Economica Calendar - Happy Independence Day USA, PMI, Employment data & more (30Jun25)
Public Holidays
There are no public holidays in China, Singapore, or Hong Kong.
America celebrates its Independence Day with markets closed from the afternoon of 3rd July 2025 till 4th July 2025. Here is wishing America peace and prosperity.
4th July 2024 Happy Independence Day, America (Source: https://arcticportal.org/ap-library/news/3598-happy-independence-day-america)
Economic Calendar (30Jun25)
Notable Highlights
-
China's manufacturing PMI is not a mere reflection of China's economy but also of the global demand. The forecast of 49.6 implies contraction.
-
Chicago PMI has a forecast of 42.7, which represents the continuous contraction since previous months. S&P Global Manufacturing PMI has a forecast of 52.0, which implies an expansion similar to the previous month. ISM manufacturing PMI and ISM manufacturing prices will also be announced in the coming week. The backdrop of manufacturing contraction, compounded by an increase in manufacturing prices, will continue to add costs and challenges to the manufacturing sector.
-
S&P Global Services PMI is expected to be 53.1, which implies an expansionary outlook. ISM non-manufacturing PMI and ISM non-manufacturing prices will also be released in the coming week. The forecast is suggesting some growth in the non-manufacturing sector, aka services.
-
The other most-watched data would be the JOLTS job openings and the ADP non-farm employment changes. Other important employment data will include average hourly earnings, unemployment rate and non-farm payrolls.
-
Initial jobless claims will be announced. The previous was 245K. This weekly report tracks the number of new unemployment claims, serving as a leading indicator of labour market health. The Federal Reserve uses this as one of the key macro data references as it balances inflation and employment in the economy.
-
Crude Oil Inventories can be seen as forward indicators of market demand and consumption. This event tracks the weekly change in U.S. crude oil inventories, a key indicator of oil supply and demand that can impact oil prices and energy markets. If the trend of excess inventories continues, demand erosion can lead to reduced production & weakened consumer spending.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
