PANews reported on April 26 that as concerns about the Federal Reserve's independence and ongoing trade friction dissipated early this week, the week can be viewed as a positive one. On Friday, the U.S. stock market performed relatively flat, with market participants continuing to wait for more information about the tariff war. Looking ahead to next week, although the Federal Reserve has entered a "quiet period" and domestic markets are about to enter the May Day holiday, there are still many significant schedules, including but not limited to non-farm employment data, U.S. Q1 GDP data, PCE inflation data, and the Bank of Japan's interest rate resolution... Here are the key points the market will focus on in the new week:
Monday at 22:30, Dallas Fed Manufacturing Business Index for April
Tuesday at 22:00, U.S. March JOLTS Job Openings and April Conference Board Consumer Confidence Index
Wednesday at 09:30, China's Official Manufacturing PMI for April
Wednesday at 09:45, China's Caixin Manufacturing PMI for April
Wednesday at 17:00, Eurozone Q1 GDP Year-on-Year Preliminary Value
Wednesday at 20:15, U.S. ADP Employment for April
Wednesday at 20:30, U.S. Q1 Labor Cost Index Quarter-on-Quarter, Q1 Real GDP Annualized Quarter-on-Quarter Preliminary Value, Q1 Real Personal Consumption Expenditure Quarter-on-Quarter Preliminary Value, Q1 Core PCE Price Index Annualized Quarter-on-Quarter Preliminary Value
Wednesday at 22:00, U.S. March PCE Price Data, March Personal Spending Month-on-Month, March Existing Home Sales Pending Index Month-on-Month
Thursday at 19:30, U.S. Challenger Corporate Layoffs for April
Thursday at 21:45, U.S. April S&P Global Manufacturing PMI Final Value
Friday at 20:30, U.S. Seasonally Adjusted Non-Farm Employment for April, April Unemployment Rate
The ADP employment report, known as the "mini non-farm payrolls," will also be released next Wednesday, along with the latest PCE inflation and consumption data. However, the true focus will be on the non-farm employment report to be released next Friday, with intense speculation about when the Federal Reserve will cut rates. Non-farm employment growth is expected to slow from 228,000 in March to 130,000 in April, with the unemployment rate remaining unchanged at 4.2%. Average wages in April may increase by 0.3% month-on-month. For the U.S. dollar, a series of worrying data will almost certainly be negative, but for U.S. stocks, if hopes for rate cuts are raised and market sentiment is not overshadowed by recession concerns, stocks may rise.
