The week ahead: US Employment, PMIs, and mortgage applications

Read the key events to monitor for the week which starts on May 31, 2021.  

US investors went into the long holiday weekend on a positive note as all major U.S. equity indexes rallied to end the month of May.

This week brings the May unemployment report, several key reports on global manufacturing, and U.S. mortgage applications for May.


Monday: Market Holiday in the U.S. for Memorial Day and in the U.K. for Bank Holiday.

Macro:EU: German CPI

Asia: Indian Q4 GDP, Chinese Caixin Manufacturing PMI (May).

Tuesday:Earnings:Zoom Video Communication, Canopy Growth, Hewlett Packard Enterprise, Ambarella

Macro:US: Institute for Supply Management (ISM) Manufacturing PMI, Construction spending
U.K: House Price Index, Manufacturing PMI
EU: German Retail Sales, Italian Manufacturing PMI, French Manufacturing PMI, German Unemployment Rate.

Monetary policy: Fed Vice Chairman Randal Quarles, Fed Governor Lael Brainard

Wednesday:Earnings:Advance Auto Parts, Lands’ End, NetApp, Splunk, Cloudera, PVH, C3.ai

Macro:U.S: Weekly Mortgage Applications and Mortgage Market Index, Vehicle Sales, ADP Employment, Federal Reserve Beige Book.
EU: German Retail Sales
Asia: Chinese Caixin Services PMI, Japanese Services PMI

Monetary policyPhiladelphia Fed President Patrick Harker, Atlanta Fed President Raphael Bostic, Chicago Fed President Charles Evans, Dallas Fed President Robert Kaplan

ThursdayEarnings: Broadcom, Lululemon Athletica, Five Below, Hovnanian, Express, J.M. Smucker, DocuSign, Cooper Cos, CrowdStrike

Macro:US: Services PMI, ISM Non-Manufacturing PMI, ISM Non-Manufacturing Employment, Nonfarm Productivity, ADP Nonfarm Employment Charge, Productivity costs, Markit Composite PMI, Initial jobless claims
U.K: Services PMI
EU: German Services PMI, French Services PMI, Italian Services PMI
Asia: Japanese Household Spending
Monetary policy:
Atlanta Fed’s Bostic, Dallas Fed’s Kaplan, Philadelphia Fed’s Harker, Fed Vice Chairman Quarles

FridayMacro: Factory orders, U.S. Nonfarm Payrolls, Unemployment Rate, Labor Force Participation Rate
U.K: Construction PMI
EU: Eurozone Retail Sales

Monetary policy: Fed Chairman Jerome Powell on central banks and climate change


Source: CNBC, Investopedia.  

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