Economic Preview: Key Data Releases (week of 04May2026)
International Market Closures
China will be closed on Monday and Tuesday as the country observes Labor Day celebrations. This holiday may impact trading volumes and activity in Asian markets during these days.
Key U.S. Economic Indicators
The S&P Global Services PMI for April is projected to be 51.3, indicating an expansionary trend in the global services sector.
New home sales data for March will be released, offering valuable insight into the current health of the real estate market.
Several labour market indicators are scheduled for release in the coming week. JOLTS job openings for March will be published, with the previous figure at 6.882 million. This data will serve as an important reference for the Federal Reserve when considering its upcoming interest rate decisions. Additionally, the ADP non-farm employment change for April will be announced, reflecting job openings in the non-agricultural sector. The average hourly earnings for April are forecast at 0.3%, a metric closely watched by the Federal Reserve and market participants, especially in relation to ongoing inflation trends. Non-farm payrolls for April are expected to reach 73,000, a notable decrease from the prior report of 178,000. This lower figure may raise concerns in the market and will likely be a significant consideration for the Federal Reserve’s interest rate strategy. The unemployment rate for April is forecast at 4.3%, and this statistic will be a key data point monitored by both the Federal Reserve and market observers.
Inflation and Services Sector Activity
The ISM non-manufacturing prices index for April will be released, providing important information regarding inflationary pressures faced by non-manufacturing businesses. Additionally, the ISM non-manufacturing PMI for April is forecast at 54.0, signalling growth in the non-manufacturing or services sector.
Comments