Public Holidays
There are no public holidays in Hong Kong and America.
China is closed on 02 June 2025 (Monday) as they celebrate the Dragon Boat Festival.
Singapore is closed on 06 Jun 2025 (Friday) as we join our Muslim citizens to celebrate “Eid Al-Adha” also known as Hari Raya Haji.
Economic Calendar (02Jun25)
Notable Highlights (some are taken from Grok)
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S&P Global Manufacturing PMI (May) forecast 52.3, above the Previous of 50.2, indicating expansion in U.S. manufacturing (above 50 signals growth). S&P Global Services PMI (May) previously 52.3, above the previous of 50.8, showing growth in the services sector (above 50).
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ISM Manufacturing PMI (May) forecast 48.7, but still below 50, signalling continued contraction in manufacturing activity. ISM Manufacturing Prices (May) previous 69.8, no forecast provided, but a high reading suggests rising input costs, potentially adding inflationary pressure.
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ISM Non-Manufacturing PMI (May) previously 52.0, above the previous 51.6, indicating expansion in the non-manufacturing sector. ISM Non-Manufacturing Prices (May) previous 65.1, no forecast provided, but a high reading suggests rising prices in the services sector, potentially fueling inflation concerns.
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Fed Chair Powell Speaks. Powell’s comments on monetary policy, inflation, or interest rates could significantly influence markets.
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JOLTS Job Openings (Apr) previous was 7.192M. No forecast provided, but a decline could indicate a cooling labor market, while an increase might suggest persistent demand for workers. ADP Nonfarm Employment Change (May) previous was 62K. No forecast, but this private-sector payroll data often sets the tone for Friday’s Nonfarm Payrolls report. Nonfarm Payrolls (May) forecast 130K, below the previous of 177K, indicating weaker-than-expected job growth, which might signal economic slowdown.
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Average Hourly Earnings (MoM) (May) forecast 0.3%, above the previous of 0.2%, suggesting rising wages, which could contribute to inflationary pressures.
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Unemployment Rate (May) forecast 4.2%, showing stability in the unemployment rate despite the weaker payrolls data.
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Initial jobless claims will be announced. The previous was 240K. No forecast, but a lower number could signal labor market strength, while a higher number might raise concerns about economic slowdown. 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.
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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, an oil supply and demand indicator 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.
This week could see market volatility, particularly around Fed-related events and inflation data.
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