Here are some of the important economic data that will be the focus of the market throughout this week.
MONDAY (May 5, 2025)
Swiss Inflation Data (2.30 PM) – The forecast for the monthly reading of the consumer price index in Switzerland in April increased from zero to 0.2%.
US Services PMI ISM Survey (10.00 PM) – The survey for the US manufacturing sector published last Thursday showed a better reading than expected, but the figure still remained below the 50 point level. Meanwhile, this week, the focus is on the services sector survey with the expected figure slightly decreasing to near the 50 point level.
WEDNESDAY (7 May 2025)
New Zealand Employment Data (6.45 AM) – New Zealand employment growth is expected to return to positive levels in the first quarter of 2025, but the unemployment rate forecast is somewhat worrying with an increase from 5.1% previously to 5.3%.
THURSDAY (8 May 2025)
FOMC Meeting (2.00 AM) – The main focus this week will be on the Federal Reserve's interest rate decision after several important data indicators were observed in previous weeks. The market has placed the forecast for interest rates to be maintained at 4.50%, but it is not impossible that there will be a surprise announcement by Chairman Jerome Powell.
BOE Policy Meeting (7.00 PM) – The market is predicting the Bank of England's central bank at its latest meeting to lower interest rates by 25 basis points after maintaining it at 4.50% at its March meeting. The governor's follow-up speech will be digested in addition to the MPC member vote.
FRIDAY (May 9, 2025)
Canadian Employment Data (8.30 PM) – After the Canadian economy lost 32,600 jobs in March, the latest data for April is expected to record a further gain of 24,500 jobs. Meanwhile, the unemployment rate is forecast to remain at 6.7%.
