Nonfarm Payrolls Release Highlights Holiday Week
U.S.-China trade drama will likely be a focal point too
The first week of July -- although holiday-shortened -- brings plenty of action for investors.There will be the all-important Friday release of the June nonfarm payrolls report, on top of inflation data and remarks from Fed presidents to prepare for the upcoming July Fed meeting at the end of the month. Investors that diligently follow the earnings calendar can take a break though, with the schedule quite bare to kick off July.
Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.
On Monday, July 1, the month starts with Markit's purchasing managers manufacturing index (PMI), the Institute for Supply Management's (ISM) manufacturing index, and construction spending.
Tuesday, July 2, will feature remarks from New York Fed President John Williams and Cleveland Fed President Loretta Mester. Acuity Brands (AYI) will step into the earnings confessional.
Wednesday, July 3, while most are prepping the barbecue and boats, MBA mortgage applications and the ADP employment report come out. International trade data, weekly jobless claims, factory orders, the PMI services index, and the ISM non-manufacturing index are also on tap. Markets will close at 1:00 p.m. ET.
U.S. markets will be closed for the Independence Day holiday on Thursday, July 4.
On Friday, July 5, traders will dig through the June jobs report. The Baker-Hughes rig count will come out, as well as the Fed's balance sheet.