1. Monday: ① Data: Final April Manufacturing PMI for France, Germany, and the Eurozone; May Sentix Investor Confidence Index for the Eurozone; US March Factory Orders (MoM). ② Holidays: Markets closed in Japan, the UK, Hong Kong, and mainland China.
③ Trump threatens to impose a 25% tariff on EU cars imported into the US this week.
2. Tuesday: ① Data: May RBA interest rate decision; Swiss April CPI; US March trade balance, April S&P Global Services PMI, final Composite PMI, ISM Non-Manufacturing PMI, March JOLTs Job Openings, and New Home Sales (Annualized). ② Events: Fed's Williams speaks; Bank of Canada Governor Macklem and Senior Deputy Governor Rogers attend parliamentary hearings; RBA releases interest rate decision and monetary policy statement, and Governor Bullock holds a press conference; Saudi Aramco releases official crude oil prices around the 5th of each month. ③ Holidays: Markets closed in South Korea, Japan, Hong Kong, and mainland China. ④ Earnings Reports: Pfizer, AMD. 3. Wednesday:
① Data: US API and EIA weekly crude oil reports, April ADP; China's April RatingDog Services PMI; UK, France, Germany, and Eurozone April Services PMI final readings; Eurozone March PPI.
② Events: US Federal Reserve's Mohammed Speaks on Economic Outlook and Monetary Policy; Central Bank to Conduct 300 Billion Yuan Three-Month Outright Reverse Repurchase Operation.
③ Holiday: Japanese Markets Closed.
④ Earnings Reports: Walt Disney, ARM.
4. Thursday:
① Data: France's March Trade Balance; Switzerland's April Seasonally Adjusted Unemployment Rate; Eurozone's March Retail Sales MoM; US April Challenger Job Cuts, Initial Jobless Claims, March Construction Spending MoM; EIA Natural Gas Storage; New York Fed's 1-Year Inflation Expectations; China's April Foreign Exchange Reserves.
② Events: Federal Reserve's Goolsby Participates in a Panel Discussion. 5. Friday: ① Data: German March seasonally adjusted industrial production month-on-month, trade balance; Swiss April consumer confidence index; Canadian April employment change; US April non-farm payroll report; preliminary one-year inflation expectations, University of Michigan consumer sentiment index, March wholesale sales month-on-month. ② Events: Speeches by Fed's Hamak and Williams; a new round of domestic refined oil price adjustments will begin.
6. Saturday: ① Data: US weekly oil rig count report, China's April trade balance. ② Events: Fed's Goolsby and Daly participate in a panel discussion at the Hoover Institution's 2026 monetary policy conference; Putin will deliver an important speech at the Victory Day parade.
