[This week's important events and data preview - China PMI, US non-farm payrolls report, Trump's "Big and Beautiful" bill faces final vote]
1. Monday: ① Data: China's official manufacturing PMI in June
; UK's first quarter GDP annual rate final value and first quarter current account, May central bank mortgage license; Switzerland's June KOF economic leading indicator; Germany's June CPI monthly rate initial value; US June Chicago PMI, Dallas Fed business activity index.
② Events: Fed Bostic delivered a speech on the US economic outlook, and the European Central Bank held a central bank forum in Sintra.
③ Trump's "Big and Beautiful" bill may be voted on on Monday afternoon Beijing time, and the bill will be passed less than a week away from the "deadline" of July 4.
2. Tuesday:
① Data: China's Caixin Manufacturing PMI in June; UK's Nationwide House Price Index monthly rate in June; Switzerland's actual retail sales annual rate in May; final manufacturing PMI values in France, Germany, the UK, the US and the Eurozone in June; German unemployment data in June; Eurozone CPI preliminary value in June; US ISM Manufacturing PMI in June, JOLTs job vacancies in May, and construction expenditure monthly rate.
② Events: The European Central Bank held a central bank forum in Sintra; the presidents of major central banks around the world held a group meeting; Fed Goolsbee and ECB President Lagarde delivered speeches; the domestic refined oil price adjustment window will open.
3. Wednesday: ① Data: US API crude oil inventory, EIA crude oil inventory weekly report, challenger company layoffs, ADP employment; Eurozone unemployment rate in May. ② Events: The European Central Bank held a central bank forum in Sintra.
③ The China Used Car Conference will be held in Chongqing from July 2nd to 4th.
4. Thursday: ① Data: China's Caixin Services PMI in June; Switzerland's CPI monthly rate in June; France, Germany, the UK, the US, and the Eurozone's final values of the services PMI in June; US unemployment rate in June, seasonally adjusted non-farm payrolls, initial jobless claims, monthly and annual average hourly wages, May trade account, June ISM non-manufacturing PMI, May factory orders monthly rate, EIA natural gas inventory. ② Events: ECB meeting minutes; Fed's Bostic's speech on US monetary policy.
5. Friday: ① Data: US total oil rigs for the week ending July 4; France's industrial output monthly rate in May; Switzerland's seasonally adjusted unemployment rate in June; Eurozone PPI monthly rate in May. ② Events:
The US stock market was closed for one day, and the trading of precious metals, US oil, foreign exchange, and stock index futures contracts under CME ended ahead of schedule at 01:00 Beijing time on the 5th, and the trading of Brent crude oil futures contracts under ICE ended ahead of schedule at 01:30 Beijing time on the 5th.
6. Saturday: ① Event: Saudi Aramco announces official crude oil prices; Bank of England Governor Bailey delivers a speech.
7. Sunday: ① Event: OPEC+ eight member countries hold a meeting to decide on August production policy.
