This Week: It’s Jobs Week

Monday

10:00 AM ISM manufacturing PMI is expected to have risen slightly to 49.8 in May

10:00 AM Construction spending is expected to have risen 0.2% in April

Tuesday

10:00 AM National job openings are expected to have fallen to 8.35M on the last business day of April

10:00 AM The RealClearMarkets/TIPP Economic Optimism Index is expected to rise to 45.2, this would the highest level since April 2023

6:30 PM Wilmington City Council meeting

Wednesday

7:00 AM Mortgage demand and rates

8:15 AM Private payrolls are expected to have risen by 180k in May

9:45 AM The Bank of Canada is expected to drop rates for the first time since July 2023 to 4.75%

10:00 AM ISM Service PMI is expected to have risen slightly to 50.5 in May

Thursday

8:15 AM The European Central Bank is expected to drop rates to 4.25%, this would be the first rate cut since March 2016 when the dropped rates to 0%

8:30 AM Initial jobless claims are expected to fall slightly to 215k

8:30 AM The trade deficit is expected to have fallen slightly to $69B in April

Friday

2:00 AM Home prices in the UK are expected to have risen 0.3% in May

8:30 AM The economy is expected to have created 180k jobs in May

8:30 AM Average hourly earnings are expected to have risen 0.3% in May