Weekly Financial Update: Key Metrics to Watch
The upcoming week is expected to be eventful in the worlds of crypto and finance, with several key financial metrics set to be released. These metrics will provide valuable insights into inflation in the U.S. and abroad, as well as the potential actions of central banks in the coming months.
Monday: British GDP and Chicago PMI
The week begins with the release of finalized data on British GDP, which showed a 0.7% growth in Q1 2025. This marks the strongest quarterly growth in a year and is a positive sign for the U.K. economy. In contrast, the Chicago Purchasing Managers Index (PMI) dropped to 40.4, indicating that the Chicago manufacturing region has been contracting for the past three months.
Tuesday: Europe CPI and Powell’s Remarks
On Tuesday, Eurostat will release the latest data on the European CPI, which is expected to show a continued cooling trend in consumer prices. This could signal that inflation is stabilizing near the European Central Bank’s 2% target, potentially limiting the ECB’s room to cut rates further this year. Additionally, Fed Chair Jerome Powell will address the public and answer questions during a policy panel discussion, which may provide insight into the Fed’s next move.
Wednesday: U.S. Labor Market and European Unemployment
Midweek will bring updates on the U.S. labor market, including the ADP Nonfarm Employment Change for June. This data will offer a preview of how private-sector hiring is trending ahead of Friday’s official payrolls. The eurozone unemployment rate is also due to be released, which has been holding steady at 6.2% for months.
Thursday: Inflation Pressures and Import Tensions
Thursday will see a cluster of U.S. data releases, including the Average Hourly Earnings report for June, the ISM Non-Manufacturing PMI, and the ISM Non-Manufacturing Prices index. These metrics will provide insight into wage pressures, the health of the U.S. services sector, and inflationary pressures. The Bureau of Economic Analysis will also release data on imported and exported goods, offering a snapshot of global trade flows.
Friday: Independence Day and Market Closure
Friday is Independence Day in the U.S., which means that financial markets will be closed. This includes the NYSE, NASDAQ, bond markets, and most federal offices.
Conclusion
The upcoming week will be filled with key financial metrics and data releases that will provide valuable insights into the state of the economy. From British GDP to European CPI, and from U.S. labor market updates to inflation pressures, there is a lot to watch. As the markets continue to evolve, it’s essential to stay informed and up-to-date on the latest developments. Whether you’re an active trader or just interested in the world of finance, this week is sure to be an exciting one.
