Thomas Daniels
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| Time(GMT+0/UTC+0) | State | Importance | Event | Forecast | Previous |
| 01:30 |  | 2 points | Company Gross Operating Profits (QoQ) (Q1) | 1.4% | 5.9% |
| 01:30 | | 2 points | Current Account (Q1) | -12.3B | -12.5B |
| 01:30 | | 2 points | RBA Meeting Minutes | ———- | ———- |
| 01:45 |  | 2 points | Caixin Manufacturing PMI (May) | 50.8 | 50.4 |
| 03:35 |  | 2 points | 10-Year JGB Auction | ———- | 1.274% |
| 09:00 |  | 2 points | Core CPI (YoY) (May) | ———- | 2.7% |
| 09:00 | | 2 points | CPI (MoM) (May) | ———- | 0.6% |
| 09:00 | | 3 points | CPI (YoY) (May) | 2.0% | 2.2% |
| 09:00 | | 2 points | Unemployment Rate (Apr) | 6.2% | 6.2% |
| 14:00 |  | 2 points | Factory Orders (MoM) (Apr) | -3.1% | 3.4% |
| 14:00 | | 3 points | JOLTS Job Openings (Apr) | ———- | 7.192M |
| 20:30 | | 2 points | API Weekly Crude Oil Stock | ———- | -4.236M |
Summary of Upcoming Economic Events on June 3, 2025
Australia
1. Company Gross Operating Profits (QoQ) (Q1) – 01:30 UTC
- Forecast: +1.4% | Previous: +5.9%
- Market Impact:
- Slower growth in profits may reflect declining business margins, potentially weighing on AUD and equities.
- Still-positive growth suggests resilience.
2. Current Account (Q1) – 01:30 UTC
- Forecast: -12.3B | Previous: -12.5B
- Market Impact:
- Deficit narrowing slightly; if the shortfall is larger than expected, it may pressure AUD.
3. RBA Meeting Minutes – 01:30 UTC
- Market Impact:
- Provides clarity on RBA’s policy direction and inflation outlook.
- Dovish tone could reinforce expectations of rate holds or cuts, weakening AUD.
China
4. Caixin Manufacturing PMI (May) – 01:45 UTC
- Forecast: 50.8 | Previous: 50.4
- Market Impact:
- A reading above 50 confirms expansion. An upside surprise could support commodity currencies (AUD, NZD) and global sentiment.
Japan
5. 10-Year JGB Auction – 03:35 UTC
- Previous Yield: 1.274%
- Market Impact:
- Yield movement indicates demand for Japanese government bonds.
- Weak demand may lift yields and weaken JPY.
Eurozone
6. CPI (YoY & MoM) (May) – 09:00 UTC
- Forecast (YoY): 2.0% | Previous: 2.2%
- Previous MoM: 0.6%
7. Core CPI (YoY): Previous: 2.7%
8. Unemployment Rate (Apr): Forecast & Previous: 6.2%
- Market Impact:
- Lower CPI reinforces dovish ECB expectations, potentially pressuring EUR.
- Sticky or rising core inflation may complicate policy outlook.
- Stable unemployment supports broader economic stability.
United States
9. Factory Orders (MoM) (Apr) – 14:00 UTC
- Forecast: -3.1% | Previous: +3.4%
- Market Impact:
- A sharp drop would highlight slowing industrial demand, likely weighing on equities and USD.
10. JOLTS Job Openings (Apr) – 14:00 UTC
- Previous: 7.192M
- Market Impact:
- Key labor market metric. A drop could suggest labor market cooling, supporting a dovish Fed outlook.
11. API Weekly Crude Oil Stock – 20:30 UTC
- Previous: -4.236M
- Market Impact:
- Continued drawdowns support higher oil prices and influence energy markets and inflation sentiment.
Market Impact Analysis
- Focus in Asia-Pacific is on RBA minutes and Chinese manufacturing data, likely impacting AUD and regional equities.
- Eurozone inflation data could reshape ECB policy expectations, especially if CPI comes in below 2.0%.
- U.S. factory orders and JOLTS are crucial for gauging manufacturing strength and labor tightness.
- Oil inventory figures may affect commodity-linked currencies and inflation trades.
Overall Impact Score: 7/10
Key Focus:
A globally balanced session with moderate to high importance data. U.S. labor and factory orders, Eurozone inflation, and China’s PMI will shape monetary policy and market sentiment. Expect moderate volatility across EUR, USD, AUD, oil, and equities, especially if inflation or labor data deviate from expectations.
