Holiday-Shortened Week Still Packed With Jobs Data, Fed Minutes

The FOMC meeting minutes and nonfarm payrolls report will come after the mid-week break

Managing Editor
Jun 28, 2018 at 1:15 PM
facebook twitter linkedin


Although the new month will kick off with a holiday-shortened week, there will be plenty of market-moving economic data for investors to digest. U.S. stock markets will close early on Tuesday, July 3, and will be closed Wednesday for the Fourth of July holiday, but the action will heat up Thursday with the Federal Open Market Committee's (FOMC) June meeting minutes -- which could feature clues about the pace of future rate hikes -- and Friday brings us the monthly jobs report.

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Monday, July 2, will feature Markit's purchasing managers manufacturing index (PMI), data on construction spending, and the Institute for Supply Management's (ISM) manufacturing survey. There are no notable earnings reports scheduled.

On Tuesday, July 3, U.S. markets will close at 1 p.m. ET. Data on motor vehicle sales and factory orders will be released. Acuity Brands (AYI) is scheduled to unveil its quarterly report.

U.S. markets will be closed for the Independence Day holiday on Wednesday, July 4.

A busy Thursday, July 5, will be highlighted by the Fed meeting minutes and ADP's private-sector employment report, as well as weekly jobless claims, the MBA mortgage index, the Fed's balance sheet, the holiday-delayed crude inventories report, and the ISM non-manufacturing index. There are no notable earnings releases.

The week will finish with a flurry on Friday, July 6, featuring the highly anticipated nonfarm payrolls report, as well as international trade data and the Baker-Hughes weekly rig count. PriceSmart (PSMT) will report earnings.


A Schaeffer's exclusive!

The Expert's Guide

Access your FREE trading earnings guide for Q3 before it's too late!


  
 
Special Offers from Schaeffer's Trading Partners