The Day Ahead

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Key Economic Events – Wednesday, June 4, 2025

🇺🇸 U.S.
ADP Jobs Report (May): A preview of private job growth; markets watch this ahead of Friday's official jobs report.

ISM Services PMI (May): Measures health of the U.S. services sector. A reading above 50 = growth.

Fed Speakers: Bostic and Cook will speak—markets listen for interest rate hints.

Beige Book: Fed’s regional economic summary, useful for understanding business trends.

🇬🇧 UK
Official Reserves (May): Change in the UK’s foreign reserves—can hint at FX market activity or interventions.

🇮🇹 Italy
Services PMI (May): Shows whether the Italian services sector is expanding or shrinking.

🇨🇦 Canada
Q1 Labor Productivity: Tracks efficiency of Canadian workers—important for inflation outlook.

Bank of Canada Rate Decision: Expected to keep rates at 2.75% due to sticky inflation, even as the economy slows.

Summary:
Today’s key focus is on U.S. jobs and services data, the Fed’s tone, and the Bank of Canada’s interest rate decision. Markets will react to signs of inflation, growth, or central bank policy shifts.

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