Economic calendar: US labor market data this week!

Today's macro calendar is literally empty. Due to the Memorial Day holiday, the markets in the US will remain closed. No key publications or central bank speeches are scheduled in the macro calendar. Despite the potential debt ceiling agreement, market volatility is likely to be limited and carried over to tomorrow.

However, the situation may become more interesting later in the week. Investors will be focusing on employment data from the United States and CPI data from the Eurozone.

The key macro events for this week:

Tuesday - May 30, 2023

03:30 PM BST - US, Dallas Fed Manufacturing Index:

• Previous: -23.4

Wednesday - May 31, 2023

00:50 PM BST - Japan, Industrial Production for April:

• Expected: 1.5% MoM, Previous: 1.1% MoM

09:00 AM BST - Poland, Preliminary Inflation Reading for May:

• Expected: 13.5% YoY, Previous: 14.7% YoY

02:45 PM BST - US, Chicago PMI:

• Expected: 47, Previous: 48.6

Thursday - June 01, 2023

01:45 AM BST - China, Manufacturing PMI:

• Expected: 49.3, Previous: 49.5

10:00 AM BST - Eurozone, CPI Inflation (HICP):

• CPI: Expected: 6.3% YoY, Previous: 7.0% YoY
• Core CPI: Expected: 5.5% YoY, Previous: 5.6%

01:15 PM BST - US, ADP Employment Change:

• Expected: 180k, Previous: 296k

03:00 PM BST - US, ISM Manufacturing:

• Expected: 47.0, Previous: 47.1

Friday - June 02, 2023

00:30 PM BST - US, Unemployment Rate:

• Expected: 3.5%, Previous: 3.4%