Macro Outlook Next Week: Super Data Week is coming, non-agricultural and PCE will follow

PANews April 26 news: As concerns surrounding Fed independence and ongoing trade frictions dissipate early this week, this week can be seen as a positive week. On Friday, U.S. stock markets performed poorly, and market participants continued to wait for more information about the tariff war. Looking ahead to next week, although the Federal Reserve has entered a "silence period" and the domestic market is about to enter the May Day holiday, there are still many important agendas, including but not limited to non-agricultural data, US first-quarter GDP data, PCE inflation data, and the Bank of Japan's interest rate resolution... Here are the key points that the market will focus on in the new week:

Monday at 22:30, US Dallas Fed Business Activity Index in April

Tuesday at 22:00, US JOLTs job openings in March, April Consulting Chamber of Commerce Consumer Confidence Index

Wednesday 09:30, China's official manufacturing PMI in April

Wednesday 09:45, China's Caixin Manufacturing PMI in April

Wednesday at 17:00, the initial annual GDP rate for the euro zone in the first quarter

Wednesday at 20:15, U.S. ADP employment in April

On Wednesday at 20:30, the U.S. Labor Cost Index quarterly rate, the initial value of the annualized quarterly rate of the first quarter real GDP, the initial value of the first quarter real personal consumption expenditure quarterly rate, and the initial value of the annualized quarterly rate of the core PCE price index in the first quarter

Wednesday at 22:00, US PCE price data for March, monthly personal expenditure rate for March, monthly sales index for March

Thursday at 19:30, US Challenger Corporate Layouts in April

Thursday 21:45, U.S. April S&P Global Manufacturing PMI Final Value

On Friday at 20:30, the US non-farm employment population after the seasonal adjustment in April and the unemployment rate in April

The ADP employment report, known as the "small non-agricultural" will also be released next Wednesday, and the latest PCE inflation and consumption data will be released. However, the real focus will be the non-farm jobs report scheduled for next Friday, and speculation is currently fierce about when the Fed will cut interest rates. Non-farm employment growth is expected to slow from 228,000 in March to 130,000 in April, with the unemployment rate remaining unchanged at 4.2%. Average wages in April may increase by 0.3% month-on-month. A series of worrying data for the dollar is almost certainly negative, but for U.S. stocks, if interest rate cuts are expected to increase and market sentiment is not overshadowed by recession concerns, the stock market may rise.