Highlights of the week 

• US PMIs test growth resilience. 

• Eurozone CPI drives ECB pricing. 

• Payrolls decide the dollar’s weekly tone. 

What Now 

This week is mainly a test of whether US growth is still strong enough to keep inflation sticky. Manufacturing and services have improved, but price pressures remain high, with ISM manufacturing prices previously at 84.6 and services prices at 70.7. That keeps the Fed cautious and supports the dollar if data stay firm. Eurozone CPI, previously 3.0 percent, will test ECB pricing, but Friday’s US jobs report is the main event.  

If payrolls recover from the prior 115 thousand while wages stay firm and unemployment holds near 4.3 percent, yields and the dollar should remain supported. If jobs and wages soften together, markets may shift back toward rate-cut expectations, supporting bonds and gold while weakening the dollar. 

Market Events and Announcements (GMT+3) 

Monday, June 1, 2026 

• 16:45 – United States (USD) – S&P Global Manufacturing PMI for May, previous 55.3 

• 17:00 – United States (USD) – ISM Manufacturing PMI for May, previous 52.7 

Tuesday, June 2, 2026 

• 12:00 – Eurozone (EUR) – CPI YoY for May, previous 3.0 percent 

• 17:00 – United States (USD) – JOLTS Job Openings for April, previous 6.866 million 

Wednesday, June 3, 2026 

• 15:15 – United States (USD) – ADP Nonfarm Employment Change for May, previous 109 thousand 

• 16:45 – United States (USD) – S&P Global Services PMI for May, previous 50.9 

• 17:00 – United States (USD) – ISM Non-Manufacturing PMI for May, previous 53.6 

Thursday, June 4, 2026 

• No high impact event 

Friday, June 5, 2026 

• 15:30 – United States (USD) – Average Hourly Earnings MoM for May, previous 0.2 percent 

• 15:30 – United States (USD) – Nonfarm Payrolls for May, previous 115 thousand 

• 15:30 – United States (USD) – Unemployment Rate for May, previous 4.3 percent