{"id":12565,"date":"2026-05-04T07:07:22","date_gmt":"2026-05-04T07:07:22","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=12565"},"modified":"2026-05-04T07:07:24","modified_gmt":"2026-05-04T07:07:24","slug":"2026-05-04","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pt\/analytics\/2026-05-04\/","title":{"rendered":"Week’s main events (May 04 \u2013 May 08)"},"content":{"rendered":"
\n

Week’s main events (May 04 \u2013 May 08)<\/h1>\n
\n

This week, global markets will remain closely tied to progress in negotiations between the United States and Iran, as oil dynamics continue to dictate movements in equities and currencies. The spotlight will be on the US labor market report (Non\u2011Farm Payrolls), which, together with ISM data and China\u2019s PMI indices, will reveal how resilient the global economy truly is to the ongoing inflationary shock. A parade of rate decisions in Australia, Mexico, Norway, and Sweden will push investors to search for signs of policy easing. However, trade balance figures from Germany and China may add to the pessimism. The corporate sector will also be in focus: earnings from AMD, Palantir, and Shell will show whether the AI frenzy is still alive and how energy giants are monetizing the current supply\u2011chain crisis.<\/p>\n

Monday, May 04<\/div>\n
\n

On Monday, the Eurozone Manufacturing PMI is the day\u2019s primary focus. Following an April reading of 52.2, the final print is expected to confirm that the sector has hit a near four-year high. While production and new orders are expanding at their fastest pace since 2022, much of this growth is driven by “panic stockpiling” amid the Middle East conflict and rising energy costs. If the data holds or beats, it will provide a modest boost to the EUR, as it suggests the industrial core is currently absorbing the energy shock. However, if the sub-indices for “Input Prices” show another sharp jump, it will reinforce the ECB’s hawkish dilemma, potentially weighing on the DAX 40 as margins come under pressure. It\u2019s a bank holiday in the United Kingdom, Japan, and China.<\/p>\n

Main events of the day:<\/div>\n
    \n
  • \u2013 Switzerland Manufacturing PMI (m\/m) at 10:30 (GMT+3) – CHF (MED)<\/li>\n
  • \u2013 Eurozone Manufacturing PMI (m\/m) at 11:00 (GMT+3) – EUR (MED)<\/li>\n
  • \u2013 Canada BOC Gov Macklem Speaks at 22:30 (GMT+3) – CAD (LOW)<\/li>\n<\/ul>\n
    Tuesday, May 05<\/div>\n
    \n

    On Tuesday, the RBA Interest Rate Decision is the premier event. Markets have priced in an 86% probability of a 25bps hike to 4.35%, marking the third increase this year as the “Iran war shock” keeps oil above $100 and Australian CPI elevated at 4.1%. If Governor Bullock delivers the expected hike and maintains a hawkish bias in the press conference, refusing to rule out a move to 4.60%, the AUD should see a strong bullish impulse, particularly against the Yen and euro. In Switzerland, traders will be focusing on inflation data. Annual inflation is expected to rise from 0.3% to 0.8%. This will increase the likelihood that the SNB will not cut rates into negative territory. The data may slightly strengthen the Swiss franc against the dollar. In the US, the focus is on the JOLTS Job Openings. If data remain steady near 6.8-6.9 million, it will prove the US labor market is bending but not breaking. This combination of strong services and a tight labor market would likely push US Treasury Yields higher, weighing on Gold (XAU\/USD) and providing fresh momentum for the Greenback. It\u2019s a bank holiday in Japan and China.<\/p>\n

    Main events of the day:<\/div>\n