The Week Ahead: The Holiday Feel

There is a holiday feel about next week trading week. The end of Ramadan will be celebrated on Wednesday in countries that include Indonesia, Malaysia and Singapore. Elsewhere the US markets are closed on Monday for Independence Day.

Staying in America, the US Bureau of Labor Statistics will report the latest Non-Farm Payrolls. The payroll numbers for May shocked the market when only 38,000 jobs were created. The lower-than-expected figure raised doubts as to whether the US Federal Reserve could raise interest rates this summer.

The Bank of Japan will hold a press conference on Thursday in Tokyo. Up for questions will be the Bank of Japan’s monetary policies. The Governor of the Japan’s central bank could be questioned over his plans to deal with the rising yen, which has made the country’s less competitive.

China will report the closely-watched Caixin Services PMI on Tuesday. The figure has been comfortably above a reading of 50 for the last ten years. It indicates that the services industry has been expanding.

And finally Singapore reports Manufacturing PMI figures on Monday. The manufacturing sector contracted in May, which was a continuation of the contraction that started in June 2015.

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