Josh Lipton and Julie Hyman break down the key events of the upcoming trading week. The Bureau of Labor Statistics (BLS) will release the June jobs report on Friday, with economists expecting unemployment to hold steady. The BLS will also release May’s Job Openings and Labor Turnover Survey (JOLTS), with 7.86 million job openings expected compared to April’s 8.06 million.
Fed Chair Jerome Powell will speak at the European Central Bank Forum in Portugal on Tuesday. The June FOMC meeting minutes are due on Wednesday.
Constellation Brands (STZ) will also report earnings on Wednesday.
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This article was written by Gabriel Roy
Video Transcript
Time now for to watch next week starting off with jobs.
The June jobs report is coming out on Friday.
Economists forecasting non farm payrolls and hourly wages to decline while the expecting unemployment to hold steady and ahead of Friday’s job support will be getting a new jolts report for May on Tuesday.
That number expected to take down slightly compared to April all the job data next week giving us more insight into the health of the labor force as the fed continues to wait timing of cuts.
And speaking of the fed fed chair, Jerome Pao is set to speak at the European Central bank Forum in Portugal on Tuesday.
Following that minutes from the Junes FO MC meeting are due out on Wednesday and finally, constellation brands will be reporting earnings on Wednesday.
The beer, wine and spirits producer announcing first quarter results.
Analysts expecting the report to highlight the durability of the beer business driven by volume growth and higher prices.