Newsquawk Week In Focus: US NFP, US ISM Mfg PMI, EZ Flash CPI, and Swiss CPI

Newsquawk · 2026-06-26

MON : Japanese Retail Sales (May), Spanish HICP Flash (Jun), Retail Sales (May), EZ Consumer Confidence Final (Jun), US Dallas Fed Manufacturing Index (Jun) TUE : RBA Minutes (Jun), Japanese Industrial Production (May), Unemployment Rate (May), Chinese NBS Manufacturing PMI (Jun), German Retail Sales (May), Import Prices (May), Swedish Retail Sales (May), UK GDP Final (Q1), French HICP Flash (Jun), PPI (May), German Unemployment Rate (Jun), German State/Nationwide CPI (Jun), Italian HICP Flash (Jun), Canadian GDP (Apr), US Chicago PMI (Jun), JOLTS Job Openings (May), US Dallas Fed Index (Jun) WED : Holiday: Canada Day (Jul), Global Manufacturing PMI Finals (Jul), Japanese Tankan Index (Q2), EZ Flash CPI (Jun), US Challenger Job Cuts (Jun), ADP Employment Change (Jun), ISM Manufacturing PMI (Jun) THU : SNB Financial Stability Report (Jul), South Korean CPI (Jun), Australian Balance of Trade (May), Swiss CPI (Jun), EZ Unemployment Rate (Jun), US NFP Report (Jun), Jobless Claims, Factory

AI 시장 분석

This week features concentrated releases of key macro data—US NFP and ISM Manufacturing PMI, EZ Flash CPI, and Swiss CPI—that are likely to strongly influence interest rate and monetary policy expectations. Strong US employment and manufacturing data would reinforce a hawkish Fed view, driving dollar strength and higher government bond yields, which would weigh on growth stocks and REITs. Conversely, signals of a manufacturing recovery would lift demand for industrials and commodities, benefiting related sectors. Preliminary consumer price readings from the EZ and Switzerland could affect ECB and SNB policy operations and increase volatility in the euro and Swiss franc.

상승 영향

Financials (US banks & financial service — Strong NFP raises expectations for higher rates, directly benefiting banks through wider net interest margins and improved lending revenues.
Dollar (USD) — Strong US employment and manufacturing data increase the likelihood of Fed tightening, promoting dollar strength and higher USD demand in FX markets.
Industrials & Capital Goods — Improvement in the ISM manufacturing index signals higher capex and demand for capital goods, leading to revenue gains for machinery and industrial equipment companies.
Commodities (copper, crude oil, etc.) — A manufacturing recovery and rising demand prospects improve demand for copper and crude oil, supporting commodity prices and related sectors.
European Financials (banks) — A rise in EZ Flash CPI would raise expectations of reduced ECB easing, widening rates and spreads and potentially improving bank profitability.

하락 영향

Growth stocks & Technology (including se — Stronger US data that push up interest rates and discount rates would pressure valuations of growth-sensitive stocks and the tech sector.
Bonds (government bonds) — Strong NFP and ISM act as catalysts for higher rates, causing existing government bond prices to fall and yield volatility to rise.
Gold (precious metals) — Rising rates and a stronger dollar increase the opportunity cost of holding gold, putting downward pressure on gold prices as a rate-linked asset.
REITs & Real Estate — Higher rates raise borrowing costs and discount rates, worsening capital costs and valuations for REITs and the real estate sector.
European Consumer Goods & Retail — If EZ and Swiss CPI rise, real purchasing power may weaken, increasing the risk of demand slowing for European consumer goods and retailers.

AI가 생성한 분석으로 투자 자문이 아닙니다.

DYAX Investor Sentiment

Bullish (Long) 50% · Bearish (Short) 50%

355 participants

Related News

원문 보기 — Newsquawk