Market Insights with Gary Thomson: Eurozone Inflation, US Jobs, ISM PMIs, ECB Forum Updates

In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!

In this episode, we discuss:

• Euro Area Inflation Rate YoY Flash
  Eurozone inflation cooled in May, falling below the ECB’s 2% target for the first time since 2024, prompting a rate cut. Markets await the June flash report on 1 July to see if the trend holds, with core inflation and geopolitical risks in focus. Will the upcoming data confirm continued disinflation, or could a surprise reading unsettle markets again?
  
• US Nonfarm Payrolls and Unemployment Rate
  The U.S. June Nonfarm Payrolls and unemployment rate are due on 3 July. May’s report showed modest job gains and a steady 4.2% unemployment rate, supporting the dollar and easing pressure on the Fed. Markets will watch closely as Trump continues to push for rate cuts. Will June’s data strengthen the dollar or fuel demands for more easing?
  
• US ISM Manufacturing and Services PMI
  The U.S. ISM Manufacturing and Services PMIs will be released on 1 and 3 July. May’s reports showed deeper contractions in both sectors and persistent price pressures, highlighting economic uncertainty under Trump’s trade policies. Will June’s PMIs show signs of stabilisation or signal further weakness ahead?
  
• ECB Forum on Central Banking
  The ECB Forum runs from 30 June to 2 July, with Powell, Lagarde, and Bailey likely to weigh in on inflation and rates.

Note: U.S. markets may see thin trading ahead of the 4 July holiday, raising volatility risks.

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