Compiled by: GaryMa Wu Blockchain
Summary
Wu Blockchain's Weekly Macro Indicators and Analysis: Last week, the Bank of Japan maintained interest rates unchanged, the US Q1 GDP preliminary value was -0.3%, and US non-farm employment was higher than expected. This week will see the Federal Reserve's interest rate decision and Powell's press conference, with the market generally expecting rates to remain unchanged.
Last Week Review
Key Events & Indicators This Week
May 06
May 08
May 09
Summary
Wu Blockchain's Weekly Macro Indicators and Analysis: Last week, the Bank of Japan maintained interest rates unchanged, the US Q1 GDP preliminary value was -0.3%, and US non-farm employment was higher than expected. This week will see the Federal Reserve's interest rate decision and Powell's press conference, with the market generally expecting rates to remain unchanged.
Last Week Review
- US ADP employment in April increased by 62,000, the slowest growth in nine months, below the expected 115,000, with the previous value at 155,000.
- US non-farm employment grew by 177,000 in April, expected at 138,000
- US unemployment rate in April was 4.2%, in line with expectations and the previous value of 4.2%.
- US Q1 real GDP annualized quarter-on-quarter preliminary value was -0.3%, the lowest level since Q2 2022.
- US March core PCE price index year-on-year was 2.6%, expected 2.6%, previous value 2.8%;
- China's official manufacturing PMI in April was 49, down 1.5 percentage points from the previous month, indicating a decline in manufacturing prosperity.
- China's Caixin manufacturing PMI in April was 50.4, down 0.8 percentage points from the previous month, the lowest in three months, but manufacturing sentiment has remained above the boom-bust line for seven consecutive months.
- Bank of Japan maintained interest rates, lowered GDP and inflation forecasts, and the cooling rate hike expectations pushed the yen lower.
Key Events & Indicators This Week
May 06
- China's Caixin Services PMI (09:45)
May 08
- Federal Reserve FOMC Interest Rate Decision (02:00)
- Federal Reserve Chair Powell's Monetary Policy Press (02:30)
- Bank of England Interest Rate Decision, Meeting Minutes, and Monetary Policy Report (19:00)
May 09
- China's M2 Money Supply Year-on-Year in April
