The Week Ahead: Key Economic Events to Watch for June 2 – 6, 2025 

The first week of June is packed with high-impact economic events and data releases that could significantly influence currency markets and investor sentiment. Key reports from the US, Europe, Canada, Australia, and Switzerland will offer fresh insights into inflation trends, labor market conditions, and central bank policy decisions. Traders and analysts will be closely watching updates on US manufacturing and services activity, job openings, nonfarm employment, and interest rate moves from both the ECB and Bank of Canada. These indicators are set to shape expectations around economic growth and monetary policy in the coming months. 

High Impact Economic Events  

Monday 17:00 (GMT+3) – USA: ISM Manufacturing PMI (USD) 

Tuesday 09:30 am (GMT+3) – Switzerland: CPI m/m (CHF) 

Tuesday 17:00 (GMT+3) – USA: JOLTS Job Openings (USD) 

Wednesday 04:30 am (GMT+3) – Australia: GDP q/q (AUD) 

Wednesday 15:15 (GMT+3) – USA: ADP Nonfarm Employment Change (USD) 

Wednesday 16:45 (GMT+3) – Canada: Overnight Rate (CAD) 

Wednesday 17:30 (GMT+3) – USA: ISM Services PMI (USD) 

Thursday 15:15 (GMT+3) – Europe: Main Refinancing Rate (EUR) 

Thursday 15:30 (GMT+3) USA: Unemployment Claims (USD) 

Friday 15:30 (GMT+3) – Canada: Employment Change (CAD) 

Friday 15:30 (GMT+3) – USD: Nonfarm Employment Change (USD) 

Monday, June 2 

17:00 – USA: ISM Manufacturing PMI (USD) 

The Manufacturing PMI is a monthly survey of US manufacturing activity. It includes a composite index that indicates sector expansion if above 50 and contraction if below. The report tracks changes in key indicators like New Orders, Production, and Employment, offering insights into the manufacturing sector’s health and the broader economy. 

US manufacturing contracted in April for the second straight month, with the Manufacturing PMI falling to 48.7. Weaker demand and output were offset slightly by rising input prices and slower supplier deliveries. New orders and exports declined, while employment remained in contraction. Overall, the sector shows signs of softening amid economic uncertainty and trade-related inventory shifts. 

Economists anticipate a growth reading of 49.3. 

Tuesday, June 3 

09:30 am – Switzerland: CPI m/m (CHF) 

The Consumer Price Index (CPI) tracks the changes in the prices of goods and services that reflect the spending habits of private households in Switzerland. 

It shows how much consumers need to adjust their spending to maintain the same level of consumption despite price fluctuations. 

Switzerland’s consumer price index (CPI) remained flat in April 2025 at 107.5, with annual inflation at 0.0%. Price increases in clothing, air transport, and personal care were offset by declines in hotel stays, mountain railways, and domestic holidays, according to the Federal Statistical Office. 

Economists expect that monthly CPI will increase by 0.2%. 

17:00 – USA: JOLTS Job Openings (USD) 

It’s a monthly report based on employers’ surveys, indicating job vacancies in the US commercial, industrial, and office areas, excluding the farming industry. 

Growth in the indicator may have a positive effect on US dollar quotes. 

US job openings held steady at 7.2 million in March 2025, while hires (5.4 million) and separations (5.1 million) showed little change. Quits remained flat at 3.3 million, and layoffs edged down to 1.6 million, according to the latest JOLTS report. 

Wednesday, June 4 

04:30 am – Australia: GDP q/q (AUD) 

It indicates Australia’s economic activity and health, measuring the change in the total value of all goods and services produced in Australia in the current quarter compared to the previous one. 

Growth in the report can have a positive effect on AUD quotes. 

Australia’s economy grew 0.6% this quarter and 1.3% since December 2023, with broad-based growth driven by public and private spending and stronger exports. GDP per capita rose 0.1%, ending seven straight quarters of decline. 

Economists forecast a quarterly growth rate of 0.4%. 

15:15 – USA: ADP Nonfarm Employment Change (USD) 

It tracks the monthly change in employment across 19 manufacturing sectors in the US, excluding the agriculture and government sectors, based on the aggregated and anonymized payroll data of more than 25 million US employees. 

Private sector employment rose by 62,000 jobs in April, with annual pay up 4.5%, according to ADP. Hiring remains cautious amid mixed economic signals. 

Analysts expect that the US private sector will add 110,000 jobs. 

16:45 – Canada: Overnight Rate (CAD) 

The Bank of Canada announces its decisions on interest rates eight times a year. It is one of the key events influencing the Canadian dollar quote. The decision is made depending on the current economic conditions and financial outlook in the country. 

Changes in the interest rate lead to a short-term volatility of the Canadian dollar. An increase in the interest rate is seen as positive for the national currency. 

The Bank of Canada held its key interest rate at 2.75%, citing rising trade uncertainty and inflation risks. While inflation stood at 2.3%, ongoing tariffs and global volatility cloud the outlook, prompting the Bank to proceed cautiously to maintain price stability. 

Economists anticipate a rate reduction of 25 basis points. 

17:00 – USA: ISM Services PMI (USD) 

The ISM Services PMI measures activity in the US service sector for the reporting month. It is derived from a survey of supply executives in the services sector. Readings above 50 can have a positive effect on US dollar quotes. 

US services sector activity expanded for the 10th straight month in April, with the Services PMI rising to 51.6%. New orders and supplier deliveries improved, while employment remained in contraction. Price pressures intensified, and overall sentiment showed modest improvement despite ongoing challenges. 

Economists expect a growth reading of 52.0. 

Thursday, June 5 

15:15 – Europe: Main Refinancing Rate (EUR) 

ECB Interest Rate Decision is announced after the European Central Bank meetings, during which the eurozone’s monetary policy is discussed. The interest rate decisions are made depending on the inflationary outlook and economic growth. 

Cut in deposit rates may have a negative effect on EUR quotes. 

In April, the ECB Governing Council reduced its three key interest rates by 25 basis points. Effective April 23, the deposit rate is 2.25%, the main refinancing rate is 2.40%, and the marginal lending rate is 2.65%. 

Economists anticipate a rate cut of 25 basis points. 

15:30 – USA: Unemployment Claims (USD) 

An initial claim is filed by an unemployed individual seeking eligibility for unemployment insurance after leaving a job. This count serves as a leading economic indicator, reflecting labor market conditions. However, because these are weekly administrative data, they can be volatile and challenging to adjust seasonally. 

For the week ending May 24, initial jobless claims rose by 14,000 to 240,000. The insured unemployment rate increased to 1.3%, with continuing claims reaching 1.92 million—the highest since November 2021. 

Analysts predict a weekly reading of 232,000. 

Friday, June 6 

15:30 – Canada: Employment Change (CAD) 

Change in the number of employed individuals in the previous month. In general, when the actual figure is greater than the forecast, it is positive for the currency. 

Employment was little changed in April (+7,400), while the unemployment rate rose to 6.9%. Job gains in public administration and finance were offset by losses in manufacturing and retail. Wages grew 3.4% year-over-year. 

15:30 – USD: Nonfarm Employment Change (USD) 

The Nonfarm Payrolls report shows the number of new jobs added in the US across all non-agricultural sectors for a given month. An increase in this indicator can positively impact the value of the dollar. 

US nonfarm payrolls rose by 177,000 in April, while the unemployment rate held steady at 4.2%. Job gains were led by health care, transportation, finance, and social assistance, while federal employment declined. 

Economists predict the creation of 130,000 new jobs. 

Company Earnings (June 2 – 6)  

Thursday, June 5: Broadcom Inc. (AVGO) 

Thursday, June 5: Lululemon Athletica Inc. (LULU) 

Friday, June 6: ABM Industries Incorporated (ABM) 

Conclusion 

As the first week of June unfolds, a wave of critical economic data and central bank decisions will provide a clearer view of global economic momentum and monetary policy direction. From inflation and employment figures to interest rate announcements, these releases will help shape market expectations and currency movements. With ongoing uncertainty around growth, trade, and inflation, investors and policymakers alike will be watching closely for signals on where the global economy is heading next.