Outlook for Today's Financial data: focus on the release of the Federal Reserve's Economic Brown Book and release a large number of US data in the evening

Published: Jun 4, 2019 00:11
Source: SMM

SMM6 5: focus on the next day at 2:00 released the Federal Reserve released a brown book on the state of the economy.

On the data side, the May China Caixin Service Industry PMI, Purchasing managers' Index is usually released on the first working day of each month. If the PMI is higher than 50, it indicates that service industry activity is on an overall expansion trend. Below 50 reflects a contraction in the service sector. Because Australia is closely related to the Chinese economy, the quality of the Chinese economy has a huge impact on the Australian dollar.

The monthly rate (%) and annual rate (%) of retail sales in the euro area in April were released in the afternoon as the primary tool for measuring consumer spending, which is the most important part of overall economic activity.

ADP employment in the United States in May (10,000), employment data is the leading indicator of consumer spending, accounting for the majority of overall economic activity. It is seen as a leading indicator of non-farm payrolls, two days ahead of the official non-farm payrolls figures released by the Labor Department.

The May ISM non-manufacturing PMI, in the United States is a leading indicator of whether the economy is healthy or not. Businesses can respond quickly to market conditions. Purchasing managers' views on the economic situation of their companies may be the most timely and relevant.

EIA crude oil stocks changed in the week ended May 31 (10,000 barrels), EIA refined oil stocks changed in the week ending May 31 (10,000 barrels), and gasoline stocks in the United States changed in the week ended May 31 (10,000 barrels). This is a US indicator, and the increase or decrease in inventories will affect the price of crude oil, which in turn will have an impact on the Canadian dollar, because Canada's crude oil exports account for a large proportion of the economy. The impact is greater than the American Petroleum Institute's weekly crude oil inventory changes.

Today's important financial data are shown in the table below:

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Copper Anode Producers' Operating Rates Expected to Edge Down in China in July 2026
2 hours ago
Copper Anode Producers' Operating Rates Expected to Edge Down in China in July 2026
Read More
Copper Anode Producers' Operating Rates Expected to Edge Down in China in July 2026
Copper Anode Producers' Operating Rates Expected to Edge Down in China in July 2026
【SMM阳极铜快讯】SMM预计2026年7月中国阳极铜企业整体开工率将环比下降0.20个百分点至45.75%,其中矿产阳极铜企业预计开工率环比下降2.97个百分点至67.34%;废产阳极铜企业预计开工率环比上升0.92个百分点至36.92%。(仅指非自用阳极铜部分)
2 hours ago
China's copper anode enterprise operating rate weakened MoM in June 2026
2 hours ago
China's copper anode enterprise operating rate weakened MoM in June 2026
Read More
China's copper anode enterprise operating rate weakened MoM in June 2026
China's copper anode enterprise operating rate weakened MoM in June 2026
[SMM Copper Anode Flash] In June 2026, the operating rate of copper anode enterprises in China was 45.95%, down 1.42 percentage points MoM. By raw material, ore-derived copper anode enterprises saw their operating rate fall 5.22 percentage points MoM to 70.31%, while scrap-derived copper anode enterprises saw a 0.14 percentage points MoM rise to 36.00%. (Refers only to non-self-use copper anode)
2 hours ago
SMM smelter copper anode days of inventories in June 2026 decline
2 hours ago
SMM smelter copper anode days of inventories in June 2026 decline
Read More
SMM smelter copper anode days of inventories in June 2026 decline
SMM smelter copper anode days of inventories in June 2026 decline
[SMM Copper Anode Market] Due to tight supply of scrap-derived copper anode in China, combined with smelters controlling inventories at the mid-year period, SMM smelter copper anode days of inventories in June 2026 stood at 6.7 days, down 0.18 days MoM.
2 hours ago
Outlook for Today's Financial data: focus on the release of the Federal Reserve's Economic Brown Book and release a large number of US data in the evening - Shanghai Metals Market (SMM)