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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
Jun 4,2019 00:11CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

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:

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