Wall Street Flat as Investors Await Jackson Hole
Tuesday 19 August 2025
30 June Weekly Preview: ECB Forum, CPI, Market Holiday & More
As June wraps up and July begins, markets are likely preparing for a series of significant economic events and reports expected this week.
Let’s take a closer look:
Bitcoin Hovers Over $108K
Bitcoin began the week with modest gains, trading above $108K on Sunday, June 29. According to some, this may reflect a period of market hesitation and subdued volatility.
Moreover, such stability stands out amid fluctuating trading volumes and recent geopolitical uncertainties. The slight increase from the previous day seems to be supported by relatively steady demand and continued institutional interest, despite low liquidity and the risk of sudden price swings.
Some analysts interpret the narrow trading range and consistent volume as signs of cautious optimism. Traders and investors appear to be waiting for clearer signals before making major moves.”
Despite these incremental gains, Bitcoin still faces difficulty breaking past its record high of about $111K. It’s also important to remember that past performance is not indicative of future results. (Source: TradingView)
ECB Forum on Central Banking
The annual European Central Bank forum in Sintra, Portugal, will take place this week, starting Monday, 30 June, and ending Wednesday, 2 July.
Economists, media representatives, academics, and central bank members will attend the event to discuss monetary policy issues and focus on “adapting to change: macroeconomic shifts and policy responses.”
It will be interesting to see whether significant monetary policy insights will emerge from this key economic event.
Labour Party’s Rule in the UK Hits a Year
Under Prime Minister Keir Starmer's leadership, the United Kingdom’s Labour Party will mark its first year in power on Friday, 4 July.
However, Starmer is approaching this milestone with declining approval ratings, now trailing behind other prominent political figures, including Reform UK’s Nigel Farage, Liberal Democrat leader Sir Ed Davey, and the Conservative Party’s Kemi Badenoch.
Over the past year, Starmer has faced mounting external pressures, from a high-profile dispute with Elon Musk to navigating complex foreign policy challenges in Ukraine and the Middle East. Even a trio of major trade agreements with the European Union, India, and the United States failed to boost his popularity significantly. Domestically, economic troubles remain the most pressing issue, sparking criticism from the public and within his own party, where calls are growing to revisit key reform policies.
Global CPI Reports
Consumer Price Index (CPI) reports are set to be released from global economies this week, reflecting the countries’ financial health and inflation levels.
Here are the main CPI releases of the week:
Germany CPI on Monday, 30 June.
Italy CPI on Monday, 30 June.
Eurozone CPI on Tuesday, 1 July.
What will these reports reveal about the state of these EZ economies?
Global PMI Reports
This week, several economies are set to release their Purchasing Managers' Index (PMI) reports. The PMI is a crucial indicator that reflects the health of a country's manufacturing and services sectors.
U.S. PMI on Tuesday, 1 July.
UK PMI on Tuesday, 1 July.
Canada PMI on Wednesday, 2 July.
Eurozone PMI on Thursday, 3 July.
How are the US, Canada, and Eurozone economies’ manufacturing and services sectors faring?
More Important Reports
Other reports to keep track of this week include:
Tuesday, 1 July:
U.S. JOLTS Jobs Openings
U.S. Construction Spending
Wednesday, 2 July:
Eurozone Unemployment Rate
U.S. ADP Employment
Thursday, 3 July:
U.S. Initial Jobless Claims
U.S. Factory Orders Trade
Friday, 4 July:
Eurozone Producer Price Index (PPI)
Stock Market Holiday
U.S. stock and bond markets will be closed all day on Friday, 4 July, in observance of U.S. Independence Day.
Trading will resume at the usual opening time on Monday, 7 July, unless there are any unforeseen circumstances or market disruptions.
Conclusion
As June transitions into July, global markets are braced for a pivotal week filled with economic data, policy discussions, and geopolitical reflections. From the ECB’s central banking forum to a full slate of CPI and PMI releases, each event can shift sentiment and influence monetary outlooks. With the Labour Party marking one year in power amid rising political scrutiny and the U.S. markets pausing for Independence Day, this week promises to be both data-heavy and politically charged.
*Past performance does not reflect future results.
