The Week Ahead: Markets Brace for Powell and Jobs Data to Set the Tone This Week

2 days ago


Tuesday (June 3):
• 14:00 GMT – JOLTS Job Openings (Apr); forecast: 7.19M
• Earnings – Dollar General (DG) $1.48; Donaldson (DCI) $0.95; Ferguson (FERG) $2.03; NIO -$2.56; Ollie’s (OLLI) $0.71; Signet (SIG) $1.01
• Earnings (after close) – CrowdStrike (CRWD) $0.66 on $1.1B; HPE $0.33; Asana $0.02; Guidewire $0.46; Couchbase -$0.08; Yext $0.11

Wednesday (June 4):
• 12:15 GMT – ADP Employment Change (May); forecast: 110K, prior: 62K
• 14:00 GMT – ISM Services PMI (May); forecast: 52.0, prior: 51.6
• Earnings – Dollar Tree (DLTR) $1.20 on $4.5B; Genesco (GCO) -$2.09; REV Group (REVG) $0.57; Sprinklr (CXM) $0.10; Thor Industries (THO) $1.76
• Earnings (after close) – MongoDB (MDB) $0.66; PVH (PVH) $2.24; Five Below (FIVE) $0.78; Verint (VRNT) $0.23; Argan (AGX) $1.09; Descartes (DSGX) $0.44; Greif (GEF) $1.13

Thursday (June 5):
• 12:30 GMT – Initial Jobless Claims; forecast: 232K, prior: 240K
• Earnings – Brown-Forman (BF.B) $0.34; Ciena (CIEN) $0.52; Cracker Barrel (CBRL) $0.24; Hello Group (MOMO) $1.34; Toro (TTC) $1.39; Victoria’s Secret (VSCO) $0.04
• Earnings (after close) – Broadcom (AVGO) $1.57 on $15B; Lululemon (LULU) $2.58; DocuSign (DOCU) $0.81; Rubrik (RBRK) -$0.32; Braze (BRZE) $0.05; Samsara (IOT) $0.06; Vail Resorts (MTN) $10.04; Petco (WOOF) -$0.02; ServiceTitan (TTAN) -$0.40; Zumiez (ZUMZ) -$0.78

Friday (June 6):
• 12:30 GMT – Average Hourly Earnings MoM (May); forecast: +0.3%, prior: +0.2%
• 12:30 GMT – Nonfarm Payrolls (May); forecast: 130K, prior: 177K
• 12:30 GMT – Unemployment Rate; forecast: 4.2%, prior: 4.2%
• Earnings – ABM Industries (ABM) $0.87

Powell Headlines a Data-Heavy Week for Policy Signals

Fed Chair Powell’s Monday remarks come as markets anticipate no rate cut until September. Last month’s Fed minutes reinforced a patient stance, with uncertainty tied to tariffs and inflation risks. Powell’s tone will be scrutinized for any change in bias. No other major Fed speeches or releases are scheduled this week.

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