Oil prices hold sharp losses with focus on secondary India tariffs
As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Monday, May 5, 2025. The spotlight will be on the Services PMI and ISM Non-Manufacturing PMI reports, which will provide insights into the health of the U.S. service sector and overall economic conditions.
Major Economic Events to Watch
• 9:45 AM ET: Services PMI (Forecast:51.4, Previous: 54.4) - A key indicator of service sector performance based on surveys of over 400 executives.
• 10:00 AM ET: ISM Non-Manufacturing PMI (Forecast:50.6, Previous: 50.8) - A comprehensive gauge of the non-manufacturing sector’s economic condition.
Other Important Economic Events to Watch
• 9:45 AM ET: S&P Global Composite PMI (Forecast:51.2, Previous: 53.5) - A broad measure of economic activity across both manufacturing and services sectors.
• 10:00 AM ET: ISM Non-Manufacturing Employment (Previous:46.2) - Provides insight into employment trends in the service sector.
• 1:00 PM ET: 3-Year Note Auction (Previous:3.784%) - Indicates investor demand for medium-term government debt.
Other Economic Events to Watch
• 10:00 AM ET: ISM Non-Manufacturing New Orders (Previous:50.4) - Reflects incoming business in the service sector.
• 10:00 AM ET: ISM Non-Manufacturing Prices (Previous:60.9) - Measures price changes in the service sector.
• 10:00 AM ET: ISM Non-Manufacturing Business Activity (Previous:55.9) - Indicates the level of business activity in the service sector.
• 10:00 AM ET: CB Employment Trends Index (Previous:109.03) - Aggregates eight labor market indicators to forecast employment trends.
• 11:30 AM ET: 3-Month Bill Auction (Previous:4.200%) - Shows investor appetite for short-term government securities.
• 11:30 AM ET: 6-Month Bill Auction (Previous:4.065%) - Reflects demand for medium-term government debt.
• 12:00 PM ET: Total (EPA:TTEF) Vehicle Sales (Forecast:15.70M, Previous: 17.77M) - An important indicator of consumer spending and confidence.
For further information and the latest updates, please refer to our Economic Calendar, here.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.