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本周热点前瞻2025-06-30
Guo Tai Jun An Qi Huo· 2025-06-30 02:14
Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints The report provides a weekly preview of key economic data releases and events, and analyzes their potential impacts on the futures market. Different economic indicators and events may have various effects on different types of futures, such as industrial product futures, stock index futures, bond futures, and precious metal futures. For example, if certain manufacturing PMI data is higher than the previous value, it may slightly boost the prices of industrial product futures and stock index futures but suppress bond futures [3][11][17]. 3. Summary by Relevant Catalogs This Week's Key Focus - On June 30 at 09:30, China's June official manufacturing PMI, non - manufacturing PMI, and composite PMI will be released [2][3]. - On July 1 at 09:45, Markit will announce China's June Caixin manufacturing PMI [2][11]. - On July 1 at 22:00, the US ISM will release the US June ISM manufacturing PMI [2][17]. - On July 2 at 20:15, the US ADP will announce the June ADP employment change [2][19]. - On July 3 at 20:30, the US Bureau of Labor Statistics will release the June non - farm payroll report [2][22]. - Also, pay attention to domestic macro - policy changes, international trade and tariff wars, international geopolitical situations, and speeches by US President Trump and Fed officials [2]. This Week's Hotspot Preview June 30 - China's June official manufacturing PMI is expected to be 49.7 (previous 49.5), and non - manufacturing PMI is expected to be 50.3 (previous 50.3). A slight increase in manufacturing PMI may slightly boost industrial product and stock index futures but suppress bond futures [3]. - Germany's June CPI annual rate initial value is expected to be 2.2% (previous 2.1%) [5]. - The US June Chicago PMI is expected to be 43 (previous 40.5) [8]. - The European Central Bank will hold a central bank forum in Sintra from June 30 to July 2 [9]. July 1 - The USDA will release the quarterly inventory report and planting intention report at 00:00, which may affect agricultural product futures [10]. - China's June Caixin manufacturing PMI is expected to be 49 (previous 48.3). A slight increase may slightly boost industrial product and stock index futures but suppress bond futures [11]. - Germany's May real retail sales monthly rate is expected to be 0% (previous - 1.2%) [12]. - Germany's June seasonally - adjusted unemployment rate is expected to be 6.4% (previous 6.3%), and the number of unemployed is expected to increase by 15,000 (previous 34,000) [13]. - The eurozone's June harmonized CPI annual rate un - seasonally - adjusted initial value is expected to be 2.0% (previous 1.9%), and the core harmonized CPI annual rate un - seasonally - adjusted initial value is expected to be 2.3% (previous 2.4%) [14]. - Germany's June CPI annual rate initial value is expected to be 2.3% (previous 2.4%) [15]. - Global Western central bank governors will have a panel discussion at 21:30 [16]. - The US June ISM manufacturing PMI is expected to be 48.8 (previous 48.5). A slight increase may slightly boost non - ferrous metals, crude oil, and related futures but suppress gold and silver futures [17]. July 2 - The eurozone's May unemployment rate is expected to be 6.2% (previous 6.2%) [18]. - The US June ADP new employment is expected to be 85,000 (previous 37,000). An increase may boost non - ferrous metals, crude oil, and related commodity futures but suppress gold and silver futures [19]. - The US EIA will announce the change in crude oil inventory for the week ending June 27. A continued decline may boost crude oil and related commodity futures [20]. July 3 - China's June Caixin services PMI is expected to be 51.5 (previous 51.1) [21]. - The US June seasonally - adjusted new non - farm employment is expected to be 110,000 (previous 139,000), the unemployment rate is expected to be 4.3% (previous 4.2%), and the average hourly wage annual rate is expected to be 3.9% (previous 3.9%). A significant decrease in new non - farm employment and a slight decrease in the unemployment rate may boost gold and silver futures but suppress other industrial product futures [22]. - The US initial jobless claims for the week ending June 29 are expected to be 240,000 (previous 236,000) [23]. - The US May factory orders monthly rate is expected to be 8% (previous - 0.37%). A significant increase may boost non - ferrous metals, crude oil, and related commodity futures but suppress gold and silver futures [25]. - The US June ISM non - manufacturing PMI is expected to be 50.5 (previous 49.9). A slight increase may slightly suppress gold and silver futures [26]. July 4 - The National Bureau of Statistics will release the market prices of important production materials in circulation in late June, covering 9 categories and 50 products [27]. July 6 - OPEC + eight member countries will hold a meeting to decide the production policy for August, which may affect related commodity futures [28].