April 28 – May 2, 2025
US Economic Data Releases:
On Wednesday (Apr 30th), the U.S. Bureau of Economic Analysis (BEA) will publish GDP figures for Q1. This is the first GDP release under the current administration and investors will pay attention to this number to gauge the impact of the uncertainty created by President Trump’s trade policies. Currently the market expectation is for a 0.3% QoQ reading, while Q4 GDP reading was 2.4%.
Also on Wednesday, PCE inflation numbers for March will be released. Although we already had CPI numbers for March, the market will be watching this release to get a better sense of the Fed’s expected course of action in the coming months.
On Thursday (May 1st), the Department of Labor Statistics will publish jobless claims figures. Initial jobless claims in the US rose by 6,000 to 222,000 for the third week of Apr. For the week ending on April 26th, the market expects jobless claims at 224,000.
On Friday (May 2nd), The Bureau of Economy Analysis will publish its employment report. The current market forecast is for the U.S. economy to have added 133K jobs in April versus 228K jobs added in March. The expected reduction reflects the reduction in government workforce brought about by the DOGE cuts.
International Data releases:
This week we will have GDP releases for Mexico and Canada on Wednesday and CPI data for Australia on Tuesday 29th and for the Eurozone on Friday May 2nd.
Economic Calendar
| Date | Flag | Event | Period |
|---|---|---|---|
| 4/28/2025 | Mexico | Unemployment Rate NSA | Mar |
| 4/28/2025 | Mexico | Trade Balance | Mar |
| 4/28/2025 | Eurozone | ECB's Guindos Speaks in EU Parliament | |
| 4/28/2025 | United States | Dallas Fed Manf. Activity | Apr |
| 4/29/2025 | Eurozone | Consumer Confidence | Apr F |
| 4/29/2025 | United States | JOLTS Job Openings | Mar |
| 4/29/2025 | United States | JOLTS Job Openings Rate | Mar |
| 4/29/2025 | United States | Conf. Board Consumer Confidence | Apr |
| 4/29/2025 | Japan | Industrial Production MoM | Mar P |
| 4/29/2025 | Japan | Industrial Production YoY | Mar P |
| 4/29/2025 | Australia | CPI | Mar |
| 4/29/2025 | United Kingdom | BOE's Ramsden Speaks | |
| 4/29/2025 | Eurozone | ECB's Holzmann Speaks in Vienna | |
| 4/29/2025 | China | Manufacturing PMI | Apr |
| 4/29/2025 | Australia | CPI YoY | 1Q |
| 4/29/2025 | China | Caixin China PMI Mfg | Apr |
| 4/30/2025 | Eurozone | GDP SA YoY | 1Q A |
| 4/30/2025 | Eurozone | GDP SA QoQ | 1Q A |
| 4/30/2025 | United States | MBA Mortgage Applications | 25-Apr |
| 4/30/2025 | South Africa | Trade Balance Rand | Mar |
| 4/30/2025 | Mexico | GDP | 1Q P |
| 4/30/2025 | United States | ADP Employment Change | Apr |
| 4/30/2025 | United States | GDP | 1Q |
| 4/30/2025 | Canada | GDP | Feb |
| 4/30/2025 | United States | PCE Price Index | Mar |
| 4/30/2025 | United States | Core PCE Price Index | Mar |
| 4/30/2025 | Australia | S&P Global Australia PMI Mfg | Apr F |
| 4/30/2025 | Australia | Trade Balance | Mar |
| 5/1/2025 | United Kingdom | S&P Global UK Manufacturing PMI | Apr F |
| 5/1/2025 | United States | Initial Jobless Claims | 26-Apr |
| 5/1/2025 | United States | Continuing Claims | 19-Apr |
| 5/1/2025 | Canada | S&P Global Canada Manufacturing PMI | Apr |
| 5/1/2025 | United States | S&P Global US Manufacturing PMI | Apr F |
| 5/1/2025 | United States | ISM Manufacturing | Apr |
| 5/1/2025 | United States | ISM New Orders | Apr |
| 5/1/2025 | Japan | Japan Buying Foreign Bonds | 25-Apr |
| 5/1/2025 | Japan | Foreign Buying Japan Bonds | 25-Apr |
| 5/2/2025 | Eurozone | CPI | Apr P |
| 5/2/2025 | Eurozone | Unemployment Rate | Mar |
| 5/2/2025 | United States | Change in Nonfarm Payrolls | Apr |
| 5/2/2025 | United States | Unemployment Rate | Apr |
| 5/2/2025 | United States | Labor Force Participation Rate | Apr |
| 5/2/2025 | United States | Durable Goods Orders | Mar F |
| 5/2/2025 | Mexico | S&P Global Mexico Manufacturing PMI | Apr |
| 5/2/2025 | Mexico | Remittances Total | Mar |
Contact Comerica Foreign Exchange
800.746.6439
248.371.6808
800.318.9062
562.951.2450
800.736.6734
214.890.4341
416.367.4438
This is not a complete analysis of every material fact regarding any company, industry or security. The information and materials herein have been obtained from sources we consider to be reliable, but Comerica Capital Markets does not warrant, or guarantee, its completeness or accuracy. Materials prepared by Comerica Capital Markets personnel are based on public information. Facts and views presented in this material have not been reviewed by, and may not reflect information known to, professionals in other business areas of Comerica Capital Markets, including investment banking personnel.
The views expressed are those of the author at the time of writing and are subject to change without notice. We do not assume any liability for losses that may result from the reliance by any person upon any such information or opinions. This material has been distributed for general educational/informational purposes only and should not be considered as investment advice or a recommendation for any particular security, strategy or investment product, or as personalized investment advice.
