Markets Eye U.S. Jobs Data Next Week as SpaceX Prepares Quarterly Results

News Editor

2026-08-02 03:50:00

Investors will head into next week watching a packed calendar of U.S. economic releases, with Friday’s July nonfarm payrolls report set to take center stage, according to a Jin10 market preview cited by PANews. The broader backdrop includes continued attention on U.S. Treasury yields, earnings from major technology companies, the Federal Reserve’s policy stance, and geopolitical tensions in the Middle East. Gold remained above the $4,000 mark during the past week, with spot prices closing near $4,043 per ounce on Friday. The report said bullion showed relatively weak performance during the week as a stronger U.S. dollar and rising yields weighed on prices. The schedule for the week includes U.S. manufacturing and services PMI readings, JOLTs job openings, factory orders, ADP employment data, ISM non-manufacturing PMI, weekly jobless claims, the global supply chain pressure index, wholesale sales, and New York Fed one-year inflation expectations. Friday’s labor report is expected to show a modest rebound in payroll growth to 90,000 in July after a weak 57,000 increase in June, while the unemployment rate is forecast to edge up from 4.2% to 4.3%. On the earnings side, the report highlighted Palantir, SpaceX, Advanced Micro Devices, Sandisk, and Western Digital as names to watch.

Investors will be watching a heavy run of macro releases next week, with the U.S. July nonfarm payrolls report expected to be the main event, according to a Jin10 preview cited by PANews.

The report said markets moved in different directions over the past week, with U.S. Treasury yields, technology earnings, the Federal Reserve’s policy stance and geopolitical tensions in the Middle East all drawing close attention.

In gold, spot prices traded above $4,000 and ended Friday near $4,043 an ounce. The report described gold as relatively weak during the week as a firmer dollar and higher yields weighed on performance.

Key economic releases for the week ahead

All times below are Beijing time:

Monday 21:45: U.S. final July S&P Global manufacturing PMI
Tuesday 22:00: U.S. June JOLTs job openings; U.S. June factory orders month-on-month
Tuesday, time to be determined: SpaceX to release results for the second quarter of 2026
Wednesday 17:00: Eurozone June PPI month-on-month
Wednesday 20:15: U.S. July ADP employment change
Wednesday 21:45: U.S. final July S&P Global services PMI
Wednesday 22:00: U.S. July ISM non-manufacturing PMI
Thursday 17:30: U.S. July Challenger job cuts
Thursday 20:30: U.S. initial jobless claims for the week ending Aug. 1
Thursday 22:00: U.S. July global supply chain pressure index; U.S. June wholesale sales month-on-month
Friday 20:30: U.S. July unemployment rate, July nonfarm payrolls, July average hourly earnings year-on-year, and July average hourly earnings month-on-month
Friday 23:00: New York Fed one-year inflation expectations for July

Nonfarm payrolls in focus

Friday’s U.S. labor report is expected to be the central market focus next week.

After a weak June reading that showed payroll growth of 57,000, analysts expect July payrolls to improve slightly to 90,000. At the same time, the unemployment rate is projected to edge higher to 4.3% from 4.2%.

Earnings to watch

The preview also highlighted a set of closely watched corporate earnings releases for the week:

Monday: Palantir
Tuesday: SpaceX (SPCX.O) and Advanced Micro Devices (AMD.O)
Wednesday: Sandisk (SNDK.O) and Western Digital (WDC.O)

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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