Macro Week Ahead: U.S.-Iran Tensions and the U.S. Jobs Report in the Spotlight

ME News reported that on May 3 (UTC+8), U.S. President Donald Trump said Iran's leadership was divided, complicating efforts to reach an agreement to end a nine-week conflict that has helped spark a global energy crisis. Trump said Iran's demands were "ones I cannot accept," though some traders read the remarks as negotiating posture rather than a dismissal of a peace deal. Markets are now turning to the next wave of U.S. corporate earnings and a busy slate of labor-market indicators. Key events this week include: - Tuesday 00:50: William, permanent FOMC voter and President of the New York Fed, speaks - Tuesday 22:00: U.S. April ISM Non-Manufacturing PMI; U.S. March JOLTS job openings - Wednesday 20:15: U.S. April ADP employment change - Wednesday 21:30: Musalem, 2028 FOMC voter and President of the St. Louis Fed, speaks on the economic outlook and monetary policy - Thursday 01:00: Goolsbee, 2027 FOMC voter and President of the Chicago Fed, joins a panel discussion - Thursday 19:30: U.S. April Challenger job cuts - Friday 02:05: Hamaoki, 2026 FOMC voter and President of the Cleveland Fed, speaks - Friday 03:30: William, permanent FOMC voter and President of the New York Fed, speaks - Friday 22:00: U.S. May initial one-year inflation expectation; U.S. May preliminary University of Michigan consumer sentiment; U.S. March wholesale sales MoM Analysts expect next Friday's April nonfarm payrolls report to show solid job creation of 60,000, faster wage growth, steady unemployment and a higher labor-force participation rate. A Bloomberg survey of economists suggests private-sector hiring could come in even stronger. (Source: PANews)