Next week's major events: US Nonfarm Payrolls, China's imports and exports, AMD and leading optical module companies' earnings reports.
```
Overview of Major Financial Events for the Week of May 4th - May 10th, all times are Beijing Time:
In terms of economic data, on May 8, the US April non-farm employment numbers are released, with market expectations of slower job growth. If data is significantly below expectations, it will strengthen the market's expectations of a Fed rate cut; on the same day, several Fed officials will speak. On May 9, China's import and export data will be released. Also noteworthy is China's foreign reserve data, after seventeen consecutive months of gold purchasing.
In tariff frictions and US-Iran situation, Trump announced a 25% tariff increase on EU cars and trucks exported to the US starting next week, rapidly escalating US-EU trade tensions and possibly boosting risk aversion sentiment. Furthermore, Iran submitted a new proposal, "relaxing negotiation conditions." Trump said he was "not satisfied", but "tends not to strike," and announced indefinite extension of the ceasefire agreement.
On earnings reports, leading optical module companies Lumentum, Coherent, as well as chip giants AMD, Arm, SMIC and others, release results; the market looks for answers on whether AI computing power demand remains in fast growth. Tencent Cloud raised prices for AI computing products by 5%, indirectly verifying supply shortages.
Economic Indicators
- China April Export and Foreign Reserve Data
On May 9, China's import and export data will be released. Industrial Securities estimates that with the impact of the Spring Festival timing dissipating, year-on-year April exports and industrial added value may rebound.
On May 7, April foreign exchange reserve data will be published; China has already been increasing gold holdings for seventeen consecutive months.
- US April Non-Farm Employment Data
On May 8, the US April non-farm payroll data will be released. Market expectation is that April's added non-farm jobs may slow from March's 178,000, unemployment rate expected to remain stable. The market will focus on the degree of cooling in the job market.
On the same day, several Fed officials will speak at Stanford University. If job growth is much lower than expected, it could strengthen market expectations of a Fed rate cut.
- Australia Policy Rate Decision
On Tuesday, May 5, the Reserve Bank of Australia will announce its rate decision, and Governor Bullock will hold a press conference after. Data shows market expectations are divided: rate pricing suggests a possible hike to 4.35%, But Bloomberg Economics baseline expects a hold at 4.10%. Key point is how the RBA balances inflation shock brought on by Iran war and drag on growth.
Next week, the central banks of Mexico, Norway, and Sweden will also release their rate decisions.
- Bank of Japan releases March Monetary Policy Meeting Minutes
The BOJ releases minutes from its March monetary policy meeting. Previously, the BOJ left policy unchanged but the bank governor was "hawkish", saying they will continue to raise rates according to economic situations.
Financial Events
- Trump: Will impose 25% tariff on EU cars and trucks exported to US (All week)
According to CCTV News, on May 1 local time, US President Trump said that due to the EU's failure to fulfill the trade agreement, the US will raise tariffs to 25% next week (week of May 4) on cars and trucks imported from the EU. Trump says that if related companies build factories in the US, they can be exempted from the tariffs.
- Continue to monitor Middle East situation, Trump announces: indefinite extension of ceasefire agreement (All week)
Iran submitted a new negotiation plan to the US via Pakistan, stating willingness to discuss nuclear issues in exchange for lifting sanctions, and willingness to negotiate opening the Hormuz Strait if the US guarantees no attacks and lifts port blockades. Trump said he was "not satisfied", but inclined "not to use force". On May 1, Trump sent a letter to Congress, announcing the Iran operation was "actually ended" and the ceasefire agreement would be extended indefinitely.
- During Golden Week, Japan may intervene again in yen markets
During Golden Week (May 3 to May 5), Japanese markets are closed and liquidity contracts sharply, historically frequently seeing sharp exchange rate moves. Analysts warn this window may again become a target for speculators or trigger authorities to intervene again in FX markets. On April 30, after nearly two years, Japan intervened in FX markets, spending over $90 billion to buy yen, the yen rose 3%, its biggest gain in four years. After the intervention, Japanese officials hinted that during Golden Week they are ready to intervene again at any moment, and the market is highly alert to a second intervention.
- After FOMC meeting, Fed permanent voter Williams and other officials will make statements
At the April 28-29 policy meeting, the Fed kept the federal funds rate target range at 3.5% to 3.75% as expected.
After the meeting, FOMC permanent voter Williams and other Fed officials will speak. On May 5, FOMC permanent voter and NY Fed President Williams will speak. On May 6, 2028 FOMC voter and St. Louis Fed President Musalem will speak about the economic outlook and monetary policy. On May 7, 2027 FOMC voter and Chicago Fed President Goolsbee will participate in a panel discussion at a conference. On May 8, 2026 FOMC voter and Cleveland Fed President Harker, and FOMC permanent voter Williams, will give speeches. On May 9, Chicago Fed President Goolsbee and San Francisco Fed President Daly will attend a panel discussion at the Hoover Institution 2026 Monetary Policy Conference.
- Tencent Cloud raises prices by 5% for AI computing, container services and other products
Tencent Cloud announced that starting May 9, 2026, the list prices for AI computing, container service TKE native nodes, and elastic MapReduce (EMR) related products will be uniformly raised by 5%, citing surging global demand for AI computing and significant cost increases in core hardware supply chains.
- Audi E7X pre-sale starts May 8
On April 24, the AUDI brand's second model—the flagship SUV Audi E7X—was unveiled. The new vehicle will start pre-sales on May 8.
- Iran stock market suspends trading until May 4
According to CCTV News, on the 30th local time, the Iran Securities and Exchange Organization stated, upon Supreme Securities Committee decision, stock market trading will be suspended until May 4. The reopening time will depend on ongoing assessment of market conditions and whether related requirements are met.
- Domestic refined oil products open a new round of price adjustment window
On May 8, domestic refined oil products will open a new round of price adjustment. Previously, at 24:00 on April 21, domestic refined oil saw its first price reduction of the year, with retail prices of gasoline and diesel dropping by 555 yuan and 530 yuan per ton respectively. The market is watching to see if this downward trend will continue.
Earnings Reports
- Lumentum, Coherent, AMD, Arm and others earnings reports
Next week, US-listed optical module giants Lumentum, Coherent, AI and chip industry chain players Coreweave, AMD, Arm will release earnings reports.
Meanwhile, McDonald's, HSBC, Disney, Novo Nordisk, Shell, Toyota, Sony and other giants will disclose reports.
Domestic companies like Baizhou Shenji will also release earnings; the market will focus on guidance from tech companies (Arm, AMD) regarding chip industry demand.
- Betley ChiNext IPO review set for May 8
The Shenzhen Stock Exchange Listing Review Committee will hold its 21st review meeting of 2026 on May 8, 2026, to review the IPO of Suzhou Betley Polymer Materials Co., Ltd. (first issuance).
Next week, an overview of Hong Kong-listed companies' earnings disclosure dates:
Risk Warning & DisclaimerThe market involves risks; investment requires caution. This article does not constitute personal investment advice, nor does it take into account any user's specific investment objectives, financial situation, or needs. Users should consider whether any opinions, views, or conclusions in this article fit their particular circumstances. Invest accordingly at your own risk. ```