The ever-closer deadline for a trade agreement between the US and the EU is likely to continue to provide plenty to talk about on the German stock market. Investors are likely to be hoping for a last-minute deal. Last but not least, the publication of the official US labor market report on Thursday could also cast a shadow. Due to a public holiday, the stock exchange doors on Wall Street will remain closed on Friday.
DAX
Source: TradingView
The 90-day US customs break ends on July 9 - investors hope for a last-minute deal
The hope of a trade agreement between the United States and the European Union is likely to remain one of the topics of discussion for the rest of the week. This is because the US government's 90-day tariff freeze, during which it discusses trade relations with other countries, ends on July 9.
Senate votes in favor of "Big Beautiful Bill" - House of Representatives still has to agree
On Tuesday, an important tax and spending bill ("Big Beautiful Bill") cleared a significant hurdle in the US Congress. Now that the Senate has voted in favor of the bill, it must be approved by the House of Representatives, but this is not a foregone conclusion.
However, the US debt mountain could grow by a further 3.3 trillion dollars within the next ten years, according to the report.
The ADP employment data this afternoon (14:15) should provide a first appetizer for tomorrow's publication of the so-called Non-Farm Payrolls (NFPs).
US labor market report could provide monetary policy impetus - Wall Street remains closed on Friday due to the holiday
Investors will consequently be focusing on the US labor market data (non-farm payrolls) on Thursday, which could provide monetary policy impetus. In addition to the publication of the unemployment rate, it is also important to keep an eye on average hourly wages (14:30).
The ISM index for the service sector in the USA, which is expected at 16:00, should also be of interest.
Even though Wall Street will be closed on Friday due to the Independence Day holiday, new data on the European producer price index should be observed here in Germany on Friday (11:00 a.m.).
