Italy Labor Day

Info

History

Chart

Impact:

Low

Next Release:

Forecast:

Period: May 2020

What Does It Measure?

Italy's Labor Day is a national holiday that does not directly measure any economic indicators but symbolizes the celebration and recognition of labor and workers' rights. It focuses on honoring the contributions of workers to the economy and can indirectly impact employment dynamics by influencing worker sentiment and labor-market-related economic activities.

Frequency

Italy's Labor Day is celebrated annually on May 1st.

Why Do Traders Care?

Although Italy's Labor Day does not directly impact financial markets, the closure of financial markets and businesses for this holiday can lead to lower trading volumes and reduced market activity. Traders pay attention to how the holiday might influence market liquidity and scheduling of other significant economic data releases or corporate events around this date.

What Is It Derived From?

Italy's Labor Day is derived from historical movements advocating for labor rights and is not based on any quantitative data or calculation. It originated in the late 19th century and has since been observed as a day to commemorate the achievements and rights of workers.

Description

Italy's Labor Day marks a public holiday, widely celebrated with parades, speeches, and other cultural activities, emphasizing social and economic achievements for workers. As a day off work for many, it can affect business output temporarily but does not have a broader economic reporting role. While financial markets are usually closed, this can delay or reschedule data releases otherwise impacting market expectations. Given its nature, the holiday is not subject to revisions or calculations, unlike conventional economic data sets.

Additional Notes

The celebration of Labor Day in Italy is considered a coincident economic measure as it reflects directly on the labor force's historical rights and achievements at a fixed point in time. It is comparable to similar labor observances globally, signaling solidarity with international movements and influencing regional cultural and economic contexts.

Bullish or Bearish for Currency and Stocks

This event does not typically have a measurable impact on currency or stock markets as it is a holiday rather than an economic report or policy decision. Thus, no bullish or bearish implications are directly associated with Italy's Labor Day.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the ‘Actual’ value differs enough from the forecast or if the ‘Previous’ value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the ‘Actual’ deviates from the forecast or there’s a notable revision to the ‘Previous’ value.

Medium Potential Impact
This event is unlikely to affect market pricing unless there’s an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency.

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise