Spain Labor Day

Info

History

Chart

Impact:

Low

Next Release:

Forecast:

Period: May 2020

What Does It Measure?

Spain Labor Day does not directly measure an economic indicator; rather, it serves as a national holiday commemorating the achievements of workers and labor movements. While not a measure of economic activity like production or inflation, the day draws attention to labor and employment matters, impacting sectors that close temporarily in observance.

Frequency

Spain Labor Day occurs annually on May 1st as a fixed-date public holiday, with no preliminary or revision data involved.

Why Do Traders Care?

Traders may care because Spain Labor Day can affect short-term economic activity and financial markets due to the closure of businesses and markets. While the direct impact is limited, any broader discussions on labor reform or employment trends associated with the event could indirectly influence investor sentiment and currency volatility.

What Is It Derived From?

Spain Labor Day is not derived from quantitative metrics or surveys but is instead rooted in the historical celebration of labor rights and achievements. It symbolizes the broader social and political focus on labor conditions and employment policies within Spain and globally.

Description

The event marks a day of rest for many workers and is widely observed through demonstrations, speeches, and public gatherings to discuss labor rights and social justice. As it is not associated with preliminary or final data releases, there is no economic reporting or revision cycle affiliated with Spain Labor Day. While there are no standardized methods of assessing its impact, the holiday may cause temporary shifts in economic activities due to business closures and market operations being paused.

Additional Notes

Spain Labor Day is considered a lagging indicator of economic sentiment, given its focus on past labor achievements rather than current or future economic data. This event aligns with similar labor observances in many countries globally, reflecting a shared focus on worker rights and conditions.

Bullish or Bearish for Currency and Stocks

This section is not applicable for Spain Labor Day as it does not embody an event with measurable economic outcomes or direct market implications.

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