Manage Watchlist
Watchlist Name:
Add Symbol:
 
Manage All Watchlists
Symbol 1
Close
Save to ...
New Watchlist Manage All Watchlists
Watch List 1
Close
Manage All Watchlists
Order Symbols By:
Most Recent Alphabetical
New Watchlist
Watch List 1
Close
Symbol Search
Symbol
Description
All sources
Sources
Simply start typing while on the chart to pull up this search box
Spain EUR

Spain Labour Day (Substitute Day)

Impact:
Low

Latest Release:

Date:
Actual:
 
Forecast:
Previous/Revision:  
Period:
What Does It Measure?
Spain's Labour Day (Substitute Day) measures the observance of the International Workers' Day, which highlights the contributions of workers and the labor movement. It serves as an evaluation of employment trends and labor relations, focusing on factors such as workforce participation, labor rights, and potential impacts on productivity during holidays.
Frequency
This event is observed annually on May 1st, with substitute days typically observed on the nearest weekday when the holiday falls on a weekend.
Why Do Traders Care?
Traders pay attention to Labour Day as it may influence economic productivity and consumption patterns, especially in retail and service sectors, affecting stock market performance. The day off for workers can lead to short-term economic impacts, such as decreased output, which may sway forecasts for key economic indicators.
What Is It Derived From?
Labour Day derives from extensive social and historical observations related to labor rights and is influenced by various labor movements and governmental proclamations. It does not have a numerical derivation but instead reflects cultural practices and labor-related policies within Spain.
Description
As a holiday, Labour Day does not possess numerical data but is significant as it marks a day of recognition for labor achievements and raises awareness about workers' rights. The day can affect markets by creating temporary shifts in productivity data, thereby influencing economic forecasts and labor statistics.
Additional Notes
Labour Day is considered a coincident economic measure, indicating broader economic trends relating to employment levels and labor market conditions. It reflects societal attitudes towards labor rights and can be compared with other labor-related indicators, such as unemployment rates and average wage growth.
Bullish or Bearish for Currency and Stocks
This event does not typically have expected numerical values to assess for bullish or bearish impacts on currency and stocks. As it does not directly influence monetary policy or economic data releases, this section is not applicable.

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.

Low 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 Forcast 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
May 02, 2016