STORY: From U.S. jobs data, to a check-in on China's economy, these are the stories to watch in business and finance in the coming week.

:: Look Ahead

:: Halfway line

The year crosses the halfway line and while U.S. President Donald Trump's return to power was always going to ruffle markets, some describe it as a once-in-a-generation "great rotation."

King Dollar is having its worst start to a year since the era of free-floating currencies began, as U.S. debt worries grow.

And the "Magnificent 7" stocks are flat too, compared to a near 20% leap by Chinese "Big Tech," gold's 25% surge and a 60% boom in European defense stocks.

:: Jobs jolt

The latest U.S. jobs data due on July 3 will shed light on the health of the labor market.

It comes as investors are debating at what point the Fed will next cut rates.

According to a Reuters poll, June numbers are expected to show employment grew by 129,000 jobs, modestly slower than May's increase.

Investors are also watching the progress of Trump's tax-cut and spending bill, which he hopes to sign into law before the July 4 holiday.

:: Sintra Forum

The European Central Bank's annual forum in Sintra, Portugal, gets started on Tuesday.

Focus will be on what rates-setters from ECB chief Christine Lagarde to the Fed's Jerome Powell say on never-ending geopolitical turbulence.

Powell is in the spotlight with Trump considering naming his successor early, fanning worries over Fed independence.

:: Lift-off?

We're halfway through the year and China's long-awaited economic recovery has barely taken off.

Monday's official purchasing managers' index figures will likely paint the same bleak picture investors have faced for most of the year as Trump's tariffs hit manufacturing activity.

The Caixin/S&P Global manufacturing PMI reading follows the official release a day later.

Chinese officials sound upbeat about the growth outlook, but huge uncertainties loom.