PANews reported on June 7 that this week, major U.S. stock indexes closed higher, and the S&P 500 hit a new high in more than three months on Friday. The Dow Jones also rose to a three-month high. A better-than-expected non-farm payrolls report eased market concerns about the economy, while tech stocks continued to rally as Tesla (TSLA.O) rebounded from Thursday's sharp decline. However, as of June 4, U.S. equity funds saw outflows for the third week in a row due to persistent concerns about U.S. trade policy. On the commodities front, gold prices fell considerably on Thursday and Friday, but were still up overall for the week, closing at $3,311.68 an ounce. Notably, despite the slightly better-than-expected number of new non-farm payrolls in the U.S. in May, Trump once again put pressure on the Fed on social media to cut interest rates by 100 basis points. Here are the key points that the market will focus on in the new week:
Monday 09:30, China's May CPI YoY;
Monday 22:00, US April Wholesale Sales MoM;
Monday 23:00, US May New York Fed 1-year inflation expectations;
On Tuesday, to be determined, China's May M2 money supply year-on-year.
Tuesday at 14:00, UK April three-month ILO unemployment rate, May unemployment rate, May jobless claims number;
On Tuesday at 15:10, ECB Governing Council member Villeroy delivered a speech;
Tuesday 18:00, US May NFIB Small Business Confidence Index;
Wednesday 20:30, US May CPI data
Wednesday at 22:30, U.S. EIA crude oil inventories, Cushing crude oil inventories, and Strategic Petroleum Reserve inventories for the week ending June 6.
Thursday at 14:00, UK April three-month GDP monthly rate, manufacturing output monthly rate
Thursday 20:30, initial jobless claims in the US for the week ending June 7, US May PPI
Friday 14:00, Germany May CPI MoM final value
Friday 14:00, France May CPI MoM final value
Friday 22:00, US June one-year inflation rate expectation initial value, US June University of Michigan consumer confidence index initial value.
The U.S. May CPI report, released next Wednesday, will test the market's optimism about interest rate cuts, as it may show a stagnation in the recent declining trend of inflation. In other economic data, the U.K. will release its three-month employment report for the period ending in April next Tuesday, and the market will be watching for any signs of further layoffs.
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U.S. stocks hit a three-month high; next week's U.S. CPI will test the market's optimism for interest rate cuts.
PANews reported on June 7 that this week, major U.S. stock indexes closed higher, and the S&P 500 hit a new high in more than three months on Friday. The Dow Jones also rose to a three-month high. A better-than-expected non-farm payrolls report eased market concerns about the economy, while tech stocks continued to rally as Tesla (TSLA.O) rebounded from Thursday's sharp decline. However, as of June 4, U.S. equity funds saw outflows for the third week in a row due to persistent concerns about U.S. trade policy. On the commodities front, gold prices fell considerably on Thursday and Friday, but were still up overall for the week, closing at $3,311.68 an ounce. Notably, despite the slightly better-than-expected number of new non-farm payrolls in the U.S. in May, Trump once again put pressure on the Fed on social media to cut interest rates by 100 basis points. Here are the key points that the market will focus on in the new week:
Monday 09:30, China's May CPI YoY;
Monday 22:00, US April Wholesale Sales MoM;
Monday 23:00, US May New York Fed 1-year inflation expectations;
On Tuesday, to be determined, China's May M2 money supply year-on-year.
Tuesday at 14:00, UK April three-month ILO unemployment rate, May unemployment rate, May jobless claims number;
On Tuesday at 15:10, ECB Governing Council member Villeroy delivered a speech;
Tuesday 18:00, US May NFIB Small Business Confidence Index;
Wednesday 20:30, US May CPI data
Wednesday at 22:30, U.S. EIA crude oil inventories, Cushing crude oil inventories, and Strategic Petroleum Reserve inventories for the week ending June 6.
Thursday at 14:00, UK April three-month GDP monthly rate, manufacturing output monthly rate
Thursday 14:00, UK's April seasonally adjusted goods trade balance, industrial output month-on-month
Thursday 20:30, initial jobless claims in the US for the week ending June 7, US May PPI
Friday 14:00, Germany May CPI MoM final value
Friday 14:00, France May CPI MoM final value
Friday 22:00, US June one-year inflation rate expectation initial value, US June University of Michigan consumer confidence index initial value.
The U.S. May CPI report, released next Wednesday, will test the market's optimism about interest rate cuts, as it may show a stagnation in the recent declining trend of inflation. In other economic data, the U.K. will release its three-month employment report for the period ending in April next Tuesday, and the market will be watching for any signs of further layoffs.