PANews June 7 report, according to Jin Shi, this week, major U.S. stock indices rose, with the S&P 500 index reaching a new high in over three months on Friday. The Dow Jones index also rose to a new high in three months. Better-than-expected non-farm payroll reports eased market concerns about the economy, while Tesla (TSLA.O) rebounded from a sharp decline on Thursday, and tech stocks continued to rise. However, as of June 4, U.S. stock funds experienced outflows for the third consecutive week due to ongoing concerns about U.S. trade policy. In commodities, gold prices saw significant declines on Thursday and Friday but recorded an overall increase for the week, closing at $3311.68 per ounce. It is worth noting that although the number of non-farm jobs added in May slightly exceeded expectations, Trump again pressured the Federal Reserve on social media, urging it to cut interest rates by 100 basis points. Here are the key points the market will focus on in the new week:
Monday 09:30, China's May CPI Year-on-Year;
Monday 22:00, U.S. April Wholesale Sales Month-on-Month;
Monday 23:00, U.S. May New York Fed 1-Year Inflation Expectations;
Tuesday, To Be Determined, China's May M2 Money Supply Year-on-Year;
Tuesday 14:00, UK April 3-Month ILO Unemployment Rate, May Unemployment Rate, May Jobless Claims;
Tuesday 15:10, ECB Governing Council Member Villeroy Speaks;
Tuesday 18:00, U.S. May NFIB Small Business Confidence Index;
Wednesday 20:30, U.S. May CPI Data;
Wednesday 22:30, U.S. EIA Crude Oil Inventory for the Week Ending June 6, Cushing Crude Oil Inventory, Strategic Petroleum Reserve Inventory;
Thursday 14:00, UK April 3-Month GDP Month-on-Month, Manufacturing Output Month-on-Month;
Thursday 14:00, UK April Seasonally Adjusted Goods Trade Balance, Industrial Output Month-on-Month;
Thursday 20:30, U.S. Initial Jobless Claims for the Week Ending June 7, U.S. May PPI;
Friday 14:00, Germany May CPI Month-on-Month Final;
Friday 14:00, France May CPI Month-on-Month Final;
Friday 22:00, U.S. June 1-Year Inflation Rate Expectations Preliminary, U.S. June Michigan University Consumer Sentiment Index Preliminary;
The U.S. May CPI report to be released next Wednesday will test the market's optimism about interest rate cuts, as it may show a stagnation in the recent downward trend of inflation. In other economic data, the UK will release the three-month employment report for the period ending in April next Tuesday, and the market will pay attention to whether there are more signs of layoffs.