Data overview for the past two days:
June 11
20:30: US May CPI data
Focus on the CPI data in the evening, which is the second month after the global tariff increase on Liberation Day, April 2nd. If the first month showed a poor transmission of tariffs to inflation, then as time goes by, the inflation data for May and June will more effectively demonstrate the impact of tariffs on inflation.
June 12
20:30:
Weekly unemployment claims
US May PPI month-on-month/year-on-year
As PPI data precedes CPI data, it will further deepen the market's understanding of the impact of tariffs on inflation. Meanwhile, PPI data serves as supply-side data, and we will see how the market reacts to the tariffs at that time.