PANews, May 10th - According to Jinshi News, although the retaliatory strikes triggered by the US-Iran conflict heightened tensions this week, geopolitical risks eased slightly with the announcement of a three-day ceasefire in the Russia-Ukraine conflict. The US dollar index fluctuated throughout the week, closing at 97.84 on Friday, marking its second consecutive week of decline. Gold closed at $4715.49 per ounce on Friday, up 2.17%. Global commodities and currency markets experienced significant volatility this week. In the international crude oil market, the geopolitical risk premium collapsed significantly. Brent crude oil , influenced by rising expectations of a US-Iran ceasefire, saw a rapid shift in market sentiment, falling below $95, while WTI crude oil also dipped to the $90 mark. The following are key points to watch in the market this week (all times are Beijing time):
- Monday 09:30, China's April CPI year-on-year rate;
- At 3:15 PM on Tuesday, Williams, a permanent voting member of the FOMC and president of the New York Federal Reserve, participated in a panel discussion on monetary policy.
- At 20:15 on Tuesday, the weekly change in US ADP employment figures for the week ending April 25 will be released.
- US April CPI data will be released at 20:30 on Tuesday.
- At 04:30 on Wednesday, the API crude oil inventory data for the week ending May 8 will be released.
- Final reading of France's April CPI month-on-month rate at 14:45 on Wednesday;
- At 20:30 on Wednesday, the US April PPI year-on-year and month-on-month rates will be released.
- At 14:00 on Thursday, the UK will release its preliminary Q1 GDP annual rate, March three-month GDP monthly rate, March manufacturing output monthly rate, March seasonally adjusted goods trade balance, and March industrial production monthly rate.
- Thursday 22:00, US March Business Inventories Month-on-Month Rate;
- Federal Reserve Governor Barr will speak at 05:30 on Friday.
- At 21:15 on Friday, the US April industrial production month-on-month rate will be released.
Next week will see a major personnel change at the Federal Reserve. Chairman-designate Kevin Warsh is expected to be confirmed by the Senate on Monday and officially take over from Powell on May 15. On the data front, Tuesday's US CPI inflation report is the highlight. As of Friday, a new surge has propelled the S&P 500 up 8% year-to-date in 2026, continuing its climb after three consecutive years of double-digit returns. The tech-heavy Nasdaq Composite has risen nearly 13% year-to-date, with both indices hitting record highs. Although the first-quarter earnings season is nearing its end, corporate reports will remain a key driver of stock prices in the coming days.
