PANews reported on June 13 that, based on statements from Trump, the Iranian Foreign Minister, and the Pakistani Prime Minister, Iran and the United States appear closer than ever to reaching a peace agreement. Throughout the weekend, attention was focused on whether the US and Iran would sign an agreement. Next week, market focus will also be on the interest rate decisions of the Federal Reserve and other major central banks. Warsh has remained silent since being sworn in as the new Fed Chairman, and the press conference following the June interest rate decision will be a key confirmation of his monetary policy stance. The market also expects him to give a clear signal on reforming the communication mechanism. The following are the key points the market will focus on in the new week:
At 20:30 on Monday, the US June New York Fed Manufacturing Index will be released.
At 21:15 on Monday, the US May industrial production month-on-month rate will be released.
At 20:15 on Tuesday, the weekly change in US ADP employment figures for the week ending May 30 will be released.
U.S. EIA crude oil inventories for the week ending June 12 will be released at 22:30 on Wednesday.
At 2:00 AM on Thursday, the Federal Reserve's FOMC will release its interest rate decision and summary of economic projections.
At 2:30 PM on Thursday, Federal Reserve Chairman Warsh will hold a press conference on monetary policy.
At 20:30 on Thursday, the US initial jobless claims for the week ending June 13 and the US June Philadelphia Fed Manufacturing Index will be released.
At 22:00 on Thursday, the US Conference Board Leading Economic Index for May will be released.
Next Thursday (June 18), due to the eve of the Dragon Boat Festival, there will be no night trading session on the Shanghai Gold Exchange, Shanghai Futures Exchange, Zhengzhou Commodity Exchange, and Dalian Commodity Exchange. On Friday (June 19), due to Juneteenth, the New York Stock Exchange will be closed. Trading of precious metals, energy, foreign exchange, stock index, and US Treasury bond futures contracts on the CME Group will end early at 01:00 Beijing time on June 20th, and trading of Brent crude oil futures contracts on the Intercontinental Exchange will end early at 01:30 Beijing time on June 20th.
