PANews, April 12th - According to Jinshi, the dramatic shift in geopolitical sentiment this week caused significant volatility in the energy and metals markets. For most of the week, the dominant logic was the dissipation of panic following the temporary ceasefire agreement between the US and Iran. Crude oil became the biggest victim of this de-escalation narrative. Gold also felt pressure, retreating after breaking through $4850. The US dollar index fell below the 100 mark this week, while US stocks recovered strongly after the ceasefire news. The following are key points to watch in the market this week (all times are Beijing time):

• At 20:30 on Tuesday, the US March PPI year-on-year rate and the US March PPI month-on-month rate will be released.
• At 1:00 AM on Wednesday, Philadelphia Fed President Harker, Richmond Fed President Barkin, Boston Fed President Collins, and Fed Governor Barr participated in a fireside chat at the Fed Board's working forum.
• At 00:45 on Wednesday, Federal Reserve Governor Barr delivered the opening remarks for a working forum hosted by the Federal Reserve Board of Governors.
• At 04:30 on Wednesday, the API crude oil inventory data for the week ending April 10 will be released.
• Eurozone February industrial production month-on-month rate at 17:00 on Wednesday.
• At 1:40 AM on Thursday, Federal Reserve Governor Bowman delivered a speech at the Institute of International Finance Forum.
• The Federal Reserve will release its Beige Book on economic conditions at 02:00 on Thursday.
• Eurozone March CPI data will be released at 17:00 on Thursday.
• At 8:30 PM on Thursday, the US initial jobless claims for the week ending April 11 and the Philadelphia Fed Manufacturing Index for April will be released.
• At 21:15 on Thursday, the US March industrial production month-on-month rate will be released.
• Thursday is tentative; the European Central Bank will release the minutes of its March 19 policy meeting.
• Thursday, TBD, G20 Finance Ministers and Central Bank Governors Meeting to be held

Compared to previous weeks, next week's data calendar appears relatively light. Furthermore, next week marks the official start of the Q1 2026 earnings season for US stocks, with major banks such as Goldman Sachs, JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and Morgan Stanley leading the way with their earnings reports, followed by BlackRock and Johnson & Johnson. Subsequently, tech giants like TSMC, ASML, and Netflix will release their data.