PANews, June 7th - According to Jinshi News, following Friday's much-better-than-expected non-farm payroll data release, market expectations for a Federal Reserve rate hike this year surged, causing spot gold to plummet, almost erasing all gains for the year and marking its fourth consecutive week of decline. Silver's overall trend mirrored gold but with slightly higher volatility, closing down 9.85% this week. The US dollar index, boosted by the better-than-expected non-farm payroll data, rose sharply to slightly above the 100 mark. Following Friday's non-farm payroll data, US tech stocks suffered a sharp decline. The Dow Jones Industrial Average closed down 1.35%, the S&P 500 fell 2.65%, its largest single-day drop since October 2025, and the Nasdaq Composite fell 4.18%, its largest single-day drop since April 2025. Goldman Sachs believes that greed currently outweighs fear in the market. Deutsche Bank points out that the market is highly sensitive to any negative news involving Iran. The following are key points the market will focus on in the new week (all times are Beijing time):

At 23:00 on Monday, the US Federal Reserve Bank of New York will release its 1-year inflation forecast for May.
At 14:00 on Tuesday, Germany's seasonally adjusted industrial production month-on-month rate for April and seasonally adjusted trade balance for April will be released.
At 18:00 on Tuesday, the US May NFIB Small Business Confidence Index will be released.
At 20:15 on Tuesday, the weekly change in US ADP employment figures for the week ending May 23 will be released.
At 20:30 on Wednesday, the US May unadjusted CPI and the May seasonally adjusted CPI/core CPI month-on-month rate will be released.
The Bank of Canada will announce its interest rate decision at 21:45 on Wednesday.
The European Central Bank will announce its interest rate decision at 20:15 on Thursday.
At 20:30 on Thursday, the US initial jobless claims for the week ending June 6 and the May PPI year-on-year/month-on-month rates will be released.
The final reading of Germany's May CPI month-on-month rate will be released at 14:00 on Friday.
The final reading of France's May CPI month-on-month rate will be released at 14:45 on Friday.
At 22:00 on Friday, the preliminary readings of the US June one-year inflation rate and the preliminary reading of the June University of Michigan Consumer Sentiment Index will be released.

The market will see a series of important events in the coming week, but the most anticipated is SpaceX's potential initial public offering (IPO). According to current plans, the transaction may commence on Friday, and if it goes ahead, it is expected to have a significant impact on overall market sentiment, although the specific direction remains uncertain. Besides SpaceX, Apple's Worldwide Developers Conference, earnings reports, and TSMC's May sales data are also likely to be important factors influencing market volatility. Next week, US stocks enter a relatively quiet phase of earnings season. Although the overall number of reports is not large, two heavyweight technology companies, Oracle and Adobe, will be making their appearances, becoming the focus of market attention.

ETH broke through $1600, with a daily increase of 2.54%.

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