PANews June 7 news, according to Jinshi, this week, major US stock indexes closed higher, and the S&P 500 hit a more than three-month high on Friday. The Dow Jones Index also rose to a three-month high. The better-than-expected non-farm payrolls report eased market concerns about the economy, while Tesla (TSLA.O) rebounded from a sharp drop on Thursday and technology stocks continued to rise. However, as of June 4, US stock funds saw capital outflows for the third consecutive week due to continued concerns about US trade policies. In terms of commodities, gold prices fell considerably on Thursday and Friday, but still recorded an overall increase this week, closing at $3,311.68 per ounce. It is worth noting that although the number of new non-farm payrolls in the United States in May was slightly better than expected, Trump once again put pressure on the Federal Reserve on social media, urging it to cut interest rates by 100 basis points. The following are the key points that the market will focus on in the new week:

• 09:30 on Monday, China’s May CPI annual rate;
• At 22:00 on Monday, the monthly rate of wholesale sales in the United States in April;
• Monday 23:00, US New York Fed 1-year inflation forecast for May;
• Tuesday, to be determined, China's May M2 money supply annual rate;
• Tuesday at 14:00, UK ILO unemployment rate for April, unemployment rate for May, number of unemployment benefit applicants for May;
• At 15:10 on Tuesday, ECB board member Villeroy will deliver a speech;
• At 18:00 on Tuesday, the US NFIB Small Business Confidence Index for May;
• At 20:30 on Wednesday, the US May CPI data
• At 22:30 on Wednesday, the U.S. EIA crude oil inventory, Cushing crude oil inventory, and strategic petroleum reserve inventory for the week ending June 6
• At 14:00 on Thursday, the UK's GDP monthly rate and manufacturing output monthly rate for the three months of April
• At 14:00 on Thursday, the UK's seasonally adjusted goods trade account and industrial output monthly rate for April
• At 20:30 on Thursday, the number of initial jobless claims in the United States for the week ending June 7 and the U.S. PPI in May
• At 14:00 on Friday, the final monthly rate of German CPI in May
• At 14:00 on Friday, the final monthly rate of French CPI in May
• At 22:00 on Friday, the initial value of the US one-year inflation rate forecast for June and the initial value of the University of Michigan Consumer Confidence Index for June

The U.S. CPI report for May, due next Wednesday, will test the market's optimism about rate cuts as it could show that the recent downward trend in inflation has stalled. In terms of other economic data, the U.K. will release its employment report for the three months to April next Tuesday, and the market will focus on whether there are more signs of layoffs.