ME News reports that, as of June 13 (UTC+8), statements from Trump, Iran’s Foreign Minister, and Pakistan’s Prime Minister suggest that Iran and the United States appear closer than ever to reaching a peace agreement. Throughout the weekend, market attention has focused on whether a deal between the U.S. and Iran will be signed. Next week, focus will shift to interest rate decisions by major central banks, including the Federal Reserve. Since his swearing-in, Fed Chair Walsh has remained silent; the press conference following the June rate decision will serve as a critical test of his monetary policy stance. Markets also anticipate clear signals from him regarding reforms to communication mechanisms. Below are the key events to watch next week: Monday, 20:30: U.S. June New York Fed Manufacturing Index Monday, 21:15: U.S. May Industrial Production Monthly Change Tuesday, 20:15: U.S. ADP Employment Change for the week ending May 30 Wednesday, 22:30: U.S. EIA Crude Oil Inventories for the week ending June 12 Thursday, 02:00: Fed FOMC announces interest rate decision and Summary of Economic Projections Thursday, 02:30: Fed Chair Walsh holds monetary policy press conference Thursday, 20:30: U.S. Weekly Initial Jobless Claims for the week ending June 13; U.S. June Philadelphia Fed Manufacturing Index Thursday, 22:00: U.S. May Conference Board Leading Economic Indicators Monthly Change On Thursday, June 18, due to the eve of the Dragon Boat Festival, China’s Shanghai Gold Exchange, Shanghai Futures Exchange, Zhengzhou Commodity Exchange, and Dalian Commodity Exchange will have no night session. On Friday, June 19, due to Juneteenth, the New York Stock Exchange will be closed for one day; trading for CME Group’s precious metals, energy, foreign exchange, equity index, and U.S. Treasury futures contracts will conclude early at 01:00 Beijing time on June 20; trading for ICE’s Brent Crude Oil futures contracts will conclude early at 01:30 Beijing time on June 20. (Source: PANews)
Next Week’s Macro Outlook: Is a U.S.-Iran Deal Imminent? Walsh’s First FOMC Speech Expected
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Summary
The market outlook remains centered on a potential U.S.-Iran deal as tensions ease, with traders also watching Fed Chair Walsh’s first FOMC speech. Key data such as ADP payrolls and jobless claims will influence the Fear & Greed Index next week. Chinese exchanges will suspend night trading on June 18 for the Dragon Boat Festival, while U.S. markets will close early on June 19.
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