Compiled by: GaryMa Wu Talks Blockchain

Summary
Wu said this week's macroeconomic indicators and analysis: Last week, the annual rate of the US core PCE price index in April was 2.8%, the same as last month, and the Fed officials spoke in a neutral tone. This week, the focus will be on the US non-farm payrolls data in May and the ECB's interest rate decision. If the US labor market continues to slow, it will further support the Fed's interest rate cut prospects. At the same time, the market generally expects the ECB to fire the first shot of interest rate cuts among major central banks.

Last week review
●Fed Beige Book: Consumers are resisting price increases, and the overall outlook is more pessimistic to a certain extent.
●Federal Reserve - Bostic: I don't think there will be a rate cut in July. If the data supports it, we will remain open to it. If September is suitable for a rate cut, we will cut it; Williams: I don't think there will be a rate hike, but there will be a rate cut at some point. The current monetary policy is restrictive and inflation will be close to 2% next year; Logan: It is too early to consider a rate cut now.
●The revised annualized quarterly rate of the U.S. core PCE price index in the first quarter was 3.6%, the estimate was 3.7%, and the initial value was 3.7%.
●The number of initial jobless claims in the United States for the week ending May 25 was 219,000, in line with expectations of 218,000. The previous value was revised from 215,000 to 216,000.
●The U.S. core PCE price index was 2.8% year-on-year in April, the same as the previous month.


This week's key events & indicators
June 03
●China, the United States, France, Germany, the United Kingdom, and the Eurozone May Manufacturing PMI

June 5
●US ADP employment in May (10,000 people) (20:15)
●Canada’s central bank interest rate decision on June 5 (21:45)
●May service industry PMI of China, the United States, France, Germany, the United Kingdom and the Eurozone

June 6th
●The main refinancing rate of the European Central Bank in the euro area until June 6 (20:15)
●Initial jobless claims in the U.S. for the week ending June 1 (10,000 people) (20:30)

June 7
●U.S. unemployment rate in May (20:30)
●US non-farm payrolls in May (10,000 people) (20:30)