Several observations that may cause market fluctuations this week:

1. The US will release non-farm payrolls data this Friday

The Federal Open Market Committee (FOMC), which determines the US benchmark interest rate, will hold another meeting next week. Fed officials will enter a silent period this week, so officials should not make public comments this week.

However, the US Department of Labor will release the latest non-farm payrolls data this Friday (7th). The market estimates that the number of employed people will decline from last month and the unemployment rate will remain unchanged. But if the results are significantly different from expectations, it may cause fluctuations.

2. The European Central Bank announces its interest rate decision

One week earlier than the United States, the European and Canadian central banks will announce their latest interest rate decisions on the 5th and 6th of this week, respectively. The market estimates that the two central banks will each cut interest rates by 1 code (25 basis points) to boost the sluggish economy.

In the last ECB interest rate meeting, the interest rate hike was suspended for the fourth time, and the balance sheet reduction plan will be maintained unchanged. It is believed by the outside world that the interest rate hike cycle has ended.

At the press conference after the meeting, President Christine Lagarde said that they would begin discussing relaxing the restrictive stance, hinting that interest rates may be cut at the June interest rate meeting.

#5月非农数据即将公布