Next week's important schedule: US non-farm payrolls, British and French elections, Powell's speech, World Artificial Intelligence Conference:

A list of important financial events for the week of July 1-July 5.

This week's highlights: Will the US non-farm payrolls in June cool down as expected? Powell and Lagarde will speak at the European Central Bank Forum, many countries will release PMI data, and the Federal Reserve will release the latest meeting minutes. In addition, pay attention to the 2024 World Artificial Intelligence Conference, the British and French elections.

US non-farm payrolls in June.

On Friday, the US Department of Labor will release June non-farm payrolls data as well as hourly wages, unemployment rate and other data.

Against the backdrop of the May non-farm payrolls data exceeding expectations and rising to 272,000, "experts" have begun to predict that the number of new jobs in June will drop sharply to 188,000, the unemployment rate in June is expected to stabilize at 4%, and the month-on-month wage growth rate will fall slightly to 0.3%.

At the Federal Reserve's June interest rate meeting, the Federal Open Market Committee (FOMC) expects to cut interest rates once this year. Federal Funds Rate Futures show that the Fed's Fed Watch Tool at CME Group shows that the Fed has only a 10% chance of cutting interest rates in July, and it is expected that the Fed will continue to "stand still" in September. The probability is close to 40%. If the employment report highlights the slowdown in the labor market, investors may increase their bets on rate cuts.

Before the non-agricultural report, the ADP data, known as the "small non-agricultural", will also be released at 20:15 on the evening of July 3.

The 2024 World Artificial Intelligence Conference and the High-level Conference on Global Governance of Artificial Intelligence will open soon. This year's forum will be held from July 4th to 6th, and the exhibition will be held from July 4th to 7th.

Will the Artificial Intelligence Conference bring a wave of market conditions to the AI ​​sector? However, the horror unlocking of WLD may have some impact on the trend of WLD.