Compiled by: GaryMa Wu Talks about Blockchain

Summary
Wu said this week's macro indicators and analysis: Last week, the US non-farm payrolls in May exceeded expectations, but the unemployment rate rose to 4%. Even though it is known that employment growth is mainly driven by illegal immigrants, the market still interprets it pessimistically; at the same time, the two major central banks of Canada and the eurozone announced interest rate cuts. This week ushered in a major data event, focusing on the Federal Reserve's interest rate decision and the US May unadjusted CPI annual rate.

Last week review
●The U.S. unemployment rate rose to 4% in May.
●The seasonally adjusted non-farm payrolls in the United States in May were 272,000, compared with expectations of 185,000 and the previous value of 175,000.
●The number of ADP jobs in the United States in May was 152,000, lower than the median expectation of 175,000, the lowest since January this year.
●The Bank of Canada cut interest rates for the first time this year, lowering the benchmark rate by 25 basis points to 4.75%. This decision was in line with market expectations.
●The European Central Bank announced that it would cut all three major interest rates by 25 basis points, with the main refinancing rate, marginal lending rate and deposit facility rate lowered to 4.25%, 4.50% and 3.75% respectively.


This week's key events & indicators
June 12
●China’s May CPI annual rate (09:30)
●US May unadjusted CPI annual rate (20:30)

June 13
●US Federal Reserve interest rate decision (upper limit) until June 12 (02:00)
●Fed Chairman Powell holds a monetary policy press conference (02:30)
●US PPI annual rate in May (20:30)

June 14
●Japan's central bank target interest rate (upper limit) until June 14 (11:00)
●US one-year inflation rate forecast for June (22:00)
●Preliminary value of the University of Michigan Consumer Confidence Index in June (22:00)