The Iran Iraq conflict suddenly escalated on Friday, and at the end of the day, commodities were the first to bear the pressure brought by the ongoing conflict. US oil rose by about 6%, and this week's cumulative increase exceeded 10%;; Spot gold surged nearly $50, firmly holding above the $3400 mark, and rose over 3.7% this week. In the coming week, central banks from multiple countries including the United States, the United Kingdom, and Japan will hold policy meetings as the Iran conflict continues to escalate this week. The following are the key points that the market will focus on in the new week:
Monday 20:30, New York Fed Manufacturing Index for June in the United States;
On Tuesday, the Bank of Japan announced its interest rate decision;
Wednesday 20:30, initial jobless claims for the week ending June 14th in the United States;
At 02:00 on Thursday, the Federal Reserve's FOMC released its interest rate decision and summary of economic expectations;
On Thursday at 02:30, Federal Reserve Chairman Powell held a monetary policy press conference.
The monthly retail sales data for the United States to be released next Tuesday will be the focus of attention. Investors hope to see if tariffs lead to price increases, thereby putting pressure on consumer spending. With the 90 day suspension period of Trump's series of tariff measures coming to an end on July 8th, trade developments are likely to continue to make the market uneasy.
