29.05.202617:08:42UTC+00Week Ahead - Jun 1st

The ongoing tensions between the US and Iran are poised to set the tone for global markets this week, amid reports of progress on a deal that could restore trade flows through the Strait of Hormuz. On the data front, the US faces a pivotal labor-market calendar, highlighted by the nonfarm payrolls report and complemented by JOLTS job openings, the ADP employment report, and Challenger job cuts. Together, these releases will offer a detailed read on employment conditions.

In addition, the ISM manufacturing and services PMIs will provide fresh leading indicators at a time of elevated uncertainty for the US economy. China will also publish key PMI readings, including both industry surveys and the official NBS gauges, giving further insight into the health of the world’s second-largest economy.

In Europe, the Eurozone is scheduled to release its May inflation figures alongside April retail sales, data that will be closely watched for implications for monetary policy and consumer demand. Elsewhere, Australia, India, and Turkey will report their GDP growth, while India will also announce its latest interest-rate decision.

On the political front, the US will hold primary elections across several states, potentially shaping the outlook for domestic policy. In corporate news, earnings from Broadcom, Palo Alto Networks, and CrowdStrike will shed further light on the evolving AI ecosystem and broader technology-sector dynamics.