PANews, May 31st - According to Jinshi News, US stocks closed at a record high in May, extending the rebound since the March lows, as market confidence in the impending reopening of the Strait of Hormuz continues to grow. This week's market performance, to some extent, foreshadowed the potential market reaction after an agreement was reached: bond yields fell, oil prices retreated, and major stock indices generally rose as investor hopes grew that the Trump administration was close to a peace deal. The Nasdaq Composite Index has risen more than 8% since the end of April. Gold prices experienced another volatile week, with a mid-week sell-off accelerating due to the US's renewed strikes against Iran. Entering the new week, investors will focus on the health of the US economy and labor market, as a busy release of economic data could significantly impact the Federal Reserve's interest rate expectations. The following are key points the market will be focusing on this week (all times are Beijing time):

At 8:30 a.m. on Monday, Federal Reserve Governor Jerome Powell delivered his acceptance speech at the John F. Kennedy Courage Award ceremony.
Monday, 15:55-16:30, final May manufacturing PMI readings for the UK, France, Germany, and the Eurozone.
At 22:00 on Monday, the US May ISM Manufacturing PMI will be released.
At 13:50 on Tuesday, Minneapolis Fed President Neel Kashkari, a 2026 FOMC voting member, will deliver a speech.
Eurozone May CPI year-on-year/month-on-month preliminary readings will be released at 17:00 on Tuesday.
At 8:30 PM on Tuesday, Cleveland Fed President Hamak, a 2026 FOMC voting member, will speak on monetary policy.
At 22:00 on Tuesday, Bank of England Governor Bailey will attend a hearing in the House of Lords; at 23:00, Monetary Policy Committee member Green will deliver a speech.
At 22:00 on Tuesday, the US April JOLTs job openings will be released.
Wednesday, 15:55-16:30: Final May Services PMI readings for the UK, France, Germany, and the Eurozone; 17:00: Eurozone April PPI month-on-month rate.
Wednesday, 20:15: US May ADP Employment Change; 22:00: US May ISM Non-Manufacturing PMI
The Federal Reserve will release its Beige Book on economic conditions at 02:00 on Thursday.
Thursday, 7:30 PM: US Challenger Job Cuts for May; 8:30 PM: US Initial Jobless Claims for the Week Ending May 30.
At 01:10 on Friday, Daly, a 2027 FOMC voting member and president of the Federal Reserve Bank of San Francisco, will deliver a speech.
At 17:00 on Friday, the revised annual GDP growth rate for the first quarter of the Eurozone and the final seasonally adjusted employment growth rate for the first quarter will be released.
At 20:30 on Friday, the US May unemployment rate, May seasonally adjusted non-farm payrolls, and May average hourly earnings year-on-year/month-on-month rates will be released.

With Q1 earnings reports nearing completion, Meituan (03690.HK), chip giant Broadcom (AVGO.O), and Tiger Brokers (TIGR.O) will release their results next week. From a seasonal perspective, the US stock market also faces other challenges. In a midterm election year, June is typically the worst-performing month for US stocks, and investors generally expect the market to enter a short-term consolidation period.

Central banks and private investors are accelerating their gold purchases, pushing the proportion of gold reserves to a multi-decade high.

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