Market Sentiment in Flux: Upcoming US Economic Data Set to Impact Traders

Several key macroeconomic data releases are scheduled for release next week, potentially influencing market sentiment. Next Monday at 22:00 UTC+8, the U.S. will reveal the wholesale sales month-over-month rate for April. Following this is the New York Fed’s one-year inflation expectations for May at 23:00 UTC+8 on Tuesday. Further data releases include Wednesday’s U.S. Consumer Price Index (CPI) for May at 20:30 UTC+8, alongside weekly EIA crude oil inventory and strategic petroleum reserve figures. The week continues with initial jobless claims for the week ending June 7 and the Producer Price Index (PPI) for May on Thursday at 20:30 UTC+8. Finally, Friday’s releases include preliminary one-year inflation rate expectations for June at 22:00 UTC+8 and the preliminary University of Michigan Consumer Sentiment Index for June.