前瞻：中美会谈和美国通胀成为本周行情风向标

Core Insights - The upcoming week will focus on U.S. inflation data and its impact on the market, following the digestion of the May non-farm payroll report [1] - Key economic data releases include U.S. inflation, U.K. employment, and GDP, which will provide important market signals for investors [1] Group 1: U.S. Economic Data - On Monday, the market will continue to digest the May non-farm payroll report while paying attention to U.S. wholesale sales for April and the May New York Fed's one-year inflation expectations, which may reflect tariff impacts [3] - On Wednesday, the U.S. is set to release the May Consumer Price Index (CPI), with expectations of a monthly increase of 0.2% and a core CPI annual rate potentially rising to 2.9% from 2.8% [6] - On Thursday, the U.S. will announce the May Producer Price Index (PPI), with attention on whether the annual rate will stop declining for the fourth consecutive month and reflect rising inflation pressures [8] Group 2: U.K. Economic Data - On Tuesday, the U.K. employment report will be released, showing the unemployment rate at its highest level in nearly four years, with wage growth also slowing [4] - On Thursday, the U.K. will publish April GDP, manufacturing, and industrial output reports, with economists skeptical about the sustainability of the economic rebound due to the negative impacts of tariffs [8] - The Bank of England's cautious stance on interest rate cuts is influenced by global trade policy uncertainties and the need for strong economic data to boost confidence [8] Group 3: European Economic Data - On Friday, attention will be on Germany's May CPI final value, which is expected to remain at 2.1%, the lowest level since October 2024, supporting the European Central Bank's recent rate cut decision [10] - The focus will also be on the preliminary June consumer confidence index from the University of Michigan, which has seen a decline for five consecutive months, reaching its lowest level since June 2022 [10]