白银亚欧盘技术分析：短期见顶回落，警惕回调风险

Group 1: Inflation Expectations - The New York Fed's latest survey indicates a decline in consumer inflation expectations for the next year, with the one-year inflation expectation dropping to 3.2%, a decrease of 0.4 percentage points from the previous month [2] - The three-year inflation expectation fell from 3.2% in April to 3%, while the five-year expectation decreased from 2.7% to 2.6% [2] - The Consumer Price Index (CPI) in the U.S. further declined to 2.3% as of April [2] Group 2: Wholesale Inventory Trends - U.S. wholesale inventories increased by 0.2% in April, which is lower than the 0.3% growth in March, and economists had expected inventories to remain flat [3] - Durable goods inventories rose by 0.1%, while non-durable goods inventories increased by 0.3%, reversing the previous month's decline [3] - The inventory-to-sales ratio remained at 1.30 compared to March, but is lower than the 1.34 ratio from April of the previous year [3] Group 3: Employment Trends - The U.S. Conference Board's Employment Trends Index (ETI) declined from 108.00 to 107.49 in May, indicating a slowdown in employment trends [4] - Despite concerns over tariffs, the ETI remains above the average levels from 2017 to 2019, suggesting a stable labor market overall [4] - There are indications that some industries are beginning to feel the pressure from tariff changes, which may affect hiring [4] Group 4: U.S.-China Trade Talks - The first meeting of the U.S.-China economic and trade consultation mechanism took place in London on June 9, led by Chinese Vice Premier He Lifeng and U.S. representatives [4]