下周前瞻|德美首脑会晤，俄乌二轮谈判；美国非农、欧央行决议；博通、LULU放榜

Macro and Policy Level - The US ISM Manufacturing Index for May is expected to rise from 48.7 to 49.2, indicating a slight recovery but still below the expansion threshold [1] - The second round of direct negotiations between Russia and Ukraine is scheduled to take place in Istanbul, which may impact global geopolitical dynamics, particularly in energy and commodity markets [2] - China's official manufacturing PMI for May increased by 0.5 percentage points to 49.5, while the non-manufacturing PMI decreased by 0.1 percentage points to 50.3, indicating continued expansion overall [2] - The US trade deficit for April is projected to narrow from $140.5 billion to $117.3 billion, reflecting a potential easing of the "export rush" effect [3] - The European Central Bank is expected to continue lowering interest rates in June, with market focus on future rate guidance amid economic growth concerns in the Eurozone [4] Financial Data - China's Caixin Manufacturing PMI and Services PMI for May are set to be released [5] - The US will release various economic indicators, including the May non-farm payroll report, with expectations of a decrease in job additions from 177,000 to 130,000 [7] Industry Level - CATL is set to launch monthly options for its H-shares, with the first contracts available on June 2, 2025 [6] - Nintendo will globally launch the Switch 2, featuring significant upgrades in hardware performance and gaming experience compared to its predecessor [8] Company Level - Xiaomi Group held its 2025 Investor Day, where management shared strategic directions and business developments, including a visit to its automotive factory [9] - Broadcom reported Q2 fiscal year 2025 earnings, projecting revenue of $14.9 billion, a 19% year-over-year increase, and AI semiconductor revenue of $4.4 billion, indicating strong growth potential [10]