US Payrolls, ISM, Powell Speech Drive Global Markets

The upcoming week is set to be pivotal for global financial markets, with major economic data releases and central bank meetings drawing investor focus. Key events include US May payrolls data, ISM manufacturing and services PMIs, and Federal Reserve Chair Jerome Powell's speeches, which will provide insights into economic health and monetary policy direction. The European Central Bank and Bank of Canada are both expected to announce 25 basis point interest rate cuts, while inflation data from the Eurozone, Switzerland, Sweden, and the Philippines will be closely watched for indications of potential policy easing. Additionally, important manufacturing PMIs from multiple countries, including the US, India, and the Philippines, will inform market sentiment, particularly regarding the global manufacturing sector's expansion or contraction. Corporate earnings from firms such as Broadcom, Campbell's, and Hewlett Packard will also offer perspectives on current trends, including those in AI. Investor attention will also be on trade developments and legislative actions in the US, which could impact tariff revenues and clean energy policies, further influencing market dynamics.