The upcoming week's economic highlights include the Federal Reserve meeting minutes and Nvidia's earnings report, both of which could influence the global markets. Last week, the Dow Jones Industrial Average crossed the 40,000 mark for the first time, fueled by positive CPI report figures, sparking speculation of a cooling US economy and potential rate cuts.
The Federal Reserve FOMC meeting minutes, due Wednesday, could provide further insight into future monetary policies and a projected rate-cut timeline. Thursday will see the release of May's Global Manufacturing PMI preliminary report, providing a snapshot of the manufacturing sector's business conditions.
On Friday, the Michigan Consumer Sentiment Index will be released, measuring inflation expectations. This week also sees a total of 18 Fed speaker events.
The crypto market is unlikely to be heavily impacted by these economic events, with volatility expected to remain low. Last week, the crypto market saw a surge, with total capitalization exceeding $2.5 trillion. Bitcoin and Ethereum experienced slight declines, but overall, the market remains optimistic.