This week in business and finance is set to be filled with significant events that will have a major impact on investors. One key event to watch is the release of the U.S. employment report on June 7, which could indicate whether the Federal Reserve will cut rates this year or not. Another important story to follow is the final stages of India’s national election, with investors eagerly anticipating a victory for Prime Minister Narendra Modi, who is seen as a positive force for political stability and economic growth in the country.
Oil prices have been rising due to Middle East tensions and expectations of growth and fuel demand, and the world’s largest oil exporters are expected to maintain their current supply cuts at a meeting on June 2. The outcome of this meeting will have implications for the oil market and global economic outlook. Finally, the European Central Bank (ECB) is expected to cut interest rates on June 6, becoming the first major central bank to do so in the current cycle, with traders confident that it will continue to reduce rates multiple times this year, setting it apart from its U.S. and British counterparts. All eyes will be on the ECB’s future actions and their impact on markets.
