Next week's macro outlook: The last meeting minutes of the "Powell era" are coming, and Nvidia will release its earnings report on Wednesday

According to Jinshi reports, the US and Israel are expected to resume strikes against Iran as early as next week. Amidst the soaring expectations of interest rate hikes in the bond market, the last meeting minutes of the "Powell era" are coming. Here are the key points that the market will focus on next week (all in Beijing time):

Tuesday 9:30, the Reserve Bank of Australia will release the minutes of the May monetary policy meeting;

Tuesday 20:00, Federal Reserve Governor Waller will speak at the European Central Bank research conference;

Tuesday 20:15, the weekly change in ADP employment numbers for the week ending May 2 in the United States;

Wednesday 7:00, 2026 FOMC voting member and Philadelphia Fed President Harker will speak;

Thursday 2:00, the Federal Reserve will release the minutes of the monetary policy meeting;

Thursday 20:00, European Central Bank Chief Economist Lane will speak at the European Central Bank research conference.

The AI boom and consumer spending under inflationary pressure are the two main themes currently influencing the direction of US stocks. Next week, semiconductor giant Nvidia (NVDA) and a number of retail companies such as Walmart (WMT) will successively disclose their earnings reports. Nvidia will release its earnings report after the US market closes on Wednesday, and Walmart will release its earnings report before the US market opens on Thursday.