USA: Week Ahead - Jun 8th.

Any potential break from the prolonged impasse between Iran and the US will dictate global markets next week, as elevated energy prices continue to make central banks heed inflationary risks. The US is due to release its consumer and producer inflation figures, the final price gauge before this month's Federal Reserve decision, in addition to existing home sales and the trade balance. Likewise, trade data and inflation prints are also awaited in China. Meanwhile, the European Central Bank and the Bank of Canada will set their monetary policy. The UK will release April's GDP and join Germany in posting trade balances and industrial production. Elsewhere, Australia will release industry leading indicators and Brazil, Mexico, and Russia should unveil their CPIs. On the corporate front, SpaceX will undergo what is likely to be the largest IPO on record. Additionally, OPEC+ will vote on the cartel's output quota in their first meeting without the UAE.