U.S. Jobs, ECB, Apple, Obama-Xi, NBA Finals: June 3-8
U.S. employers added about as many jobs in May as the 165,000 they created the month before, data in the coming week are likely to show.
The European Central Bank and Bank of England each will convene to decide on monetary policy, with particular attention on ECB President Mario Draghi’s press conference.
U.S. President Barack Obama will host Chinese President Xi Jinping in the first meeting between the leaders of the world’s two-largest economies since Xi took office in March.
Nawaz Sharif will become Pakistan’s prime minister for the third time, having said he’ll seek peace talks with the Taliban.
The National Basketball Association finals will start.
MONDAY, JUNE 3
--Federal Reserve Vice Chairman Janet Yellen speaks on “Regulatory Landscapes: A U.S. Perspective” at the International Monetary Conference in Shanghai. She will speak from prepared remarks and take questions from the audience. Yellen is considered a possible successor to Fed Chairman Ben S. Bernanke when his second term ends in January. Yellen said on April 16 that she favors holding the benchmark interest rate “lower for longer,” while cautioning that some bond-market investors may have paid too much for higher yields. 09:50 in Shanghai (6/2 21:50 EDT).
--HSBC Holdings Plc announces its China manufacturing purchasing managers’ index for May, after a preliminary 49.6 figure announced May 23. Readings above 50 indicate expansion. 09:45 in Beijing (6/2 21:45 EDT).
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