Next week's heavy schedule: China's May foreign exchange reserves, U.S. non-farm payrolls, European Central Bank decision, Powell's speech, Japan's government bond auction

Next week will see several important financial events, including the release of China's May foreign exchange reserves and Caixin PMI data, the U.S. May non-farm payroll report, the European Central Bank's interest rate decision, and a speech by Jerome Powell. Additionally, the South Korean presidential election and the OECD Economic Outlook release are also worth paying attention to. China's foreign exchange reserves have remained stable at USD 3.2 trillion for 17 consecutive months, demonstrating strong economic resilience. The U.S. May non-farm payroll employment growth is expected to slow, which may affect the interest rate cut expectations for June