Economic calendar: US-China Trade Meeting and US wholesales sales in market spotlight

• Stock indices show limited volatility; U.S. optimism holds after Friday's gains
• A U.S. delegation including Bessent, Lutnick, and Greer is set to meet with their Chinese counterparts today to discuss trade negotiations.
• Secondary data from the U.S. economy includes wholesale inventories and sales. Meanwhile, EURUSD is up 0.3% in early Monday trading.

Today’s macro calendar is very light, but the market will be focused on three key events scheduled for the day. The most important is the high-level trade talks between the U.S. and China. China has agreed to ease export restrictions on rare earth metals, which can be considered a significant success and a gesture toward Washington.

The second key event is a speech by Nvidia CEO Jensen Huang at a tech conference in London. The third is Apple’s developer conference, where new product announcements may be made — particularly for the iPhone and Mac product lines.

Economic Calendar

• 2 PM GMT – USA, Wholesale Sales for May: expected +0.2% vs. +0.6% in April

• 2 PM GMT – USA, Change in Wholesale Inventories for May: expected 0% vs. 0% in April

• 3 PM GMT – USA, Inflation Expectations – NY Fed Survey

Central Bankers Speeches

• 9 AM GMT – ECB’s Elderson

Source: xStation5