Crypto markets have gained marginally over the weekend, hitting a weekly high on Monday morning trading in Asia. But this week’s inflation reports could put a dampener on things.
Meanwhile, US stock market futures fell on Monday as Iran War peace talks stalled and President Trump said he does not like Iran’s response to the peace proposal. At the same time, oil prices spiked by around 4% back to $100 a barrel.
Iran has also rejected dismantling its nuclear facilities in its response to the US peace proposal, as the stalemate continues. This week’s focus will also center on Trump’s visit to China and his expected summit with Chinese leader Xi Jinping.
Economic Events May 11 to 15
April’s consumer price CPI inflation data will be released on Tuesday. The report will assess the impact of higher energy costs and the chances of the Federal Reserve cutting interest rates in the coming months.
The PPI inflation report follows on Wednesday, offering more insight into inflationary pr
We współpracy z: https://cryptopotato.com/4-things-that-could-move-crypto-markets-this-week/
