Tensions Rebuilding Between U.S. & China.

The markets start to get back on track but things look uncertain with the US and China seem to clash again. In the past week, U.S. President Donald Trump has ramped up his rhetoric against Beijing over its handling of the pandemic.The US Senate also passed a bill that could result in barring some Chinese companies from listing shares on U.S. stock exchanges and a retirement-savings plan for federal workers delayed previous plans to invest in some Chinese companies.
China’s proposal for a tougher national security regime in Hong Kong looks set to open a new venue for Sino-U.S. tension, with the U.S. already warning of a tough response.

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Big Week For Eurozone Economic Response Plan
The market will have its eyes set on the European Commission this Wednesday, when it presents its pandemic recovery plan. Other events to watch this week include German Ifo data on Monday, which is expected to show that German companies remain pessimistic, and subdued inflation numbers for May.
European Central Bank President Lagarde and Chief Economist Philip Lane are both due to speak this week and they are expected to indicate that more fiscal stimulus by member nations will be needed to get the bloc’s economy back on track.


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NYSE Floor Reopening - Beige Book,Fedspeak & Data Deluge In US .

The New York Stock Exchange trading floor is set to reopen partially after the Memorial Day holiday on Tuesday, over two months after it shut down due to the coronavirus. The U.S. market is set for a busy week. Thursday’s weekly jobless claims report continues to be the highlight and will indicate whether there is any let up in layoffs as states continue efforts to reopen their economies.
Fed Chair Powell will appear in a webcast discussion on Friday to discuss the state of the economy and the central bank's efforts to stabilize it. The Fed publishes its Beige Book on Wednesday and revised figures on U.S. first quarter growth will show if the economy suffered a bigger hit than initially reported. There will also be reports on consumer sentiment, durable goods and personal spending.