BlockBeats News, May 11th. This week, the failure of the US-Iran negotiations has added uncertainty to the geopolitical situation, leading to a slight increase in oil prices. In addition, this week's key macro events focus on the US April CPI data as follows:

On Tuesday at 15:15, FOMC permanent voter and New York Fed President Williams participated in a panel discussion on monetary policy;

On Tuesday at 20:15, the US ADP Employment Change for the week ending April 25th;

On Tuesday at 20:30, US April CPI data;

On Wednesday at 04:30, US API Crude Oil Stock Change for the week ending May 8th;

On Wednesday at 20:30, US April PPI YoY and MoM;

On Friday at 05:30, Fed Governor Bostic will deliver a speech;

On Friday at 21:15, US Industrial Production MoM for April.

This week, the Federal Reserve will undergo a significant change in leadership, with Chair-designate Kevin Wash expected to be confirmed by the Senate on Monday and formally take over the helm from Powell on May 15th. In the US stock market, futures of the three major indices edged slightly lower on Monday. While the first-quarter earnings season is drawing to a close, corporate reports will still be a key driver of stock prices in the coming days.