Last week, global markets reacted to stronger U.S. economic data, steady labor market conditions, and renewed concerns about interest rates. The U.S. dollar gained support after solid jobs and business activity reports, while major stock indices, gold, silver, Bitcoin, and Ethereum faced pressure as traders reduced exposure to risk assets.

This weekly market update covers the key forex, indices, precious metals, and crypto market events from June 1–7, 2026, plus the major economic data releases to watch for the week of June 8–14, 2026.

Key Market Takeaways

• The U.S. dollar strengthened after better-than-expected labor and business activity data.
• Major indices faced pressure as traders reacted to higher-for-longer interest rate risk.
• Gold and silver weakened as rising yields reduced demand for non-yielding assets.
• Bitcoin and Ethereum remained sensitive to broader risk sentiment.
• This week, markets will focus on U.S. CPI, U.S. PPI, the ECB meeting, oil prices, and geopolitical risks.

What Happened Last Week

Monday, June 1

• U.S. ISM Manufacturing PMI — Purchasing Managers’ Index, a business activity gauge: 54.0 actual vs 52.7 prior. Readings above 50 show expansion, so stronger factory activity supported the U.S. dollar.
• Eurozone Manufacturing PMI: 51.6 actual vs 52.2 prior. The eurozone factory sector still expanded, but at a slower pace.

Tuesday, June 2

• Eurozone CPI — Consumer Price Index, a measure of inflation: 3.2% actual vs 3.0% prior. Hotter inflation increased focus on the ECB, or European Central Bank.
• Eurozone Core CPI — inflation excluding volatile items like food and energy: 2.5% actual. The prior figure was not clearly available in the verified source. Core inflation matters because it helps show whether price pressure is spreading beyond energy.

Wednesday, June 3

• U.S. ADP Employment — private-sector jobs report: 122K actual vs 105K prior. Stronger hiring suggested the U.S. labor market remained firm before the official NFP report.
• U.S. ISM Services PMI: 54.5 actual vs 53.6 prior. Services make up a large part of the U.S. economy, so stronger activity supported the dollar.

Thursday, June 4

• U.S. Initial Jobless Claims — weekly unemployment benefit claims: 225K actual vs 212K prior. Claims rose, but the level still pointed to a stable labor market.
• U.S. Nonfarm Productivity: 0.3% revised actual vs 0.8% previous estimate. Slower productivity can add concern about inflation and business costs.

Friday, June 5

• U.S. NFP — Non-Farm Payrolls, a measure of U.S. job creation: 172K actual vs 179K prior. The result was stronger than expected and pushed traders to price in tighter Federal Reserve policy risk.
• U.S. Unemployment Rate: 4.3% actual vs 4.3% prior. A steady jobless rate showed that the labor market remained resilient.

Market Reaction Last Week

Forex Market Update

The U.S. dollar strengthened after the jobs report. The euro, British pound, Australian dollar, and New Zealand dollar weakened. USD/JPY stayed in focus as the Japanese yen remained near sensitive levels.

Stock Market Update

Major U.S. and European stock indices moved lower on Friday. The Nasdaq led the decline as higher yields pressured technology shares. Asian markets also opened weaker after the U.S. selloff.

Gold and Silver Market Update

Gold fell sharply after the U.S. jobs report. Silver also remained under pressure. Higher yields can reduce demand for non-yielding assets like gold and silver.

Crypto Market Update

Bitcoin and Ethereum were pressured during the week as traders reduced exposure to risk assets. Crypto markets remained sensitive to U.S. dollar strength, interest rate expectations, and overall market sentiment.

What to Watch This Week

Monday, June 8

• No major U.S. economic releases scheduled. Traders may focus on market reaction after the previous Friday’s jobs report.
• Middle East risk and oil prices: Energy price movements may affect inflation expectations, gold, oil, indices, and safe-haven currencies.

Tuesday, June 9

• U.S. Trade Balance: Forecast was not clearly available in the verified source. Trade data can affect growth expectations and the U.S. dollar.
• U.S. Existing Home Sales: Forecast was not clearly available in the verified source. Housing data matters because the property market is sensitive to interest rates.

Wednesday, June 10

• U.S. CPI — Consumer Price Index: Forecast 0.5% month over month and 4.2% year over year. Inflation data may shift expectations for the next Federal Reserve move.
• U.S. Core CPI: Forecast 0.2% month over month and 2.8% year over year. Core CPI matters because it shows whether price pressure is spreading beyond food and energy.

Thursday, June 11

• U.S. PPI — Producer Price Index, a measure of wholesale inflation: May release scheduled. Forecast was not clearly available in the verified source. Producer costs can feed into consumer prices later.
• ECB Monetary Policy Meeting: Economists widely expect a 25-basis-point rate hike, which would bring the deposit rate to 2.25%. Euro pairs may react to the rate decision and ECB guidance.

Friday, June 12

• University of Michigan Consumer Sentiment: Forecast was not clearly available in the verified source. Weak consumer confidence can signal pressure on spending.
• Technology market sentiment: Large tech-related market events may affect risk appetite, especially after last week’s tech selloff.

Weekly Market Outlook Summary

Last week’s market tone turned more defensive after strong U.S. economic data renewed concern over higher-for-longer interest rates. The U.S. dollar stayed supported, while stocks, precious metals, and crypto assets faced pressure from rising yields and lower risk appetite.

USD/JPY may remain one of the key forex pairs to watch because dollar strength and yen weakness remain sensitive market themes. Traders may also watch gold, oil, Bitcoin, Ethereum, and major stock indices as markets react to inflation data, central bank signals, and geopolitical risk.

The main wildcard this week is Middle East tension. Any move that affects oil prices could also affect inflation expectations, gold, safe-haven currencies, and broader risk sentiment.

Disclaimer

This weekly market update is for informational and educational purposes only and does not constitute financial advice. Trading involves risk, and readers should conduct their own analysis or consult a professional before making any trading decisions.