Next Week Outlook: Key Diplomatic Talks on US-Iran, Russia-Ukraine Dynamics, and Jerome Powell Officially Assumes Fed Chairmanship

BlockBeats News, May 10th. This week, significant peace prospects have emerged in the US-Iran conflict and the Russia-Ukraine conflict, greatly reducing geopolitical risks. Next week, it is worth paying close attention to whether the two geopolitical conflicts can further de-escalate. In addition, key macro events for next week focus on the US April CPI data as follows:

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

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

Tuesday 20:30, US April CPI data;

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

Wednesday 20:30, US April PPI YoY, MoM;

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

Friday 21:15, US April Industrial Production MoM.

Finally, the Fed will undergo major personnel changes next week. Chair-designate Kevin Wash is expected to receive Senate confirmation on Monday and formally take over the reins from Powell on May 15th.

On the US stock market front, as of this Friday, a new round of surges has propelled the S&P 500 to an 8% cumulative gain since 2026, building on consecutive double-digit returns over the past three years. The tech-heavy Nasdaq Composite Index has risen nearly 13% year-to-date, with both indices hitting all-time highs. While the first-quarter earnings season is nearing its end, corporate reports will remain a key driver of stock prices in the days ahead.