One-week preview | The China Securities Market earnings season has reached a climax! Tencent, Ali, and Baidu are about to go on the list; many Fed officials take turns speaking

On Monday, economic data was rather lackluster. Investors should pay attention to the New York Federal Reserve Manufacturing Index.

In terms of events, on May 15, Minneapolis Federal Reserve Chairman Kashkari will deliver a speech. Investors should pay attention to his latest views.

On May 11, Minneapolis Federal Reserve Chairman Kashkari said that although inflation has slowed down, it is still too high, which means the Fed will have to maintain a tighter monetary policy for a longer period of time.

Kashkari is the voting commissioner with the right to vote in the FOMC this year, and is in the hawkish camp among current Fed officials. At last week's May interest rate meeting, participating officials unanimously decided to raise interest rates by 25 basis points and raise the federal funds rate target range to 5% to 5.25%.

Tuesday, May 16

Keywords: monthly rate of US retail sales; ECB President Lagarde and Cleveland Fed Chairman Meester deliver speeches; Federal Reserve Governor Barr testifies before the House Financial Services Committee; Baidu, iQiyi, and Tencent Music release financial reports

On Tuesday, in terms of economic data, investors should pay attention to the annual rate of total retail sales of consumer goods in China, the monthly rate of retail sales in the US, the monthly rate of US industrial output, and the US NAHB real estate market index.

In terms of events, investors should pay attention to the speeches of a number of important officials, including ECB President Lagarde and Cleveland Federal Reserve Chairman Meester.

Also, on May 16, the US Senate Banking Committee held a hearing on the bankruptcy of Silicon Valley Bank and the signature bank. The results may affect market trends, and investors also need to pay attention to it. Federal Reserve Governor Barr will testify before the House Financial Services Committee.

Wednesday May 17th

Keywords: US API/EIA crude oil inventories for the week; total yearization of new housing starts in the US; Federal Reserve Permanent Voting Committee Williams delivered a speech; Tencent Holdings and Target released financial reports

On Wednesday, in terms of economic data, the US API and EIA crude oil inventories for the week, and the total number of new housing starts in the US will be announced.

Among them, changes in US API and EIA crude oil inventories for the week ending May 12 are expected to continue to record increases.

The US API crude oil inventory for the week ending May 5 changed by 361.8. The expected value was 1.6 million barrels, and the previous value was -3.939 million barrels. EIA crude oil inventories in the US increased by 2.951,000 barrels in the week up to May 5, which is expected to decrease by 917,000 barrels, and the previous value decreased by 1.281 million barrels.

In terms of events, Atlanta Fed Chairman Bostic and Chicago Fed Chairman Goulsby will attend a panel meeting on economic prospects and monetary policy. Furthermore, FOMC permanent voting committee member and New York Federal Reserve Chairman Williams delivered a speech on economic prospects and monetary policy. Investors should pay attention to their latest views.

New York Federal Reserve Chairman Williams said earlier that inflation is still too high, and officials will use monetary policy to combat inflation. It may take two years to reach the 2% inflation target, and inflation is expected to fall to 3.25% this year. He said, “I am confident that we will reach and maintain sufficient restrictive positions to reduce inflation to the long-term target of 2%