Investors will begin the week with U.S. stocks just shy of record highs and the 10-year Treasury yield below 1.57%, a one-month low. Key inflation data due later in the week will be closely watched.
Wall Street will also have the first chance to react to U.S. Treasury Secretary Janet Yellen’s meeting with G7 leaders and the progress made on a global minimum tax over the weekend, in part due to the Biden administration’s efforts to sell the plan. On Capitol Hill, Colonial Pipeline’s CEO is set to appear and will likely defend his decision to pay cyber hackers over $4 million to free the largest U.S. pipeline from their grip.
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
On Monday Apple will take the spotlight as it opens its Worldwide Developers Conference, which will unveil a series of new updates coming to its platforms later this year. The keynote address will begin at 10 a.m. Pacific time, it’s unclear if CEO Tim Cook will kick off the event which runs through June 11.