Heavyweight data is about to be released, and the market is paying attention to the speech by Federal Reserve Chairman Powell next week.

According to the schedule, the US June non-farm payroll report will be released next Thursday, as next Friday is the US Independence Day holiday, the data will be released a day early than usual. The US financial markets will also be closed next Friday. Some analysts pointed out that if the employment data exceeds expectations, it may further strengthen the Fed's interest rate hike expectations, especially in the context of Fed Chairman Kevin Warsh and the release of "hawkish" signals in the June meeting minutes. Wealth Enhancement's Deputy Chief Investment Officer Doug Huber said, "If the employment data is very strong, I believe the market may not necessarily see it as good news, but rather as a sign of an overheating economy, and begin to factor in further interest rate hike risks in the future." The market will focus on Warsh's speech on the evening of July 1. If Warsh continues the hawkish tone at the forum, it will further strengthen the market's expectations of a Fed rate hike.