U.S.-Iran talks, key U.S. inflation and growth data, Fed bank stress-test results, and earnings from Cerebras Systems and Micron are in focus for broader risk sentiment and AI-chip demand signals.
Investor attention remains on Middle East developments and a busy run of U.S. data, with markets closely tracking U.S.-Iran talks after early panic on Monday over reports that negotiations had broken down. The macro calendar also includes May core PCE, jobless claims, GDP figures and the Federal Reserve’s annual bank stress-test results, all of which could influence sentiment. Cleveland Fed inflation forecasts indicate core PCE will hold at 3.3% in May, while headline PCE is expected to rise to 4.0% from 3.8%. On the corporate side, Cerebras Systems’ first quarterly report since listing and Micron Technology’s earnings are being watched for signals on AI-related and broader chip demand.