This week, several key economic events are poised to impact market trends. On Monday, market participants will closely monitor the effects of Israel-Iran tensions and the release of OPEC's monthly report. Tuesday will see the publication of May's retail sales data, providing insights into consumer spending trends. The Federal Reserve's rate decision on Wednesday is expected to be a major market mover, as investors anticipate potential changes in monetary policy. U.S. markets will be closed on Thursday in observance of Juneteenth, while Friday will feature the release of the Philly Fed Manufacturing Index, offering further economic indicators.