Overview of Key Schedules for the New Week
The largest IPO in history is coming! SpaceX is going public.
Over the coming week, the market will see a series of significant events, but the most anticipated remains SpaceX’s potential initial public offering (IPO). SpaceX is expected to begin its share offering and set the final price on June 11, with shares scheduled to start trading on June 12 on both Nasdaq and the Nasdaq Texas Exchange under the ticker symbol “$SPACE EXPLORATION TECHNOLOGIES CORP (SPCX.US)$ ”.
SpaceX plans to issue approximately 555.6 million shares at $135 per share, raising $75 billion and valuing the company at nearly $1.77 trillion. With this $75 billion offering, SpaceX would easily surpass Saudi Aramco’s record-setting $29.9 billion IPO in 2019, becoming the largest initial public offering in history.
Additionally, it has been reported that on June 11, SpaceX also plans to host a major investor event, inviting 1,500 retail investors to attend.
According to the Bloomberg Billionaires Index, at an issue price of $135, Musk's net worth would reach $988 billion, placing him just shy of becoming the world's first trillionaire. A mere 2.2% increase in the share price—to $138—would mark this historic milestone.
[Related Discussion]SpaceX IPO is imminent! Will space stocks receive a catalyst?
Apple WWDC Developer Conference: Upgraded Siri May Be Unveiled
Apple’s Worldwide Developers Conference 2026 (WWDC 2026) will be held locally from June 8 to 12 (June 9 to 13 Beijing time). JPMorgan expects Apple’s AI moment to arrive. Apple is anticipated to unveil a major revamp of Siri at WWDC, including launching Siri as a standalone app, potentially switching its underlying model from an in-house solution to Google’s Gemini, and offering users access to multiple third-party AI models—making ChatGPT no longer the sole external option. On the product front, a foldable iPhone and a touchscreen Mac are expected to debut simultaneously, while the iPhone 18 series may see a price increase of approximately $50.
Morgan Stanley noted that the market has largely failed to fully price in the impact of AI on Apple’s stock, and this low expectation creates an ideal “favorable environment” for positive surprises. If Apple can present a well-refined vision for its AI agents at the conference, its valuation could rise from the current base target price of $330 to as high as $385. Goldman Sachs similarly believes that by comprehensively reimagining Siri, Apple will quickly establish itself as a leader in consumer-facing AI.
[Related Reading]:Apple's AI showcase is about to begin! What are the key highlights of WWDC 2026? Which Apple supply chain players will emerge as the next big winners?
Inflation data from China and the United States have been released sequentially.
China’s May import data will be released on June 9, followed by May CPI and PPI figures on June 10. China’s May financial data will also be published next week.
Regarding inflation, Huachuang Securities forecasts that PPI will rise year-over-year from 2.8% to approximately 3.5%, while CPI is expected to increase year-over-year to around 1.4%. This uptick in CPI is attributed to two main factors: first, food prices may outperform seasonal trends, supported by policy measures that have stabilized expectations and steadied pork prices; second, the low base effect from the same period last year.
In terms of financial data, direct financing warrants close attention. Total social financing (TSF) added in May is projected at RMB 1.4 trillion, RMB 700 billion less than the same period last year. The year-over-year growth rate of outstanding TSF is expected to be around 7.5%. M2 money supply is forecast to grow by approximately 8.3% year-over-year, while the newly defined M1 is expected to expand by about 4.6% year-over-year.
The U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) for May will be released on June 10 and 11, respectively.
Very early forecasts indicate that both headline and core U.S. CPI year-over-year growth rates will accelerate further, reaching 4.2% (the highest since June 2023) and 3%, respectively—a result likely to trigger significant turbulence across global financial markets.
Although dovish members within the Federal Reserve may view elevated inflation readings as transitory, the PPI data undoubtedly presents a serious concern. The U.S. year-over-year PPI is expected to surge above 6.5%, marking its highest level since January 2023. Given the time lag between these two reports, the sharp rise in PPI could pave the way for further acceleration in CPI.
Notably, following the release of strong inflation data, the preliminary reading of the University of Michigan Consumer Sentiment Index—due Friday—could hit a record low, sounding an alarm over a potential decline in consumer spending.
The Fed awaits its new chair’s debut; will the ECB raise rates?
Against the backdrop of an exceptionally robust labor market and persistent inflationary pressures, the upcoming Federal Open Market Committee (FOMC) meeting on June 18 has become a focal point for global capital markets. This will not only be the first FOMC meeting under newly sworn-in Fed Chair Kevin Warsh but could also mark a pivotal shift in the Fed’s policy stance from 'accommodative' to 'restrictive.'
Markets widely expect the Federal Reserve to hold rates steady at its June meeting, but all the critical details lie beneath the surface. Investors are closely watching three signals to gauge whether rate hikes could resume in the second half of the year: first, the removal of any dovish bias from the policy statement; second, an upward shift in the median projection on the dot plot; and third, a reassessment of risk weights.
Beyond the interest rate path, Waller has also pledged institutional reforms at the Fed. The new chair has long criticized Fed officials for speaking too frequently. Duke University professor Ellen Meade predicts Waller may establish a new communication protocol by shortening press conferences and discontinuing individual economic forecasts.
Zhipu and MiniMax Expected to Join Hang Seng Tech Index
The two strongest-performing IPO stocks in the Hong Kong market— $KNOWLEDGE ATLAS (02513.HK)$and$MINIMAX-W (00100.HK)$ are expected to be included starting June 8 $Hang Seng TECH Index (800700.HK)$ , with a combined weighting of 5%–7%, which is projected to drive passive inflows of approximately USD 1.25 billion to USD 1.75 billion. Trading via Stock Connect will also gradually open. However, the real stress test comes with the July lock-up expirations: Zhipu AI faces a 5.83% unlock, while MiniMax approaches nearly 50%, putting liquidity premiums to the test.
The CONCACAF Gold Cup kicks off
The 2026 FIFA World Cup in the United States, Canada, and Mexico will take place locally from June 11 to July 19, 2026. As the largest-ever tournament featuring 48 teams, it is set to drive strong demand across the entire industry chain—from pre-tournament sports betting and inventory buildup of sporting goods, to in-game advertising, food and beverage consumption during matches, and travel and accommodation—potentially providing a catalyst for listed companies across the value chain.
Two major tech earnings reports are on the horizon: Oracle and Adobe
Next week, the U.S. stock market enters a relatively quiet phase of earnings season. Although the overall number of reports is limited, $Oracle (ORCL.US)$and$Adobe (ADBE.US)$ these two heavyweight technology companies will report in succession, drawing significant market attention. Investors will pay close attention to AI-driven cloud business growth, the resilience of software demand, and forward-looking guidance, all of which could influence sentiment in the tech sector.
Oracle has recently shown strong performance in cloud infrastructure, with sustained AI demand accelerating its business momentum. The market expects the company to maintain its high-growth trajectory, particularly watching trends in remaining performance obligations, the performance of NetSuite Cloud ERP, and its outlook for fiscal year 2027. If Oracle delivers positive guidance, it could further energize the AI cloud infrastructure theme.
In addition to these two giants, several consumer and cyclical companies will also release earnings next week. For example, on June 8, $The Campbell's Co (CPB.US)$and$Vail Resorts (MTN.US)$ among others, and on June 9, including $Caseys General Stores (CASY.US)$ 、 $JM Smucker (SJM.US)$ and other retail and consumer stocks, as well as $Lennar Corp (LEN.US)$ and other real estate-related companies on June 11. These companies are relatively small in size and have limited impact on the overall market, primarily reflecting the current state of the consumer and cyclical sectors.
Key earnings calendar for the new week.
[Related Reading]Earnings season wraps up with a bang! Oracle and Adobe take center stage—Weekly earnings roundup (June 8–12)
Monday (June 8)
Keywords: State Council, urban renewal, 15th Five-Year Plan, regular briefing
On the economic data front, Japan's trade balance for April and the New York Fed's one-year inflation expectations for May in the United States will be released.
23:00: U.S. New York Fed one-year inflation expectations for May
Regarding major events, the State Council Information Office will hold a regular policy briefing at 10:00 a.m. on Monday, June 8, 2026. Vice Minister Qin Haixiang of the Ministry of Housing and Urban-Rural Development, along with officials from the National Development and Reform Commission, the Ministry of Finance, and the Ministry of Natural Resources, will introduce the '15th Five-Year Plan for Urban Renewal' and answer questions from journalists.
At 1 a.m. the following day, $Apple (AAPL.US)$ will hold its Worldwide Developers Conference (WWDC26). Additionally, on Monday, $KNOWLEDGE ATLAS (02513.HK)$ 、 $MINIMAX-W (00100.HK)$ added $Hang Seng TECH Index (800700.HK)$ the first trading day.
On the earnings front, U.S. stocks $FuelCell Energy (FCEL.US)$ 、 $The Campbell's Co (CPB.US)$ will release their results before market open.
Tuesday, June 9
Keywords: Apple WWDC
On the economic data front, China's trade balance for May, Germany's seasonally adjusted industrial production month-over-month for April, the U.S. NFIB Small Business Optimism Index for May, and the weekly change in ADP employment figures for the week ending May 23 will all be released.
18:00: U.S. NFIB Small Business Optimism Index for May
20:15, Weekly Change in ADP Employment (in ten thousands) for the Week Ending May 23, United States
20:30, U.S. Trade Balance for April (in USD billions)
22:00, Annualized Total Existing Home Sales for May (in ten thousands), United States
22:00, Monthly Wholesale Sales Rate for April, United States
Earnings reports: $SailPoint (SAIL.US)$ 、 $JM Smucker (SJM.US)$and$Uranium Energy (UEC.US)$ released its earnings report before the US stock market opened, $Caseys General Stores (CASY.US)$ will release earnings after the U.S. stock market closes.
On major events, $Apple (AAPL.US)$ Will host its Worldwide Developers Conference (WWDC26) at 1:00 a.m. Beijing time on June 9.
Wednesday (June 10)
Keywords: China-U.S. CPI, Oracle earnings report
On the economic data front, China's May CPI, China's year-to-date social financing aggregate for May, and the U.S. year-over-year unadjusted CPI for May will be released.
09:30 — China's year-over-year CPI for May
20:30 — U.S. month-over-month seasonally adjusted CPI for May
20:30 — U.S. year-over-year unadjusted CPI for May
Earnings reports: $Chewy (CHWY.US)$ will release its earnings report before the U.S. market opens,$Oracle (ORCL.US)$ released its earnings report after the U.S. stock market closed.
Regarding other events, $Taiwan Semiconductor (TSM.US)$ is expected to release its May sales figures at noon Beijing time.
Thursday (June 11)
Keywords: U.S. PPI, SpaceX IPO pricing
On the economic data front, figures to be released include the ECB deposit facility rate as of June 11 for the euro area, the number of initial jobless claims in the U.S. for the week ending June 6, and the year-over-year U.S. PPI for May.
20:15 – ECB deposit facility rate as of June 11 for the euro area
20:30 – U.S. initial jobless claims for the week ending June 6
20:30 – U.S. May PPI year-over-year and month-over-month
Earnings reports: $The Lovesac (LOVE.US)$ released its earnings report before the US stock market opened, $Adobe (ADBE.US)$、 $Lennar Corp (LEN.US)$ will release earnings after the U.S. stock market closes.
On the major events front, $SPACE EXPLORATION TECHNOLOGIES CORP (SPCX.US)$ will announce its final pricing, and the World Cup kicks off today.
Friday (June 12)
Keywords: SpaceX IPO
On the economic data front, the U.S. one-year inflation rate for June and the University of Michigan Consumer Sentiment Index for June.
22:00 — Preliminary reading of the University of Michigan Consumer Sentiment Index for June
22:00 — Preliminary reading of the U.S. one-year inflation rate expectation for June
Regarding IPOs, $SPACE EXPLORATION TECHNOLOGIES CORP (SPCX.US)$ officially listed on the Nasdaq.
Wishing fellow investors a successful week ahead!
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