Overview of Key Schedules for the New Week
U.S. May PCE Price Index and Q1 Real GDP Data
On Thursday, June 25, the U.S. will release the May PCE price index. Markets expect the core PCE to rise by 0.3% month-over-month and increase year-over-year from 3.3% to 3.4%. If the PCE data comes in hotter than expected, it would reinforce the hawkish signals sent since the Federal Reserve’s June monetary policy meeting.
On the same day, the U.S. will release the final reading of Q1 2026 GDP. The market expects the final figure to remain at an annualized quarter-over-quarter rate of 1.6%, with the year-over-year growth rate rising to 3.4%. The market anticipates that equipment spending surged significantly in the first quarter, driven by AI-related infrastructure investments, while consumer spending growth is expected to have slowed.
NVIDIA will hold its annual shareholder meeting
$NVIDIA (NVDA.US)$ The 2026 Annual Shareholder Meeting will be held online at 9:00 a.m. Pacific Time on June 24 (00:00 Beijing Time on June 25). Key topics for the meeting include production ramp-up of Blackwell and the new Vera architecture chips, commercialization progress of the AI ecosystem, and capital return plans for its substantial cash flow.
Micron Technology will report earnings after U.S. market close on Wednesday
$Micron Technology (MU.US)$ It will report its latest earnings and guidance after U.S. market close on Wednesday. According to FactSet data, the market expects Micron’s adjusted earnings per share for the quarter to reach $20.70 (compared to $1.71 in the same period last year), with revenue projected at $35.56 billion (versus $9.3 billion a year earlier). Given that Micron’s stock price has increased ninefold over the past year, merely meeting expectations may not guarantee positive post-earnings stock performance.
The rebalancing of U.S. equity index constituents takes effect on Monday, with Marvell Technology being added to the S&P 500 Index.
Chip manufacturer $Marvell Technology (MRVL.US)$ and electronics manufacturer $Flex Ltd (FLEX.US)$ is set to join the S&P 500 Index. Meanwhile, the Nasdaq-100 Index will welcome five new constituents before the market opens next Monday: $Astera Labs (ALAB.US)$ (AI data center high-speed interconnect chips), $CoreWeave (CRWV.US)$ (emerging cloud service provider), $NEBIUS (NBIS.US)$ (emerging cloud service provider), $Rocket Lab (RKLB.US)$ (commercial rocket launch), $Teradyne (TER.US)$ (semiconductor test equipment). These changes will take effect at the open of U.S. markets on Monday, June 22.
SK Hynix plans to list in the U.S. as early as August, with the U.S. SEC expected to approve the application during the week of June 22.
According to Reuters, citing sources, $SK Hynix (000660.KR)$ plans to list in the United States as early as August. The U.S. Securities and Exchange Commission (SEC) is expected to approve SK Hynix’s ADR listing application during the week of June 22. SK Hynix stated in March that it had confidentially submitted its U.S. listing application.
OpenAI’s most advanced AI model series, GPT-5.6, is expected to debut next week.
Tech media outlet TestingCatalog recently published an article stating that OpenAI is expected to launch its GPT-5.6 series of models next week, including Mini, Standard, and Pro versions. In terms of performance, GPT-5.6’s context window has been expanded from 1 million to 1.5 million tokens, with enhanced long-context coding capabilities and improved Codex response speed. According to reports, in agent-based coding tasks, GPT-5.6 has already surpassed Anthropic’s Mythos series and is now regarded by developers as the new benchmark. On pricing, sources indicate that OpenAI’s current token prices are roughly half those of Anthropic’s, and OpenAI plans to directly initiate a price war—further reducing prices while simultaneously enhancing model performance.
Further reading:GPT-5.6 may launch next week: transitioning from 'models' to 'executable agents,' with pricing potentially just one-third that of competitors
New Hong Kong-listed stocks such as Xinji Microfabrication, Zhongke Wenge, and Lingyi Intelligent Manufacturing will go public.
A batch of new Hong Kong-listed stocks will debut next week, including $CFMEE (09630.HK)$ 、 $WENGE AI (01956.HK)$ 、 $LINGYI ITECH (01688.HK)$ among others, which will begin trading in the grey market on Thursday and officially list on Friday.
Key earnings calendar for the new week.
Further reading:The grand finale of earnings season! AI memory giant Micron Technology takes center stage—weekly earnings roundup (June 22–26)
Monday (June 22)
Keywords: China LPR, U.S. equity index rebalancing, Huajian Future / Sinuo Material grey market trading
On the economic data front, China's one-year and five-year Loan Prime Rates (LPR) will be released at 09:00.
On the financial events front, $Marvell Technology (MRVL.US)$ and $Flex Ltd (FLEX.US)$ will join the S&P 500 Index, $Astera Labs (ALAB.US)$ 、 $CoreWeave (CRWV.US)$ 、 $NEBIUS (NBIS.US)$ 、 $Rocket Lab (RKLB.US)$ 、 $Teradyne (TER.US)$ will join the Nasdaq 100 Index, effective Monday.
Regarding IPOs, $HJ SCIENCE-B (06132.HK)$ 、 $SENIOR MATERIAL (06067.HK)$ will begin grey market trading at 16:15.
Tuesday, June 23
Keywords: Summer Davos Forum, FedEx earnings, grey market trading for McKesson Pharma / Seegrid Intelligence
On the financial events front, the 17th Annual Summer Davos Forum will be held in Dalian from June 23 to 25.
In terms of performance, $FedEx (FDX.US)$It will release its earnings after the U.S. stock market closes.
Regarding IPOs, $MICOT PHARMA-B (02335.HK)$ 、 $SEER TECH (06106.HK)$ will begin grey market trading at 16:15.
Wednesday, June 24
Keywords: Micron Technology / Ctrip earnings
On the financial events front, the Bank of Japan will release the summary of opinions from its Monetary Policy Meeting on June 7 at 07:50.
In terms of performance, $Micron Technology (MU.US)$ 、 $Trip.com (TCOM.US)$It will release its earnings after the U.S. stock market closes.
Thursday, June 25
Keywords: U.S. PCE Price Index, NVIDIA Annual Shareholders Meeting, Zhongke Wenge / Lingyi Intelligent Manufacturing / Xinji Micro-Fabrication Grey Market
On the economic data front, the United States will release the PCE Price Index, first-quarter GDP, initial jobless claims, and other data at 20:30.
On the financial events front, $NVIDIA (NVDA.US)$The annual general meeting will be held at 0:00 on the same day.
Regarding IPOs, $WENGE AI (01956.HK)$ 、 $LINGYI ITECH (01688.HK)$ 、 $CFMEE (09630.HK)$ 、 $MERDEKAGOLD-DRS (06228.HK)$ 、 $KEYTOP PARKING (02272.HK)$ 、 $SG MICRO (03661.HK)$ and other stocks will commence grey market trading at 16:15.
Friday (June 26)
Keywords: University of Michigan Consumer Sentiment Index, Lepu Medical / Hygon Chip Zheng / White Pigeon Online grey market
On the economic data front, the United States will release the final reading of the University of Michigan Consumer Sentiment Index for June at 22:00.
Regarding IPOs, $ALEBUND-B (09637.HK)$ 、 $CREALIGHTS (01191.HK)$ 、 $BAIGE DIGITAL (02672.HK)$ and other stocks will commence grey market trading at 16:15.
Wishing fellow investors a successful week ahead!
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Editor/Jeffy