Overview of Key Schedules for the New Week
FOMC minutes are due for release, and several Federal Reserve officials will speak publicly.
The latest Federal Reserve meeting minutes will be released at 2:00 a.m. Thursday. This was the first meeting under new Fed Chair Waller, during which the policy rate was held steady in the 3.5%–3.75% range. The Fed’s statement and interest rate projections suggested that rates could be raised to counter rising inflation. Waller emphasized the importance of tackling inflation, leading markets to price in a higher risk of rate hikes.
However, in recent comments, Waller indicated that in his first few weeks on the job, the risk of higher inflation had receded as tensions in the Middle East eased. Additionally, U.S. June employment data came in significantly below expectations, with only 57,000 jobs added that month, despite a slight decline in the unemployment rate. Against this backdrop, investors will seek further clues to assess whether the Fed might raise rates in the coming months, particularly given other recent data showing solid U.S. economic performance.
In addition, several Federal Reserve officials will deliver speeches.
At 23:00 on Monday, Fed Governor Waller, ECB Executive Board member Schnabel, ECB Governing Council member Wunsch, and Deputy Governor of Sweden’s Riksbank Sjöholm will speak.
At 21:00 on Thursday, John Williams, permanent FOMC voter and President of the New York Fed, will speak.
At 01:30 on Friday, Lorie Logan, 2026 FOMC voter and President of the Dallas Fed, will speak.
China's June inflation and financial data are set to be released.
China’s June CPI and PPI will be released on Thursday, July 9. Li Chao of Zheshang Securities and others expect the “K-shaped divergence” in prices to persist in June, with industrial goods outperforming consumer goods. They forecast June CPI to rise 1.1% year-over-year and PPI to increase 4.1% YoY, up 0.2 percentage points from May.
On July 7, China will release its foreign exchange reserves for June. The People’s Bank of China has now increased its gold holdings for 19 consecutive months.
China’s latest financial data for June is expected to be released in the week of July 9. Zheshang Securities forecasts that the financial data may emerge as a relatively weak component among June’s macroeconomic indicators, with credit expansion and fund mobilization likely slowing down. RMB loans are expected to increase by RMB 2.0 trillion in June, with total social financing (TSF) rising by approximately RMB 2.89 trillion.
SK Hynix’s U.S. ADR is tentatively scheduled to list on Nasdaq on July 10.
According to Yonhap News Agency, the South Korean semiconductor giant…$SK Hynix (SKHY.US)$ SK Hynix announced on the 24th that it plans to issue American Depositary Receipts (ADRs) with a maximum value of KRW 45.45 trillion (approximately RMB 200.1 billion) for a listing on Nasdaq, provisionally scheduled for July 10. If realized, this offering would rival Alibaba Group's record-setting USD 25 billion IPO.
Nasdaq: SpaceX to be added to the Nasdaq 100 Index on July 7
Elon Musk’s space exploration company $SpaceX (SPCX.US)$ has become one of the fastest companies ever added to the Nasdaq 100 Index, with passive investors set to trigger a new wave of buying less than a month after its record-breaking public debut. Nasdaq announced that index-tracking funds and other product issuers will begin purchasing shares after the market close on July 6, and SpaceX will officially join the Nasdaq 100 Index prior to the market open on July 7, with an estimated weighting of less than 1%. JPMorgan estimates that SpaceX’s inclusion will generate approximately USD 4.3 billion in net passive inflows.
Zhipu AI, MiniMax, and TianShu ZhiXin to Unlock First Tranche of Cornerstone Lock-up Shares Following Hong Kong IPOs
$Zhipu AI (02513.HK)$ 、 $MINIMAX-W(00100.HK)$ will see their first tranche of post-IPO lock-up shares unlocked on July 8 and 9, respectively, with a combined market value exceeding HKD 85 billion. Among them, MiniMax stands out with a particularly large unlock, involving shares equivalent to 34% to 63% of its total outstanding shares. Morgan Stanley previously warned that both companies have extremely limited free floats and significant liquidity premiums; the unlocking will mark the first reversal in supply-demand dynamics, putting their scarcity-driven share price premiums under severe pressure. Additionally, $Tiandu Zhixin (09903.HK)$ the first tranche of cornerstone lock-up shares for Hong Kong-listed companies will expire and become tradable around July 8.
South Korea’s National Assembly initiates institutional reform discussions: focus on regulatory oversight of single-stock leveraged ETFs
The Special Committee of South Korea’s Democratic Party of Korea will hold a closed-door internal review meeting on July 6 to launch a policy review of the capital markets, focusing on regulatory issues concerning single-stock leveraged ETFs. $Samsung Electronics (005930.KR)$ 、 $SK Hynix (SKHY.US)$ Since their launch, leveraged ETFs have experienced rapid growth in scale and have been criticized for exacerbating market volatility and harming retail investors.
The annual Sun Valley Conference is approaching, with CEOs from OpenAI, Apple, and Meta attending; Jensen Huang and Elon Musk will be absent.
The annual Allen & Company Sun Valley Conference is scheduled to take place from July 7 to 10 in Sun Valley, Idaho. Dubbed the 'billionaires’ summer camp,' this high-profile gathering brings together leading tech titans, media moguls, and artificial intelligence executives for several days of closed-door discussions and deal-making.
According to the attendee list obtained by Variety, $Apple (AAPL.US)$ Apple CEO Cook, $Amazon (AMZN.US)$ Bezos, $Meta Platforms (META.US)$ Zuckerberg, OpenAI’s Altman, and other tech and AI leaders are all in attendance, $Disney(DIS.US)$ while new faces such as incoming CEO Damaro and Apple’s designated successor John Ternus will also make their debut. Notably, Musk and NVIDIA’s Jensen Huang are absent this year.
OpenAI plans to release GPT-5.6 on July 7.
According to reports, OpenAI plans to launch GPT-5.6 on July 7, precisely timed with the expiration of Claude Fable 5’s quota scheme. Leaked code indicates that GPT-5.6 comprises three sub-models—Sol, Terra, and Luna—and introduces a “speed dial” feature. Internal testing shows that GPT-5.6 outperforms Fable 5 in efficiency and response speed, and offers more competitive pricing, with Sol Ultra expected to match Fable 5’s performance at a lower cost.
Key earnings calendar for the new week.
Policy Focuses on Data! Scanning PepsiCo’s Earnings Report – Weekly Performance Snapshot (July 6–10)
Monday (July 6)
Keywords: Waller’s speech; South Korea discusses regulatory issues concerning single-stock leveraged ETFs
On the economic data front, the final reading of the U.S. June S&P Global Services PMI will be released at 21:45, followed by the U.S. June ISM Non-Manufacturing PMI and the U.S. June Global Supply Chain Pressure Index at 22:00.
On the economic calendar, at 23:00, Federal Reserve Board Governor Christopher Waller, European Central Bank (ECB) Executive Board member Isabel Schnabel, ECB Governing Council member Joachim Nagel, and Deputy Governor of Sweden’s Riksbank Cecilia Skingsley will deliver speeches. On July 6, the Democratic Party of Korea’s special committee will convene a closed-door internal review meeting to launch its capital markets policy review, focusing on the regulatory oversight of single-stock leveraged ETFs.
Regarding IPOs, $Tongrentang Healthcare (02667.HK)$ Will begin grey-market trading at 16:15.
Tuesday, July 7
Keywords: NATO Summit; Momenta, GeneSiC Semiconductor grey-market trading
On the economic data front, the U.S. ADP employment change for the week ending June 20 will be released at 20:15, followed by the U.S. trade balance for May at 20:30.
On the economic calendar, the NATO Summit is scheduled to take place in Ankara, the capital of Türkiye, from July 7 to 8.
Regarding IPOs, $Tongrentang Healthcare (02667.HK)$ Will officially list on the Hong Kong Stock Exchange at 9:20.
$MOMENTA-W (06880.HK)$ 、 $EcoDrive Intelligence (07687.HK)$ 、 $BASIC Semiconductor (09971.HK)$ 、 $Baogai New Materials (08090.HK)$ 、 $Ruiwei Technology (07656.HK)$ 、 $Oriental Kemo (01770.HK)$ Will begin grey-market trading at 16:15.
Wednesday, July 8
Keywords: Zhipu AI, TianShu ZhiXin share lock-up expiration; Luxshare Precision, Sanhuan Group, Dingtai High-Tech grey-market trading
On the economic data front, the U.S. May wholesale sales monthly rate will be released at 22:00, followed by the EIA crude oil inventory for the week ending July 3 at 22:30.
On the financial events front, the EIA will release its Monthly Short-Term Energy Outlook Report at 00:00; the Reserve Bank of New Zealand will announce its interest rate decision at 10:00; and RBNZ Governor Adrian Orr will hold a monetary policy press conference at 11:00.
In terms of new stocks,$MOMENTA-W (06880.HK)$ 、 $EcoDrive Intelligence (07687.HK)$ 、 $BASIC Semiconductor (09971.HK)$ 、 $Baogai New Materials (08090.HK)$ 、 $Ruiwei Technology (07656.HK)$ 、 $Oriental Kemo (01770.HK)$ Will officially list on the Hong Kong Stock Exchange at 9:20.
$Luxshare Precision (02475.HK)$ 、$Sanhuan Group (06951.HK)$、 $Dingtai High-Tech (01377.HK)$ 、$Luoshi Robotics (03752.HK)$ 、 $Qiyunshan Food (02797.HK)$ 、 $Rigol Technologies (00537.HK)$ will begin grey market trading at 16:15.
$Zhipu AI (02513.HK)$、 $Tiandu Zhixin (09903.HK)$On July 8, share restrictions on 25.6816 million shares and 10.9403 million shares will be lifted, respectively.
Thursday (July 9)
Keywords: Federal Reserve monetary policy meeting minutes; MiniMax lock-up expiration; first trading day of Luxshare Precision, Sanhuan Group, and Dingtai High-tech
On the economic data front, China's June CPI and PPI will be released at 9:30; the U.S. initial jobless claims for the week ending July 4 will be published at 20:30.
On the economic front, the Federal Reserve will release the minutes of its monetary policy meeting at 2:00 p.m.; FOMC permanent voter and New York Fed President John Williams is scheduled to deliver a speech at 9:00 p.m.
Regarding IPOs, $Luxshare Precision (02475.HK)$ 、$Sanhuan Group (06951.HK)$、 $Dingtai High-Tech (01377.HK)$ 、$Luoshi Robotics (03752.HK)$ 、 $Qiyunshan Food (02797.HK)$ 、 $Rigol Technologies (00537.HK)$It will officially list on the Hong Kong Stock Exchange at 9:20 a.m.
$Jinghe Integrated (02249.HK)$、 $Binhua Shares (06745.HK)$ Will begin grey-market trading at 16:15.
$MINIMAX-W(00100.HK)$ 16.504 million restricted shares will be unlocked on July 9.
Friday (July 10)
Keywords: SK Hynix U.S. listing; Logan speech
On the economic calendar, Dallas Fed President and 2026 FOMC voting member Logan will deliver a speech at 1:30 AM; the IEA will release its monthly oil market report at 4:00 PM.
Regarding IPOs, $SK Hynix (SKHY.US)$ The U.S. ADR is tentatively scheduled to list on Nasdaq on July 10;$Jinghe Integrated (02249.HK)$、 $Binhua Shares (06745.HK)$ will officially list in Hong Kong at 9:20 AM; $Yongkang Holdings (02523.HK)$ Will begin grey-market trading at 16:15.
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Wishing fellow investors a successful week ahead!
Editor/KOKO