Overview of this week's key schedule.
Trump takes action against Iran! Pay attention to the market's performance at Monday's opening.
According to reports from CCTV News, Global Network, and others, U.S. President Trump delivered a national address, stating that Iran's nuclear facilities have been 'completely destroyed.' Trump also mentioned that the goal of the United States is to eliminate Iran's uranium enrichment capabilities and curb the nuclear threat posed by Iran.
In the speech, Trump stated that if Iran cannot achieve peace, the U.S. may attack more targets, and Iran will either move towards peace or face tragedy, which will far exceed what has been witnessed in the past eight days.
Mark Malek, Chief Investment Officer at Siebert Financial in New York, holds an optimistic view on the stock market outlook. He stated, "I believe this will be very positive for the stock market," especially considering it seems to be a "one-time action" rather than seeking a long-term conflict. Malek pointed out that a quick military action would bring reassurance, provided that the U.S. is not seeking a lasting conflict.
However, Analysts remain vigilant about the greatest risk in the Strait of Hormuz. Malek emphasized that if Iran has the capability to block this crucial strait, "it will definitely change everything."
Powell's Congressional appearance! Will present semi-annual monetary policy report testimony.
On Tuesday (June 24), Federal Reserve Chairman Powell will present his semi-annual monetary policy testimony in the House of Representatives. At that time, Powell may outline the Federal Reserve's assessment of the current economic situation, including key areas such as employment and inflation.
In addition to closely monitoring clues regarding interest rates or inflation, traders will also be highly alert to any changes in the tone of policy independence and any hints regarding the Federal Reserve's long-term framework. Analysts point out that historically, the "clarity" of testimonies themselves serves as a trading signal, and if Powell's wording is ambiguous or very strong, it could lead to significant fluctuations in the stock market and declines in risk assets such as Bitcoin.
The global market is facing a data bombardment this week! Multiple economic indicators from the United States will be released successively.
Data on personal consumption expenditures and personal income will provide more insight into price pressures and the strength of consumer demand on Friday. Personal consumption in April slowed to a month-on-month increase of 0.2%, but it is expected to slightly accelerate to 0.3% in May. However, the growth rate of personal income may be halved to 0.4%.
Additionally, the United States will release the May PCE price index on Friday. Currently, economists expect the year-on-year PCE price index for May in the United States to increase by 2.3%, an increase of 0.2 percentage points from last month’s 2.1%; the core PCE price index is expected to increase by 2.6% year-on-year, accelerating by 0.1 percentage points from last month, indicating a moderate warming of inflation. Analysts point out that based on the expected month-on-month values, the last three months will be the three months with the mildest increase in five years.
The United States will impose tariffs on steel-made household appliances starting from the 23rd.
On June 12 local time, the U.S. Department of Commerce announced that starting from June 23, tariffs will be imposed on various steel household appliances, including dishwashers, washing machines, and refrigerators, which are "steel derivative products." Previously, the White House stated that President Trump announced an increase in tariffs on imported steel and aluminum and their derivatives from 25% to 50%.
NATO leaders and heads of government will hold a summit in The Hague from June 24 to 25.
NATO will hold a summit in The Hague, Netherlands, from June 24 to 25, with the core agenda being the formal approval of the new NATO minimum military expenditure targets, which President Trump has confirmed his attendance. NATO member states have made progress on relevant plans regarding Trump's request to allocate 5% of GDP for military spending.
The 2025 Summer Davos Forum will be held from next Tuesday to Thursday.
Next Tuesday, the sixteenth annual meeting of the World Economic Forum, the "Summer Davos Forum," will be held in Tianjin until the 26th.
According to reports, this year's annual meeting will convene more than 1,700 participants from over 90 countries, including leaders from business, politics, social organizations, international organizations, media, and academia, marking the highest number of participants in recent years.
The agenda of the annual meeting will revolve around five themes, including "Interpreting the Global Economy," "Prospects for China," "Industries in Turmoil," "Investing in Humanity and the Planet," and "New Energy and Materials."
NVIDIA will hold its annual shareholder meeting.
$NVIDIA (NVDA.US)$The 2025 annual shareholder meeting will take place on June 25 at 9:00 AM Pacific Time (June 26 at 12:00 AM Beijing Time).
NVIDIA is committed to expanding its influence in the global artificial intelligence infrastructure field. This month, the company announced plans to build an industrial artificial intelligence cloud platform in Germany and designated Micron Technology as the first supplier of its new memory solution, SOCAMM.
Recently, NVIDIA officially announced a collaboration with Novo-Nordisk A/S to use AI in drug development, and showcased a video compression tool for autonomous Cars at the GTC conference in Paris.
FedEx, Micron Technology, and Nike will successively announce their performance.
On the individual stock level, next week will still be a quiet season for Earnings Reports, but some well-known companies will release their latest performance, including$FedEx (FDX.US)$will announce its performance on Tuesday after Post-Market Trading;$Micron Technology (MU.US)$will announce its performance on Wednesday;$Nike (NKE.US)$The earnings will be announced after Post-Market Trading on Thursday.
Key earnings calendar for the new week.
Related News:Micron's Earnings Reports are approaching! Key Earnings Calendar for the week (6.23-6.27).
June 23rd, Monday.
Keywords: U.S. S&P Global Manufacturing/Services PMI preliminary values, U.S. tariffs on steel appliances take effect, Zhejiang Sanhua Intelligent Controls / Yuanjiahui-B listing.
On Monday, for economic data, the U.S. will announce the preliminary S&P Global Manufacturing PMI and the preliminary S&P Global Services PMI.
In terms of financial events, the U.S. tariffs on steel appliances will take effect starting on the 23rd.
Regarding new stocks,$SANHUA (02050.HK)$、$TRANSTHERA-B (02617.HK)$Will be listed on the Hong Kong Stock Exchange; in addition,$ZHOU LIU FU (06168.HK)$Subscription has ended.
June 24, Tuesday
Keywords: Conference Board Consumer Confidence Index, Powell's semi-annual monetary policy report testimony, NATO heads of state and government summit, Summer Davos Forum, FedEx performance.
On Tuesday, the economic data will include the U.S. Conference Board Consumer Confidence Index.
In terms of financial events, Federal Reserve Chair Powell will deliver his semi-annual monetary policy report testimony before the House Financial Services Committee; additionally, NATO heads of state and government will hold a summit in The Hague from June 24 to 25, with Trump confirming his attendance; meanwhile, the Summer Davos Forum will be held, concluding on June 26.
In terms of performance,$FedEx (FDX.US)$will announce its performance after the close of Post-Market Trading on the same day.
June 25, Wednesday
Keywords: Powell's semi-annual monetary policy report testimony, NATO heads of state and government summit, Summer Davos Forum, Micron Technology performance, Saturday's lottery results.
On Wednesday, in terms of financial events, Federal Reserve Chairman Powell will testify on the semi-annual monetary policy report before the Senate committee; additionally, NATO heads of state and government leaders will hold a summit in The Hague; meanwhile, the Summer Davos Forum will take place, concluding on June 26.
In terms of performance, Micron Technology will announce its earnings on the same day.
Regarding new stocks,$ZHOU LIU FU (06168.HK)$Will announce the results of the lottery; in addition, the parent company of "if coconut water"$IFBH (06603.HK)$Subscription ends.
June 26, Thursday.
Keywords: U.S. initial jobless claims, U.S. GDP, Summer Davos Forum, NVIDIA annual shareholder meeting, Nike performance.
On Thursday, economic data will include the U.S. initial jobless claims for the week and the final value of the first quarter's real GDP annualized quarterly rate.
In terms of financial events,$NVIDIA (NVDA.US)$The 2025 annual shareholder meeting will be held at 9:00 AM Pacific Time on June 25 (12:00 AM Beijing time on June 26); additionally, the Summer Davos Forum concludes on the 26th.
In terms of performance,$Nike (NKE.US)$performance will be announced in Post-Market Trading on the same day.
Regarding new stocks,$ZHOU LIU FU (06168.HK)$will be listed on the Hong Kong Stock Exchange.
June 27, Friday
Keywords: US Core PCE Price Index, University of Michigan Consumer Sentiment Index, results of the lottery for "if coconut water" parent company IFBH.
On Friday, in terms of economic data, the US will release the core PCE price index and the final value of the University of Michigan Consumer Sentiment Index.
In terms of new stocks, the parent company of "if coconut water" $IFBH (06603.HK)$ The lottery results will be announced.
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In the new week, wishing mooers a successful investment!
Editor/Jeffy
