Next Week Outlook: Middle East Tensions and Core PCE Data in Focus, Micron to Report Earnings Post-Market on Wednesday

BlockBeats News, June 20th. The market focus next week will continue to revolve around Middle East geopolitics and US PCE data. Here are the key points that the market will pay attention to in the new week (all times are Beijing time):

Thursday 04:00, the Fed releases the annual bank stress test results;

Thursday 20:30, US initial jobless claims for the week ending June 20th, US May Core PCE Price Index YoY, US May Personal Spending MoM, US Q1 Real GDP Annualized Final, US Q1 Real Personal Consumption Expenditures QoQ Initial, US Q1 Real Personal Consumption Expenditures QoQ Final, US Q1 Core PCE Price Index QoQ Final, US May Core PCE Price Index MoM, US May Durable Goods Orders MoM;

Friday 03:40, FOMC Permanent Voter and New York Fed President Williams speak;

Friday 06:30, FOMC Voter 2027 and Chicago Fed President Evans speak;

Friday 23:30, FOMC Voter 2026 and Minneapolis Fed President Kashkari speak.

The Fed's most closely watched Core PCE Price Index will be released next Thursday, along with May's personal income and spending data. According to the Cleveland Fed's inflation nowcasting model, the May Core PCE is expected to remain unchanged at 3.3%, while the overall PCE is expected to tick up slightly from 3.8% to 4.0%.

Memory chip maker Micron Technology (MU) will release its quarterly earnings report after the US stock market closes on Wednesday, June 24th, becoming a key gauge of chip demand pulse. The company guides revenue of $33.5 billion, with a gross margin of around 81%.