BlockBeats news: On June 6, U.S. non-farm payroll employment added 172,000 jobs in May, significantly exceeding the market expectation of 85,000, prompting markets to reassess the Fed’s policy path, with the probability of a rate hike in December rising to 63%. Several Fed officials signaled a hawkish stance. As a result, the U.S. Dollar Index rebounded above the 100 level, gold fell for a fourth consecutive week, and U.S. tech stocks plunged on Friday, with the Philadelphia Semiconductor Index dropping 10% in a single day, erasing over $1 trillion in market value.
This week, tensions in the Middle East remain high; U.S.-Iran negotiations have stalled over asset freeze issues, with Iran warning that any escalation in conflict could expand its target range. A draft proposal for the management of the Strait of Hormuz has entered the review phase, and the situation in Lebanon continues to intensify.
In the capital markets, SpaceX announced it will list on Nasdaq on June 12 at an offering price of $135, aiming to raise $75 billion with a valuation nearing $1.8 trillion. However, the S&P 500 has declined to rapidly include the stock, requiring at least 12 months of trading history and four consecutive quarters of GAAP profitability.
Regarding regulatory compliance, Futu, Tiger Brokers, and Changqiao Securities have announced that, starting June 12, they will suspend new purchases and fund deposits for existing clients in mainland China, retaining only portfolio management and selling functions to align with industry rectification requirements.
The Bank of Japan has signaled a strong likelihood of rate hikes, with markets expecting it to raise its policy rate to 1% at its June meeting—the highest level since 1995. The overnight swap market indicates a probability of more than 80% for an increase.
According to data from the World Gold Council, global central banks resumed net gold purchases in April, with the People’s Bank of China adding 8 tons of gold, marking its 18th consecutive month of increases, while the National Bank of Poland led the world with purchases of 14 tons.
In the tech sector, Alphabet announced an increase in its fundraising target from $80 billion to $84.75 billion to accelerate AI infrastructure development, with Berkshire Hathaway participating in a $10 billion private placement. NVIDIA CEO Jensen Huang unveiled the RTX Spark superchip at COMPUTEX 2026, stating that "the PC is undergoing its first major transformation in 40 years," fully betting on the Windows AI PC and the era of agent-based AI.