Preview of US Stock Market | SpaceX went public! The three major stock index futures all rose. It is rumored that the US and Iran may reach an agreement as early as this weekend.

Pre-market market trends 1. Before the market opened on June 12th (Friday), the futures of the three major US stock indices rose. As of the time of publication, Dow Jones futures rose by 0.58%, S&P 500 index futures rose by 0.34%, and Nasdaq futures rose by 0.15%. 2. As of the time of publication, the German DAX index rose by 1.16%, the UK FTSE 100 index rose by 0.93%, the French CAC 40 index rose by 1.46%, and the European Stoxx 50 index rose by 1.34%. 3. As of the time of publication, WTI crude oil fell by 2.57% to $85.46 per barrel. Brent crude oil fell by 2.36% to $88.25 per barrel. Market News The Strait of Hormuz may soon reopen! Reports suggest that the US and Iran are close to reaching an agreement, with the earliest possible signing this weekend. According to late-night reports from G7 and diplomatic sources, the United States and Iran are on the verge of signing a breakthrough agreement aimed at reopening the Strait of Hormuz. The timing of this diplomatic breakthrough is extremely sensitive, as the G7 summit in 2026 is scheduled to take place from June 15th to 17th in the French Alps town of vian. Multiple sources have confirmed that the nearby Swiss city of Geneva is currently being considered as a secret location for the signing of the US-Iran agreement, with the signing ceremony potentially taking place as early as Sunday, June 14th. All eyes on SpaceX (SPCX.US) going public, with a projected 35% increase in the shadow market. SpaceX is set to go public on NASDAQ on Friday, with the stock code SPCX and an IPO price of $135 per share, valuing the company at $1.77 trillion. The company plans to sell 555.6 million shares, raising $75 billion, making it the largest IPO in history. If SpaceX's IPO proceeds as planned, it could be a significant catalyst for the stock market on Friday. However, some investors are concerned that the massive issuance may put pressure on the market. Even if the market can absorb these new shares from SpaceX, IPOs have traditionally been volatile, and Friday's issuance may trigger another rotation among tech stocks, as investors need funds to subscribe to new shares. The shadow market expects a sensational increase on its first day, with a potential increase of at least 35% from the $135 IPO price, pushing its market value towards $2.4 trillion. Goldman Sachs Group, Inc.: AI spending in 2027 may soar to $1.4 trillion, bolstering the S&P 500 towards 8000 by year-end. Analysts at Goldman Sachs Group, Inc. believe that expectations for AI spending next year are too conservative. They project further gains in stocks related to this theme. Led by strategist Ryan Hammond, the team at Goldman Sachs Group, Inc. expects capital spending by mega-corporations to rise to as much as $1.4 trillion in 2027, with analysts currently expecting around $920 billion. The strategists note that increased investment will further support profit growth for AI infrastructure companies. While the sector's stock prices have already rebounded significantly, the team believes that these gains are being largely driven by improving earnings expectations. Oil-producing nations in the Gulf are covertly moving, with non-Iranian oil shipments through the Strait of Hormuz increasing by 50%. Despite ongoing tensions between the US and Iran, the volume of non-Iranian oil tankers passing through the Strait of Hormuz has increased by approximately 50% so far this month as more Persian Gulf oil-producing countries find alternative routes. According to data from Vortexa, in the first 10 days of June, at least 1.8 million barrels of oil were shipped out of the Persian Gulf daily, up from 1.2 million barrels per day in May. As more tankers are identified through satellite imagery, these figures are often revised upwards. In contrast, due to US sanctions restricting tanker passage, Iran's oil shipments through the channel have significantly decreased, with no Iranian oil passing through the strait during this period. The market is already anticipating a further increase in transportation volumes. The "Powell era" of the Federal Reserve begins: dot plots and forward guidance may fade, yield curve reshaping the "AI bull market" narrative. Senior investment managers from the world's largest fixed-income market giant Pimco (The Pacific Asset Management) suggest that bond investors will closely watch next week's Federal Reserve monetary policy meeting and all remarks from Powell at the press conference to look for signs of how new Fed Chair Kevin Powell will quickly put his stamp on the central bank. Pimco believes that Powell will change the way the Fed signals and communicates with the market but will not stay silent, moving away from the relatively high transparency and forward guidance of the Powell era towards a mode of shorter statements, fewer commitments, less reliance on dot plots, and more emphasis on policy flexibility. CME Group Inc. Class A embraces a 24/7 model, announces round-the-clock WTI crude oil and gold contracts. The Chicago Mercantile Exchange Group (CME) announced on Thursday in US Eastern Time that it plans to offer 24/7 trading for new, smaller-scale crude oil futures and its existing gold futures contracts, meaning these contracts will be available for trading every day of the week, around the clock. For the global capital markets, this shift signifies a move from pricing mechanisms based on exchange opening hours to event-based pricing. The direct background for this adjustment is the Middle East political conflict that has created a structural pain point in energy markets, where traditional crude oil and gold futures, while already trading almost around the clock, still have trading halts during weekends and holidays. Stock News Waymo introduces a monthly subscription service, providing a lifeline for Alphabet (GOOGL.US) 's "other bets" losses. Alphabet's self-driving subsidiary Waymo has officially launched a membership subscription service called "Waymo Premier" with a monthly fee of $29.99. The service is initially open to selected high-frequency users in the core markets of San Francisco, Los Angeles, and Phoenix on an invitation-only basis, aiming to lock in loyal users, smooth out demand fluctuations, and explore diversified sources of income. This move indicates that the global leader in autonomous driving is trying to deeply engage its most core user groups through a software subscription model. This move signals the autonomous taxi industry is transitioning from an "experimental phase" to a "fine-tuned operation phase". Waymo Premier subscribers will receive four core benefits: priority vehicle matching (faster car availability during peak hours), up to 5 free cancellations per month, 10% cashback on each trip in Waymo Cash loyalty points (which can be used to offset future rides), and early access to the launch of Shenzhen New Land Tool Planning & Architectural Design's RoboTaxi service. OpenAI, Alphabet Inc. Class C, and Anthropic join forces at the G7 summit AI governance and capital game heat up. According to a list published by the French presidency, executives from the artificial intelligence businesses of Anthropic PBC, OpenAI, and Alphabet Inc. Class C's parent company Alphabet will attend the G7 summit in France next week. The attendees include Sam Altman from OpenAI, Demis Hassabis from Alphabet Inc. Class C, and Dario Amodei from Anthropic. All three companies have confirmed their attendance. World leaders have expressed interest in understanding the latest technology and its potential opportunities and risks. A spokesperson for OpenAI stated that the company plans to discuss relevant topics within the G7 framework but did not disclose specific details. Anthropic and Alphabet Inc. Class C, aside from confirming the attendance of their executives, have not outlined their agendas in detail. This meeting marks a rare gathering of top AI lab heads who are usually fierce competitors, coming together to discuss common issues. Strong Q2 earnings reports unable to stop high-level departures, Adobe (ADBE.US) stock falls after earnings. Despite Adobe releasing better-than-expected quarterly earnings and raising its full-year performance guidance after trading hours on Thursday, the stock price fell due to the announcement that Chief Financial Officer Dan Durn will be leaving. This, along with the earlier decision by CEO Shantanu Narayen to step down, has caused unease among investors regarding the company's strategic direction. Adobe stated that CFO Dan Durn will officially leave on June 15th. This news comes just three months after longtime CEO Shantanu Narayen announced his departure. Durn's departure means that Adobe will be simultaneously searching for a new CEO and CFO, leaving a leadership vacuum in the company. Upcoming Important Economic Data and Events 10:00 PM Beijing Time - Preliminary University of Michigan Consumer Sentiment Index for June.