This week's macro outlook: US-Iran talks dominate market sentiment, macro and micro data drive market rationality

BlockBeats reports that on June 22, the market this week will mainly focus on the progress of the US-Iran talks and their subsequent impact. On Monday morning, news of the US-Iran "talks breaking down" triggered a wave of panic in the market. Afterwards, stocks like SK Hynix narrowed their losses after opening, and the panic eased. It is foreseeable that the main focus of the market this week will continue to be the US-Iran negotiations and the evolving situation thereafter. On the other hand, US PCE data and earnings reports from AI star stocks such as Micron will influence rational analysis of the AI investment boom.

At 04:00 on Thursday, the Federal Reserve will release the results of the annual bank stress tests;

At 20:30 on Thursday, US initial jobless claims for the week ending June 20, US core PCE price index year-on-year for May, US personal spending month-on-month for May, the final value of US real GDP annualized quarter-on-quarter for Q1, preliminary value of US real personal consumption expenditures quarter-on-quarter for Q1, final value of US real personal consumption expenditures quarter-on-quarter for Q1, final value of US core PCE price index annualized quarter-on-quarter for Q1, US core PCE price index month-on-month for May, and US durable goods orders month-on-month for May;

At 03:40 on Friday, FOMC permanent voting member and New York Fed President Williams will deliver a speech;

At 06:30 on Friday, 2027 FOMC voting member and Chicago Fed President Goolsbee will deliver a speech;

At 23:30 on Friday, 2026 FOMC voting member and Minneapolis Fed President Kashkari will deliver a speech.

The recently listed "NVIDIA challenger" Cerebras Systems (CBRS) plans to release its Q1 earnings after the close of US markets on June 23, 2026 (Tuesday). The market will focus on this chip upstart's first financial report post-listing. The market expects the company to post a Q1 loss of $0.14 per share, with a backlog of $25 billion in orders for support, but faces high valuation and execution risks.

Memory chip manufacturer Micron (MU) will release its quarterly earnings after the US market closes on June 24 (Wednesday), which will be a key indicator of chip demand momentum. The market will use this to gauge whether demand is still accelerating. The company guidance is revenue of $33.5 billion and a gross margin of about 81%.