What to Expect in the Week Ahead (CPI, PPI, SpaceX IPO)

• May CPI May Show Inflation Peaking as Core Pressure Eases.

• SpaceX IPO Shares Expected to Launch June 12 at $135 Per Share.

• 2026 FIFA World Cup Kicks Off June 11.

Earnings & Economic Calenda

Week overview

The coming week's key data include trade figures, CPI, PPI and consumer sentiment. May's strong jobs report has revived rate-hike bets, but CPI may tell a more nuanced story: headline inflation could be hot, while core CPI may stay subdued, suggesting the inflation wave is near a turning point. Still, rising fuel, freight and input costs may keep upstream inflation pressures alive.

Monday (June 8)

No major economic data or notable earnings reports are scheduled for today.

Tuesday (June 9)

Existing home sales are expected to rise to 4.06 million in May, up 1.1% month over month, supported by stronger mortgage applications and contract signings. However, rising cancellations and weaker buying conditions may limit the rebound.

Wednesday (June 10)

$Oracle (ORCL.US)$ will report fiscal Q4 2026 earnings after Wednesday’s close, with Wall Street expecting revenue of about $19.1 billion, up roughly 20% year over year, and adjusted EPS of around $1.96. Investors will focus on whether AI demand can keep driving OCI growth, expand Oracle’s AI-related backlog, and offset concerns over customer concentration and rising data-center debt.

Macro: May CPI will be the week's key data point. BI expects headline CPI to rise 0.4% month over month and 4.1% year over year, driven mainly by higher gasoline prices. However, core CPI is expected to slow to 0.2%, suggesting underlying inflation remains subdued and keeping the case for a 25-basis-point Fed rate cut this year alive.

Thursday (June 11)
$Adobe (ADBE.US)$ will report fiscal Q2 results after the close on June 11, with investors focused on whether generative AI can translate into sustainable revenue and drive continued Digital Media ARR growth. Markets expect revenue of about $6.46 billion and adjusted EPS of roughly $5.83, after Adobe beat expectations on both revenue and earnings last quarter.

Macro: May PPI is expected to remain hot, with headline prices rising 0.8% month over month and 6.5% year over year. Core PPI is seen up 0.5%, bringing the annual rate to 5.4%, as higher fuel, materials and transportation costs continue to build upstream inflation pressure. Some PPI components may also add modest pressure to May PCE inflation.

Friday (June 12)

$SpaceX (SPCX.US)$ are expected to be released on June 12 at a valuation of $135 per share. The company plans to sell 555.6 million shares, potentially raising about $75 billion from the sale.

Marco: The preliminary University of Michigan consumer sentiment reading is expected to rebound slightly to 46.5 in June, after falling to a record low in May. Other confidence gauges showed milder weakness, suggesting the Michigan survey may have overstated the deterioration. Still, consumer spending appears uneven, with activity diverging across income groups.

Heat List

U.S. stocks snapped a nine-week winning streak in the week of June 1–5, as a stronger-than-expected May jobs report reignited rate-hike concerns and triggered a sharp Friday selloff. For the week, the S&P 500 fell 2.6%, the Nasdaq dropped 4.7%, the Dow slipped 0.3%, and the Russell 2000 lost 2.9%.

Last week, the most actively traded stocks in the US market included $Marvell Technology (MRVL.US)$, $Liftoff Mobile (LFTO.US)$, $Tesla (TSLA.US)$, $NVIDIA (NVDA.US)$, $Broadcom (AVGO.US)$ and $Micron Technology (MU.US)$ etc.

$Marvell Technology (MRVL.US)$ surged 28.52% for the week to lead the heat list, fueled by Nvidia CEO Jensen Huang's praise of Marvell as a potential “next trillion-dollar company” and its upcoming inclusion in the S&P 500.

$Liftoff Mobile (LFTO.US)$ jumped 16.87% after its Nasdaq debut, as the Blackstone-backed mobile advertising firm priced its IPO above the marketed range, signaling renewed investor appetite for new tech listings.

On the downside, $Broadcom (AVGO.US)$ fell 13.66% as its AI-chip outlook failed to meet investors' high expectations, triggering a broader semiconductor selloff. $Micron Technology (MU.US)$ dropped 11.02%, pressured by profit-taking in memory names and concerns that upstream AI-hardware momentum may have become too crowded.

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