The S&P 500 index turned negative.

[Key Events and Data Preview for This Week: Summer Davos, US Core PCE, Nvidia Shareholders Meeting] 1. Monday: ① Data: China's one-year loan prime rate (LPR) as of June 22; Canada's May CPI month-on-month rate; Eurozone June consumer confidence index (preliminary). ② Events: State Council Information Office holds a press conference on policies and measures related to stabilizing and promoting foreign investment; ECB President Lagarde speaks at the European Parliament. 2. Tuesday: ① Data: France, Germany, and the Eurozone's June manufacturing PMI (preliminary); UK's June manufacturing and services PMI (preliminary); UK's June CBI industrial orders balance; US ADP employment change for the week ending June 6; US June S&P Global Manufacturing PMI (preliminary); US June S&P Global Services PMI (preliminary); US June Richmond Fed Manufacturing Index. ② Events: The 17th Summer Davos Forum will be held in Dalian from June 23rd to 25th; MSCI announces its annual market classification review results, with South Korea expected to be added to the developed market watch list; the 2026 Volcano Engine Conference will be held until June 24th; Bank of Canada Governor Macklem delivers a speech. ③ Holiday: Due to the rollover, NYMEX New York crude oil July futures will complete its last trading session on June 23rd at 2:30 AM, and its last electronic trading session at 5:00 AM. Please pay attention to the exchange's rollover announcements to control risk. Additionally, some trading platforms' US oil contracts typically expire one day earlier than the official NYMEX date; please be aware of this. 3. Wednesday: ① Data: US API and EIA crude oil inventory data for the week ending June 19th; Australia's May unadjusted CPI year-on-year rate; Germany's June IFO Business Climate Index; Switzerland's June ZEW Investor Confidence Index; US Q1 current account; US May new home sales (annualized). ② Events: The 2026 Mobile World Congress Shanghai will be held until June 26; the Bank of Japan will release a summary of the opinions of the deliberation committee members at its June monetary policy meeting. 4. Thursday ① Data: Australia's May seasonally adjusted unemployment rate; Germany's July GfK consumer confidence index; the UK's June CBI retail sales balance; US initial jobless claims for the week ending June 20; US May core PCE price index year-on-year; US May personal spending month-on-month; US Q1 final annualized GDP growth rate; US Q1 final real personal consumption expenditure growth rate; US Q1 final annualized core PCE price index month-on-month; US May durable goods orders month-on-month; US EIA natural gas storage for the week ending June 19. ② Events: Nvidia holds its annual shareholder meeting; the Bank of Canada releases the minutes of its monetary policy meeting; the Federal Reserve releases the results of its annual bank stress tests; Bank of Japan Governor Kazuo Ueda attends a central bank seminar hosted by the International Monetary Fund (IMF); Micron Technology holds its Q3 2026 earnings call; 300 billion yuan of 1-year Medium-term Lending Facility (MLF) and 248 billion yuan of 7-day reverse repos mature today. 5. Friday: ① Data: Final reading of the University of Michigan Consumer Sentiment Index for June; final reading of the 1-year inflation forecast for June. ② Events: Speech by Williams, permanent FOMC voting member and President of the New York Fed; Speech by Goolsby, 2027 FOMC voting member and President of the Chicago Fed; Speech by Kashkari, 2026 FOMC voting member and President of the Minneapolis Fed. ③ Holiday: The National Stock Exchange of India is closed. 6. Saturday: ① Data: Total number of oil rigs in the US for the week ending June 26. 7. Sunday: ① Event: Reserve Bank of Australia Governor Bullock delivers a speech.

ECB President Lagarde said she is confident inflation will return to target through appropriate monetary policy measures.