This week's macro hotspots: Strong non-farm payrolls boost interest rate hike expectations, with U.S. tech stocks losing over $1 trillion in a single day

Mars Finance News, June 6 — The U.S. added 172k non-farm jobs in May, significantly exceeding market expectations of 85k, prompting the market to reprice the Federal Reserve's policy path. The probability of a December rate hike rose to 63%, with multiple Fed officials signaling a hawkish stance. As a result, the dollar index returned above 100, gold prices fell for the fourth consecutive week, and U.S. tech stocks suffered a heavy sell-off 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 unfreezing issues. Iran warned that if conflicts escalate, the scope of strikes will expand. The Hormuz Strait management draft has entered the review stage, and Lebanon’s situation continues to heat up.
In the capital markets, SpaceX announced it will list on Nasdaq on June 12, with an offering price of $135, aiming to raise $75 billion, with a valuation close to $1.8 trillion. However, the S&P 500 index refused to include the stock quickly, requiring at least 12 months of trading history and four consecutive quarters of GAAP profits.
On the regulatory front, Futu, Tiger International, and Changqiao Securities announced that starting June 12, they will suspend new buy-in and fund transfer services for existing clients in mainland China, retaining only position management and sell functions to comply with industry rectification requirements. The Bank of Japan signaled a strong rate hike stance, with markets expecting its policy rate to be raised to 1% at the June meeting, the highest since 1995. The overnight swap market shows the probability of a rate hike has exceeded 80%.
According to the World Gold Council, global central banks resumed net gold purchases in April. The People's Bank of China increased its holdings by 8 tons that month, marking the 18th consecutive month of net gold accumulation. Poland’s central bank led the world with a gold purchase of 14 tons.
In technology, Alphabet announced an increase in its funding scale from $80 billion to $84.75 billion to accelerate AI infrastructure development. Berkshire Hathaway participated in a $10 billion targeted issuance. NVIDIA CEO Jensen Huang announced the launch of the RTX Spark superchip at COMPUTEX 2026, stating that “PC is experiencing its first transformation in 40 years,” fully betting on the era of Windows AI PCs and agent-based AI.
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