Next week's major events: US Non-Farm Payrolls, China PMI, Waller to attend ECB Forum, semiconductor "July price hike wave"

Next week's major events: US Non-Farm Payrolls, China PMI, Waller to attend ECB Forum, semiconductor "July price hike wave"

June 28 - July 6 Weekly Major Financial Events Overview, all times Beijing:

Key points for next week:

On the macro policy front, the U.S. June nonfarm payroll report will be released on July 2. If the data exceeds expectations, it may strengthen Fed rate hike expectations, especially against the backdrop of Chairman Waller and the June FOMC minutes releasing hawkish signals. In China, the June official manufacturing PMI will be published on June 30, with the market looking for a slight rebound above the 50 boom/bust line. In addition, the ECB Annual Central Banking Forum will be held in Portugal from June 29 to July 1, featuring key figures like Fed Chair Waller, ECB President Lagarde, and BOE Governor Bailey giving speeches. The market will closely watch whether Waller maintains a hawkish stance — this will be the most important policy indicator before the July nonfarm data.

In the industrial chain, the AI-driven global price surge and Samsung's “4 trillion yuan” investment plan are under close watch. Entering July, over a dozen semiconductor giants—including Murata, Infineon, Texas Instruments, Yangjie Tech—are collectively raising prices, with hikes up to 40%, almost covering all Taiwanese IC design firms and putting pressure across the chain from upstream materials to terminal chips. Samsung Group plans to unveil a ten-year domestic investment plan totaling 1000 trillion won (about 4 trillion RMB) on June 29, the largest in Korean business history, with chip manufacturing as the core direction.

Other events include Nike’s earnings report, the Davos Tech Summit (focusing on physical AI and robotics), and the Shanghai Embodied Intelligence Expo, which will simultaneously serve as catalysts for technology and robotics sectors. Additionally, U.S. President Trump has announced the “biggest Trump rally ever” on July 4 (Independence Day) in Washington, where he will deliver a keynote speech. The U.S.-Iran situation is also worth attention.

Economic indicators

  • U.S. June Nonfarm Payroll Report

The U.S. June nonfarm payroll report will be released July 2. The market expects an increase of 113,000 jobs and a 4.3% unemployment rate. If the jobs and wage data is strong, it will reinforce expectations for Fed rate hikes—Waller and the June FOMC meeting have previously issued hawkish signals. The ADP employment report will also be released July 1.

  • China June Official Manufacturing PMI

China's June official manufacturing PMI will be announced on Tuesday, June 30. May’s PMI was 50.0, down 0.3 points from April. The market expects a slight rise in June. On July 1, the RatingDog manufacturing PMI (more focused on export companies) will also be published.

  • Korea June Export Data & Japan Q2 Tankan Business Sentiment Survey

Korea's June export data will be published July 1. Bloomberg Economics expects 62.5% year-on-year growth, higher than May’s 53.4% and market forecast of 60.7%, mainly driven by AI chip demand—chip exports surged 188.4% for the first 20 days of June.

Additionally, BOJ’s Q2 Tankan business sentiment survey will be released July 1. Market expects the large manufacturers index to remain at 17, above forecasts (16), mainly supported by auto and AI-related demand. Strong data will boost BOJ’s rationale for exiting stimulus.

Financial Events

  • ECB Central Bank Forum in Portugal; speeches by Fed Chair Waller, ECB President Lagarde, etc.

The ECB Central Bank Forum is taking place June 29–July 1 in Portugal, gathering global central bankers to discuss growth acceleration, AI, and financial stability.

Markets will focus on Fed Chair Waller’s speech on the evening of July 1. If Waller maintains a hawkish tone, it will further strengthen expectations for Fed rate hikes.

ECB President Lagarde and BOE Governor Bailey will also speak—the trajectory of global monetary policy will be closely watched.

  • Trump: To deliver keynote speech on July 4

President Trump has announced the “biggest Trump rally ever” on July 4 Independence Day in Washington, at which he will deliver a keynote speech. Trump will also attend a July 3 event at Mount Rushmore.

  • 4 Trillion Yuan Expansion Plan? Samsung to Announce Advanced Industry Investment Plan Exceeding 1000 Trillion Won

According to Maeil Business, Samsung Group will announce at the Blue House on June 29 a ten-year domestic investment plan totaling 1000 trillion won (about $647.53 billion, approx. 4 trillion RMB)—the largest in Korean corporate history, about half the country’s GDP.

Reportedly, this plan may include 300 trillion won for a chip plant in southwest Korea.

With record profits in the semiconductor boom, Samsung aims to maintain tech leadership, find new growth engines, and support government regional development policy.

  • Tesla FSD switches from buyout to subscription model; buyout version removed in HK-Macau-Taiwan after June 30

According to National Business Daily, Tesla recently widely switched FSD (Full Self-Driving) sales to subscription. HK-Macau-Taiwan websites show FSD buyout mode will be removed after June 30, switching to subscription model. No timeline for Mainland China yet.

  • Overnight Reverse Repo debut: PBOC to add overnight reverse repo trading in open market operations

PBOC announced on June 25 that it will add overnight reverse repo products in open market operations on June 29 and June 30, using fixed rates and bid tender. As reported by Shanghai Securities News, China's main open market tool is 7-day reverse repo (like the ECB); it keeps short rates stable. Strengthening control over overnight rates better fits Chinese interbank trading structure.

  • NetEase to switch to dual-primary listing in HKEX from June 30

NetEase announced in an exchange filing that it will become a dual-primary listed company on HKEX from June 30.

  • Smart Driving “Traffic regulations” take effect: The ‘Implementation Safety Protocol for Road Tests & Demonstration of Intelligent Connected Vehicles’

In April 2026, the Ministry of Public Security released the industry standard ‘Implementation Safety Protocol for Road Tests & Demonstration Application of Intelligent Connected Vehicles’ (GA/T 2388-2026), effective from July 1.

Wave of Price Increases in July: Chip Prices Surge!

Entering July, a global AI demand-driven industrial price surge is spreading fast. At least ten leading semiconductor and related companies have announced or pre-notified price increases effective July 1, covering key links from upstream materials to terminal chips.

Murata is raising AI server and automotive-grade MLCC prices 10%–40%; Nippon Sanso’s ammonia gas up more than 30%; MediaTek pre-announced chip price hikes; Infineon and Texas Instruments are raising prices for the second time this year; Yangjie Tech, Leon Micro, and other power semiconductor firms are raising prices 10%–15%. According to The Paper, this round of price hikes covers almost all Taiwanese IC design companies. Bloomberg Economics notes that AI demand is pushing inflation; whether the price hikes can be passed on smoothly and their impact on end demand will be the focus.

Details:

  • Yangjie Tech raising all product prices by 10%-15%

Leading domestic power semiconductor firm Yangjie Tech issued a price adjustment letter, citing sustained price hikes of upstream chip wafers, metals, and packaging raw materials, with cost increases above expectations. From July 1, prices for all product lines will increase by 10%–15%.

  • Murata: AI server & high-end automotive MLCC prices up 10%–40%

Murata announced a price hike: From July 1 onward, prices for AI server and high-end automotive MLCC products will rise 10%–40%.

  • Texas Instruments, Infineon raise prices again

Global power semiconductor provider Infineon told clients and partners it will adjust some product prices from July 1—their second price hike in 2026, following the initial raise in April. Texas Instruments will also raise prices from July 1, covering PMIC and MOSFET products, also the second hike in 2026.

  • Nippon Sanso: ammonia gas prices up over 30%

Nippon Sanso announced that for shipments starting July 2026, ammonia gas prices will rise by over 30% on average.

  • Huada Electronic MCU products price adjustment

Huada Electronic price increase letter: as of July 1, MCU product prices will be adjusted moderately.

  • Leading IC designer MediaTek to raise prices in July

On June 24, leading IC designer MediaTek notified customers to expect price hikes for various chips. According to The Paper, this round covers almost all Taiwanese IC design firms regardless of size. Realtek and Novatek are also planning new price negotiations with clients; Realtek will raise prices on select product lines by over 10% starting July.

  • Storage product costs rise: Hikvision hard disks may increase price

Recently, Hikvision reportedly notified dealers of a price increase for hard disks effective July 1. Hikvision responded to Shanghai Securities News: Global AI computing and data storage demand is growing, and Q3 storage product costs are rising.

  • Efort: All spray robot products prices up 5%–8%

Efort Robot issued a price adjustment letter, citing persistent supply chain tightness, higher core component/raw material/energy/international logistics costs. Prices for all spray robot products, accessories, software, and workstation solutions will rise 5%–8% from July 1.

  • CCL giants like Kingboard plan price hikes of 10%–15%

On June 16, leading copper-clad laminate producer Kingboard Laminates announced—due to high copper prices, surging glass cloth prices, and tight supply—that they’d issue a 15% price increase for all FR-4/PP products on new orders. Reports say Shengyi plans further price hikes in July; Nan Ya also intends further increases.

  • Panasonic to raise SP-Cap capacitor prices by 5%–30% in July

Panasonic will increase SP-Cap capacitor prices by 5%–30% in July.

  • Leon Micro, Extreme Semiconductor price hikes

Extreme Semiconductor announced a price adjustment: selected products will increase in price effective July 1, 2026, citing significantly higher upstream raw material costs, wafer foundry, and packaging/testing costs weighing on the supply chain. Leon Micro notified customers of a 10%–15% price hike for all power chip products from June 15. For its silicon wafer business, Leon Micro’s subsidiary Jinruihong will raise prices by 10%–15% from July 1 due to upstream cost increases.

  • Youtai Semiconductor to raise all product prices 15%-30% from July 1, 2026

Youtai Semiconductor issued a price hike notice: all products will see 15%-30% increases from July 1, 2026.

Industry Summits

  • Davos Tech Summit 2026 opens

The Davos Tech Summit 2026 will be held at Davos Congress Centre, Switzerland, July 1–4, focused on “Physical AI & Robotics”. There will be live demos of 30+ humanoid/quadruped/drones worldwide; lectures by Nvidia, ETH Zurich, and others; full-city “Robot City” scene rollouts.

  • 2026 Beijing Space Computing Conference held June 29–30

The 2026 Beijing Space Computing Conference will be held June 29–30 in Haidian, with the inauguration of “Beijing Space Computing Industry Innovation Center,” and formation of an expert committee and industry innovation alliance.

  • 2026 China Intelligent Computing Industry Ecosystem Annual Conference—focuses on GW-level Token Factory construction

The 2026 China Intelligent Computing Industry Ecosystem Annual Conference will be held June 30 in Shenzhen, focusing on GW-level Token Factory, the next-generation core for computing power.

  • OPEC+ meeting

OPEC says seven OPEC+ members will hold their next meeting July 5.

  • Shanghai International Embodied Intelligence Industry Expo Opens

July 2–4, the 2026 Shanghai International Embodied Intelligence Industry Expo will be held in Shanghai.

  • Munich Shanghai Electronics Show

Major event for the electronics industry—the Munich Shanghai Electronics Show (electronica Shanghai)—will take place July 1–3 at Shanghai New International Expo Center: focuses include AI chips, automotive electronics, advanced packaging, and power semiconductors.

  • Global OPC Co-Creation Festival held in Beijing

According to Beijing IMEI, as part of the 2026 Global Digital Economy Conference, the Global OPC Co-Creation Festival will be held July 1–4 at Beijing National Convention Center—a real party for AI creators, to move beyond one-way exhibitions, so AI can truly be made, played with, and applied.

Earnings Reports

In the coming week, U.S. and HK earnings season enters a lull, but major companies will still report. Sportswear giant Nike will release Q4 fiscal 2026 results after the market on June 30. Also, South African media and internet investment giant Naspers and subsidiary Prosus will report earnings next week.

For A-shares, Shanghai Stock Exchange’s website shows CSSC Special Gas will release its semiannual report on July 18, the first Shanghai-listed company to disclose 2026 interim earnings.

Recently, many companies have pre-announced sharp profit increases—especially among chemicals, tech, and lithium battery leaders. Analysts believe that as the interim reporting window approaches, market rotation will shift back from thematic trading to earnings validation, with growth sectors remaining the main investment focus.

Risk Warning and DisclaimerThe market has risks, and investment needs caution. This article does not constitute personal investment advice and does not take into account the unique investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions herein fit their specific situation. Investing accordingly is at your own risk.