Key facts
- Nasdaq 100 futures fell due to Broadcom's weak sales growth forecast.
- JPMorgan CEO Jamie Dimon will pitch SpaceX's IPO to wealthy clients.
- SpaceX aims for a $1.75 trillion valuation in its expected June 12 Nasdaq debut.
- Blackstone's private credit fund has limited redemptions for the first time.
- The European Central Bank is expected to hike rates by 25 basis points on Thursday.
- OPEC+ ministers are expected to agree on a July output target hike.
- China will release key economic data including trade, CPI, PPI, and lending figures.
Nasdaq 100 futures declined as Broadcom's sales growth forecast failed to meet investor expectations, potentially signaling a reality check for the AI-driven rally. JPMorgan Chase CEO Jamie Dimon will lead a nationwide pitch for SpaceX's initial public offering to thousands of the bank's wealthiest clients, highlighting the firm's extensive branch network to secure the deal. SpaceX's Nasdaq debut is expected on June 12, with plans to raise $75 billion and aim for a $1.75 trillion valuation. The listing is anticipated to be followed by IPOs from AI giants OpenAI and Anthropic. The European Central Bank is expected to implement a 25-basis-point rate hike on Thursday, marking the first increase among major central banks since the Iran war. OPEC+ ministers are expected to agree on a July output target hike, despite ongoing volatility in oil prices due to the Iran war. China will release key economic data, including trade figures, consumer and producer price inflation, and lending data, providing insights into its economic health amidst global uncertainties.