BlockBeats News, August 3rd. Early this week, Trump reassured the market by showing willingness to negotiate with Iran and suspending strikes. However, the Asia-Pacific stock market was not convinced, opening lower on Monday and continuing to slide, indicating that the market is still in a correction phase. This week, a slew of macro data and corporate earnings reports will be released. The market's focus will be on the U.S. July non-farm payroll report released on Friday, which is the first full employment data since the Fed held steady in July, directly impacting the market's pricing of the September rate path.

Meanwhile, SpaceX is about to release its first financial report after going public, and two days after the report, it will face the largest single-stock unlock in U.S. stock market history (about 9.115 billion shares), posing significant liquidity pressure on the market.

The key events for the week are as follows:

Monday, U.S. stock earnings reports including Palantir and AMD;

Tuesday, U.S. June JOLTs job openings, factory orders, trade balance, SpaceX's first financial report after going public, and AMD earnings report;

Wednesday, U.S. July ADP employment numbers, ISM non-manufacturing PMI, reports from SanDisk, Western Digital, Circle, and Eli Lilly;

Thursday, U.S. initial jobless claims up to August 1st, Challenger job-cut announcements; SpaceX's first batch of restricted stock unlocking (up to about 9.115 billion shares, with a potential value of nearly a trillion dollars);

Friday, U.S. July non-farm payrolls, unemployment rate; Fed officials Mester and Barkin will give speeches.