BlockBeats News, May 31st: Regarding the US-Iran ceasefire agreement and the Strait of Hormuz opening issue, Trump stated that the agreement is close to being reached and demanded that Iran abandon its nuclear weapons capability and open the Strait of Hormuz; however, Iran denied having approved the final agreement text and emphasized that there are still differences in related arrangements. US Secretary of Defense Haggerty warned that if the negotiations fail, the US is prepared to resume military action against Iran. If both the US and Iran can further confirm a ceasefire extension or reach a phase one agreement next week, risk assets may continue to benefit, while oil prices and safe-haven assets may face new directional choices.

On a macro level, next week the US will see key economic data such as May seasonally adjusted non-farm payrolls and the May unemployment rate. At the same time, several Federal Reserve officials will speak, and the market will further assess the balance between the US economic slowdown and inflation pressures, as well as changes in the future interest rate path. The key events are as follows:

Monday 11:00, NVIDIA GTC Taipei 2026 Conference opens, with Jensen Huang delivering a keynote speech. Tuesday 13:50, 2026 FOMC Voter and Minneapolis Fed President Kashkari will speak; 20:30, 2026 FOMC Voter and Cleveland Fed President Hammack will speak on monetary policy; 22:00, US April JOLTs Job Openings; Wednesday 20:15, US May ADP Employment Change; 22:00, US May ISM Non-Manufacturing PMI; Thursday 02:00, Federal Reserve releases Beige Book; 20:30, US Initial Jobless Claims up to the week ending May 30; Friday 01:10, San Francisco Fed President Daly will speak; 20:30, US May seasonally adjusted non-farm payrolls and US May unemployment rate.

Meanwhile, AI remains a core theme driving the rise of global risk assets. As the corporate earnings season draws to a close, the market will continue to focus on the performance of companies such as CrowdStrike, Palo Alto Networks, Broadcom, etc., to observe whether the AI investment frenzy can continue to spread to more industries. After the US stock market ended May at historical highs, the market will also face the traditional "June Curse" test. In a midterm election year, June is historically the worst performing month for the US stock market, and investors generally expect the market to enter a short-term consolidation phase.