This Week’s Key Events Preview: U.S. core employment data release, SpaceX’s first earnings report plus the largest lock-up expiration in its history, and another wave of tech stock earnings reports.

Earlier this week, Trump reassured market risk assets by announcing plans to hold talks with Iran and suspend strikes. However, Asian-Pacific equities opened lower and trended downward on Monday, failing to respond positively, as markets remain in an adjustment cycle. This week will bring a flurry of macroeconomic data and corporate earnings reports, with the market’s focus squarely on Friday’s U.S. July non-farm payrolls report—the first full employment data since the Federal Reserve held rates steady in July, which will directly shape market pricing for the September interest rate path. Meanwhile, SpaceX is set to release its first earnings report since going public, and two days later, it will face the largest single-stock lock-up expiration in U.S. stock market history (approximately 911.5 million shares), putting severe liquidity pressure on the market. Key events this week: Monday: Earnings reports from U.S. stocks including Palantir and ON Semiconductor; Tuesday: U.S. June JOLTs job openings, factory orders, trade balance, SpaceX’s first post-IPO earnings, AMD earnings; Wednesday: U.S. July ADP employment, ISM non-manufacturing PMI, earnings from SanDisk, Western Digital, Circle, and Eli Lilly; Thursday: U.S. initial jobless claims for the week ended August 1, Challenger job cuts; SpaceX’s first batch of restricted shares lock-up expiration (up to ~911.5 million shares, potential value nearly $100 billion); Friday: U.S. July non-farm payrolls, unemployment rate; Fed officials Loretta Mester and Thomas Barkin to deliver speeches.