Good news from the Middle East! Trump says a U.S.-Iran deal is largely finalized
Weekly Outlook | Tensions Rise in the Middle East! Trump Issues 48-Hour Ultimatum; 'Super Earnings Week' Sees Meituan, PDD Holdings, and Xiaomi Take Center Stage; Boao Forum and Zhongguan Village Forum Kick Off
In the coming week, global markets will enter a 'tug-of-war' mode. Geopolitically, Trump's 48-hour ultimatum to Iran is approaching, and whether or not the Strait of Hormuz will be blocked will directly define energy costs and inflation expectations. In terms of earnings reports, Hong Kong and US stocks are entering a 'Super Internet Week', with giants like Meituan, PDD Holdings, and Xiaomi set to release their results simultaneously.
Key Schedule Highlights
– Geopolitical games trigger an 'energy storm', challenging inflation expectations once again
Currently, the conflict in the Middle East continues, remaining the core variable that stirs global markets. According to reports, US President Trump issued a 48-hour ultimatum via social media demanding that Iran fully open the Strait of Hormuz, otherwise it will strike Iran's largest power plant.
The Strait of Hormuz carries about 20% of the world's seaborne oil trade. If the blockade persists, Brent crude prices may remain above $100 per barrel, further increasing the risk of secondary global inflation.
The market has largely ruled out the possibility of a Fed rate cut this year,with traders even beginning to price in the risk of a rate hike.Next Tuesday’s Japanese CPI data and Wednesday’s Bank of Japan meeting minutes will serve as important indicators, with attention on whether geopolitical pressure forces the Bank of Japan to turn hawkish earlier than expected.
– A super earnings week kicks off, with tech giants and new consumer-focused stocks set to deliver their financial results.
Next week, major US-listed Chinese tech companies will deliver their 2025 earnings reports. The market is focusing on AI commercialization progress, overseas expansion, and profit margins amid existing competition.
Tuesday$XIAOMI-W (01810.HK)$: Market attention will focus on Xiaomi Auto's gross margin performance and its plans for new models in 2026, as well as the changes in market share for premium smartphones globally.
Wednesday$PDD Holdings (PDD.US)$: PDD Holdings' narrowing losses in cross-border business and Kuaishou’s growth in e-commerce closed-loop operations are expected to be highlights of their earnings reports.
Thursday$MEITUAN-W (03690.HK)$: The market will watch closely for defensive costs related to competition in local services and the breakeven point for instant retail operations.
In addition, Hong Kong-listed stocks are set to release a flurry of earnings reports, with key focus on$LAOPU GOLD (06181.HK)$ 、 $POP MART (09992.HK)$ 、 $MIXUE GROUP (02097.HK)$ 、 $GUMING (01364.HK)$new consumer companies such as Pop Mart.
– Economic and technology forums are sending strong industry signals
The China Development Forum kicks off this weekend, followed by the Boao Forum for Asia from March 24 to 27. Against the backdrop of rising global geopolitical and trade uncertainties, discussions on regional cooperation, industrial upgrading, and cross-border capital flows are expected to attract significant market attention.
In the tech industry, the Zhongguancun Forum Annual Meeting and SEMICON China are being held consecutively. The former covers cutting-edge areas such as 6G, brain-computer interfaces, and cell and gene therapy, while the latter serves as a comprehensive showcase for the broader semiconductor supply chain, including chip design, manufacturing, testing, packaging, equipment, materials, displays, and photovoltaics.
The Boao Forum for Asia opens on Tuesday with the theme 'Shaping a Shared Future.' Significant policy signals related to green and low-carbon initiatives, digital intelligence-driven organization of the forum, and regional cooperation are anticipated.
The Zhongguancun Forum begins on Wednesday, focusing on 'Deep Integration of Technological Innovation and Industrial Innovation,' with core parallel forum keywords including 6G, brain-computer interfaces, and embodied intelligence.
Key earnings calendar for the new week
![In the coming week, global markets will enter a 'tug-of-war' mode. Geopolitically, Trump's 48-hour ultimatum to Iran is approaching, and whether or not the Strait of Hormuz will be blocked will directly define energy costs and inflation expectations. In terms of earnings reports, Hong Kong and US stocks are entering a 'Super Internet Week', with giants like Meituan, PDD Holdings, and Xiaomi set to release their results simultaneously. Key Schedule Highlights – Geopolitical games trigger an 'energy storm', challenging inflation expectations once again Currently, the conflict in the Middle East continues, remaining the core variable that stirs global markets. According to reports, US President Trump issued a 48-hour ultimatum via social media demanding that Iran fully open the Strait of Hormuz, otherwise it will strike Iran's largest power plant. Further Reading:[Share Link: Tone shifts again! Trump gives Iran 48 hours to open the Strait of Hormuz, threatening to destroy its power plants] The Strait of Hormuz carries about 20% of the world's seaborne oil trade. If the blockade persists, Brent crude prices may remain above $100 per barrel, further increasing the risk of secondary global inflation. The market has largely ruled out the possibility of a Fed rate cut this year,with traders even beginning to price in the risk of a rate hike.Next Tuesday’s Japanese CPI data and Wednesday’s Bank of Japan meeting minutes will serve as important indicators, with attention on whether geopolitical pressure forces the Bank of Japan to turn hawkish earlier than expected. – A super earnings week kicks off, with tech giants and new consumer-focused stocks set to deliver their financial results. Next week, Hong Kong and US stocks...](https://nnqimage.futunn.com/sns_client_feed/900104/20260322/web-1774169642725-Hh0lcHFkNF.jpeg/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
Monday (March 23)
Keywords: Progress in the Middle East situation, Trump’s 48-hour ultimatum deadline
On the geopolitical front, Trump issued a demand over the weekend that Iran fully restore navigation through the Strait of Hormuz within 48 hours or face strikes on its power infrastructure. For global markets, Monday’s focus will be on whether navigation through the Strait of Hormuz resumes, whether tankers begin passing through again in higher volumes, and whether the US and its allies make further military or escort moves.
Huawei's official reservation page shows that the product launch event is scheduled for 14:30 on March 23. The market is closely watching how the new product lineup will boost sentiment across consumer electronics, the HarmonyOS ecosystem, and smart vehicle-related concepts.
In terms of earnings, $WUXI APPTEC (02359.HK)$ 、 $LAOPU GOLD (06181.HK)$ 、 $SANHUA (02050.HK)$ 、 $WERIDE-W (00800.HK)$ Several Hong Kong stocks will release earnings reports. In addition, the US $Lithium Argentina AG (LAR.US)$ will announce its earnings before the US stock market opens.
Tuesday (March 24)
Keywords: Boao Forum opening, Xiaomi earnings report, Japan's February CPI
The Boao Forum for Asia Annual Conference 2026 will be held in Hainan from March 24 to 27 with the theme 'Shaping a Shared Future: New Situations, New Opportunities, New Cooperation'.
In terms of economic data,Japan's February CPI will be released at 7:30, and the Eurozone's preliminary March PMI will be released at 17:00.
On the earnings front,$XIAOMI-W (01810.HK)$、 $WUXI BIO (02269.HK)$、 $MIXUE GROUP (02097.HK)$、 $NONGFU SPRING (09633.HK)$、 $SENSETIME-W (00020.HK)$、 $HAIDILAO (06862.HK)$ Some Hong Kong stocks will announce earnings reports, in addition, US stocks $Hesai (HSAI.US)$ Will announce earnings before the US stock market opens. $GameStop (GME.US)$ Will announce earnings after the US stock market closes.
Wednesday (March 25)
Keywords: PDD Holdings, Kuaishou earnings reports, US EIA crude oil inventory
In terms of economic data,The US EIA crude oil inventory for the week ending March 20 will be announced at 22:30.
In terms of financial events,The 2026 Zhongguancun Forum Annual Meeting will kick off in Beijing with the theme 'Deep Integration of Technological Innovation and Industrial Innovation.' SEMICON China 2026 will also take place in Shanghai. The former focuses more on policy, cutting-edge technology, and industrial implementation, while the latter is an important industry benchmark for the semiconductor design, manufacturing, testing, equipment, and materials supply chain.
In terms of earnings, $KUAISHOU-W (01024.HK)$ 、 $POP MART (09992.HK)$ 、 $KINGSOFT (03888.HK)$ Hong Kong stocks will announce earnings reports, in addition, US stocks $PDD Holdings (PDD.US)$ 、$Ondas (ONDS.US)$ , will release earnings before the US market opens, $Beyond Meat (BYND.US)$ Will announce earnings after the US stock market closes.
Thursday (March 26)
Keywords: Meituan earnings report, G7 Foreign Ministers' Meeting, US initial jobless claims
In terms of economic data,The weekly initial jobless claims report will be released at 8:30 PM. This is one of the most timely high-frequency indicators of the US labor market.
In terms of financial events,The G7 Foreign Ministers' Meeting will be held from March 26 to 27. Amid escalating tensions over Iran and the Strait of Hormuz, statements from the G7 regarding energy supply, maritime channel security, and regional dynamics
In terms of earnings, $MEITUAN-W (03690.HK)$、 $CHINA MOBILE (00941.HK)$、 $CNOOC (00883.HK)$、 $BYD COMPANY (01211.HK)$ Some Hong Kong stocks will announce earnings reports, in addition, US stocks $Pony AI (PONY.US)$ will announce its earnings before the US stock market opens.
Friday (March 27)
Keywords: Changfei Fiber Optic Cable/BYD Electronics earnings report
In terms of economic data,China's industrial profit data for large enterprises from January to February will be released at 9:30 AM.
In terms of earnings, $YOFC (06869.HK)$ 、 $ICBC (01398.HK)$ 、 $CCB (00939.HK)$ 、 $BYD ELECTRONIC (00285.HK)$ 、 $PETROCHINA (00857.HK)$ 、 $GOLDWIND (02208.HK)$ Hong Kong-listed companies such as [company names] will announce earnings reports.
Stay ahead with key financial events and discover investment opportunities early! Open Futubull > Market > US Stocks >Economic Calendar/Selected macroeconomic data, seize the investment opportunity!![In the coming week, global markets will enter a 'tug-of-war' mode. Geopolitically, Trump's 48-hour ultimatum to Iran is approaching, and whether or not the Strait of Hormuz will be blocked will directly define energy costs and inflation expectations. In terms of earnings reports, Hong Kong and US stocks are entering a 'Super Internet Week', with giants like Meituan, PDD Holdings, and Xiaomi set to release their results simultaneously. Key Schedule Highlights – Geopolitical games trigger an 'energy storm', challenging inflation expectations once again Currently, the conflict in the Middle East continues, remaining the core variable that stirs global markets. According to reports, US President Trump issued a 48-hour ultimatum via social media demanding that Iran fully open the Strait of Hormuz, otherwise it will strike Iran's largest power plant. Further Reading:[Share Link: Tone shifts again! Trump gives Iran 48 hours to open the Strait of Hormuz, threatening to destroy its power plants] The Strait of Hormuz carries about 20% of the world's seaborne oil trade. If the blockade persists, Brent crude prices may remain above $100 per barrel, further increasing the risk of secondary global inflation. The market has largely ruled out the possibility of a Fed rate cut this year,with traders even beginning to price in the risk of a rate hike.Next Tuesday’s Japanese CPI data and Wednesday’s Bank of Japan meeting minutes will serve as important indicators, with attention on whether geopolitical pressure forces the Bank of Japan to turn hawkish earlier than expected. – A super earnings week kicks off, with tech giants and new consumer-focused stocks set to deliver their financial results. Next week, Hong Kong and US stocks...](https://nnqimage.futunn.com/sns_client_feed/900104/20260322/web-1774169642664-F1vOXaxksR.webp/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
A new week begins, wishing all fellow investors successful investments!Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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