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SpaceX IPO latest: Polymarket traders expect the opening print to land in the $150โ$200 range. The odds imply a 69% probability the IPO closes day one above a $2 trln market cap which is a 13% pop from the IPO price. Only 5 US companies in have ever crossed $2 trillion: Nvidia, Apple, Microsoft, Alphabet and Amazon. SpaceX could join the club in a single afternoon.
*Not an investment advice. Trading carries risk.
Markets on Friday:
The London session opened with the week's final key data release, as UK three-month GDP growth came in at around 0.7%.
๐ Markets are now turning their attention to geopolitical developments and speculation around a potential SpaceX IPO.
๐ Stay tuned for live news coverage during the day!
*Not an investment advice. Trading carries risk.
UPDATE: Geopolitics: Trump has claimed officially for the 39th time (yes, somebody's counting) that a deal with Iran is on the verge of being signed and J.D. Vance is preparing to fly to Geneva to sign it. Iran hasn't confirmed, but with a looming SpaceX IPO, stock markets are preparing for another volatile session.ย
*Not an investment advice. Trading carries risk.
SpaceX is going public.
From 12 June, Scope Markets clients will be able to trade the SpaceX IPO as a CFD under ticker SPCXUS.
Access the opportunity from day one with up to 1:10 leverage.
Ready when the market opens!
UPDATE: Gold trimmed its rebound near $4,100 but remained above its lowest level since Nov. 2025. Softer US Core CPI eased fears of accelerating inflation, pressuring the USD and triggering modest short-covering in the precious metal.
*Not an investment advice. Trading carries risk.
๐ Markets on Thursday:
Following yesterdayโs data showing U.S CPI inflation rising above 4%, markets are now focused on U.S PPI figures due later today, alongside an expected interest rate hike from the ECB.
๐ Stay tuned for live news coverage during the day!
*Not an investment advice. Trading carries risk.
๐ Markets on Wednesday:
The biggest day of the week, with markets focused on the upcoming U.S inflation data for May and the Bank of Canadaโs interest rate decision. Both releases are expected to play a key role in shaping expectations for monetary policy and near-term market direction.
๐ Stay tuned for live news coverage during the day!
*Not an investment advice. Trading carries risk.
๐ Markets on Tuesday:
A light economic calendar lies ahead, with the U.S Balance of Trade and Existing Home Sales reports set to be the key data releases during the U.S session.
๐ Stay tuned for live news coverage during the day!
*Not an investment advice. Trading carries risk.
JUST IN: Geopolitics: Iran's armed forces announce an end of military strikes against Israel, warning that if Israel resumes attacks on Lebanon, response will be harsher states Iranian Fars News agency.
Equity futures spike higher on the news, WTI oil testing $92.๐
*Not an investment advice. Trading carries risk.
๐ Markets on Monday:
The beginning of a week that sees key events including the latest U.S inflation data, the ECB's rate decision, and continued focus on geopolitical updates.
๐ Oil prices opened higher today, despite what is expected to be a fairly quiet day on the economic calendar.
๐ Stay tuned for live news coverage during the day!
*Not an investment advice. Trading carries risk.
UPDATE: Equities start on a solid footing despite geopolitical tensions, as news about the SpaceX IPO being two times oversubscribed, signals to markets that Friday's selloff might've been related to capital raises for largest IPO ever on Friday, June 12th.ย
*Not an investment advice. Trading carries risk.
JUST IN: ๐ข Iranian media reports about blasts heard in Tehran, allegedly related to energy infrastructure, threats of retaliation against Gulf countries oil facilities looming, as the ceasefire now looks completely broken. WTI at 95$ with $97 a major resistance.
*Not an investment advice. Trading carries risk.
GOLD Update: A week of tight ranges, prices holding within roughly $100.
Strong support at $4425-30, with a break targeting $4400. Upside capped at $4510-15, with tight stops above extending to the $4440-50 area.
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*Not an investment advice. Trading carries risk.
๐ Markets on Friday:
Markets head into the final trading day of the week with all eyes on the U.S NFP report and labor market data.
๐ Expectations point to a modest improvement in employment conditions, with investors watching closely for signals on the economy.
๐ Stay tuned for live news coverage during the day!
*Not an investment advice. Trading carries risk.