Finance

June's nonfarm payroll report showed the U.S. economy added only 57,000 jobs, significantly missing the consensus forecast of 115,000. This softer-than-expected data has led market participants to lower the probability of a Federal Reserve rate hike in the coming weeks. Analysts suggest the cooling employment landscape provides the central bank with more leeway to maintain current policy rates through the summer.

U.S. Treasury yields experienced a downward shift at the front end of the curve following the release of recent labor statistics. The 2-year note yield eased to approximately 4.14%, while the benchmark 10-year yield finished near 4.49%. The yield curve remains upward-sloping, indicating a cautious growth outlook combined with expectations for persistent, though stable, inflation levels.

Digital assets saw a positive start to July, with Bitcoin rising 2.5% to trade above $61,000. Ethereum also posted strong gains, climbing over 5% as lower-than-anticipated job numbers improved the outlook for risk-sensitive assets. This rebound follows a volatile June, with current momentum supported by consistent inflows into spot exchange-traded funds and shifting Federal Reserve signals.