Finance

The latest Labor Bureau report showed a significant miss in job creation, with only 57,000 new positions added in June compared to expectations of 115,000. This disappointing growth has led market participants to lower the probability of a potential interest rate hike in September. Federal Reserve Chair Kevin Warsh indicated that while inflation risks are softening, officials will continue to debate future moves behind closed doors at the end of the month.

U.S. Treasury yields experienced volatility this week, with the 10-year note stabilizing around 4.45% and the 2-year note dropping to 4.13% following soft economic data. Investors are balancing domestic labor trends against persistent inflation concerns driven by energy shocks from the ongoing conflict with Iran. Despite the recent dip in yields, many strategists remain divided on the long-term path as markets price in structural shifts in the global economy.

Digital assets saw a strong recovery over the holiday weekend, with Bitcoin climbing above $62,000 after a period of intense selling pressure in June. Ethereum and other major tokens followed suit, gaining as much as 5% as investors reacted positively to the prospect of a less aggressive Federal Reserve. However, the sector remains wary of massive capital outflows from spot ETFs, which have tested the market's resilience in recent months.