Finance

Nonfarm payrolls grew by 172,000 in May, nearly double the consensus estimate, suggesting the labor market remains robust despite high borrowing costs. This sustained strength has led some analysts to predict the Federal Reserve could implement successive rate hikes in 2026 rather than the previously anticipated cuts.

The cryptocurrency market saw Bitcoin dip below the $60,000 psychological threshold over the weekend before rebounding to approximately $63,000 on Monday morning. Renewed buying activity from major institutional holders has helped soothe market nerves following a week of heavy outflows toward artificial intelligence investments.

Brent crude prices fluctuated near $94 a barrel as markets responded to an exchange of missile strikes between Israel and Iran. While energy costs spiked initially, prices moderated slightly following indications from regional military forces that they might pause offensive operations.