Finance

U.S. employers added 57,000 jobs in June, a figure that significantly trailed economist expectations of 100,000 and represented a sharp decline from May's hiring pace. This cooling of the labor market has led many traders to believe the Federal Reserve may delay further interest rate hikes, though market pricing still suggests a significant probability of a move in September.

The 10-year U.S. Treasury yield held steady around 4.48% as investors balanced cooling employment data against persistent inflation concerns. Despite the soft jobs report, intermediate and long-term yields remain elevated compared to previous years, reflecting a 'higher for longer' sentiment from newly appointed Fed Chair Kevin Warsh.

Bitcoin reclaimed the $61,000 level as digital asset markets experienced a broad rebound driven by consistent ETF inflows and optimism surrounding the CLARITY Act. This proposed legislation, which aims to provide a clear regulatory framework for digital commodities and stablecoins, is seen as a major potential catalyst for market growth in the second half of 2026.