Finance

Investors are shifting their focus to a heavy week of economic data, beginning with the ISM Manufacturing PMI to gauge industrial health and input costs. The upcoming May non-farm payrolls report is expected to show an increase of roughly 93,000 to 95,000 jobs, which will be a critical factor for Federal Reserve interest rate expectations.

Reports of a potential 60-day ceasefire and an agreement between the U.S. and Iran to reopen the Strait of Hormuz have sent crude oil prices lower. This geopolitical relief, which saw Brent crude fall toward $90 per barrel, has acted as a tailwind for broader equity markets despite dragging on the energy sector.

The digital asset market is experiencing a structural shift toward institutional capital and real-world asset tokenization as speculative hype cools. While Bitcoin trades near $73,000, some analysts note significant monthly ETF outflows in May, signaling a period of distribution by large-scale holders and whales.