🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
Recent economic data shows worrying signs in the job market. The number of new jobs added fell short of expectations, and the unemployment rate has risen. While this situation may rekindle market expectations for interest rate cuts, it is a negative factor for the stock market.
Analysts point out that if the number of new jobs is only between 70,000 and 80,000, it would be one of the worst scenarios, potentially leading to a decline of at least 1% in the S&P 500 index. Such poor employment data not only affects the stock market but may also impact other financial markets.
For the cryptocurrency market, it seems not easy to maintain an independent trend in such an economic environment and break free from the influence of the US stock market. Cryptocurrencies, especially Ethereum (ETH), often have a certain degree of correlation with traditional financial markets.
In addition, changes in the number of initial jobless claims in the United States and potential tariff policies may further increase market uncertainty. Investors need to closely monitor these economic indicators and policy changes to adjust their investment strategies in a timely manner.
In this complex economic environment, investors should remain vigilant, diversify their investment portfolios, and be ready to respond to potential market fluctuations. At the same time, it is also important to pay attention to the monetary policy trends of various central banks, as this may have a significant impact on the global financial markets.