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.
ETH-3.28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Share
Comment
0/400
CryptoPunstervip
· 21h ago
Getting on board and getting liquidated is really exciting.
View OriginalReply0
AirdropATMvip
· 21h ago
It's a tough market.
View OriginalReply0
LucidSleepwalkervip
· 21h ago
Data is deceptive.
View OriginalReply0
BearMarketHustlervip
· 21h ago
Bears also need to achieve performance
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)