Crypto markets have started to recover over the weekend with a total capitalization gain of around 4%, primarily led by Bitcoin, which reclaimed the $63,000 level during Asian trading on Monday morning.
A similar ISM Services PMI report is due on Wednesday, highlighting conditions in the U.S. services industry which contributes more than 70% of the GDP. Changes in these PMI reports often precede changes in the wider economy.6. June Jobs Report data – FridayFederal Reserve Chair Jerome Powell will make comments at a European Central Bank conference on Tuesday, followed by the release of the minutes from the Fed’s June meeting on Wednesday.
Continuing jobless claims surged to 1.84 million in the week ending June 15th, the highest level since 2021.
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