Latest Finance-Economy News
U.S. May jobs report fuels Fed-hike repricing
The U.S. added 172,000 jobs in May, far above expectations, prompting traders to raise odds of a Federal Reserve hike and sending Treasury yields higher. Equity markets weakened as investors shifted away from growth and AI trades after the surprise labor strength.
Wall Street sells off as yields surge after labor data
Stocks fell sharply after the jobs report, with the Nasdaq and S&P 500 hit as higher-rate expectations weighed on valuations. The move also pushed investors into more defensive positioning across risk assets.
Bond market reacts to hotter-than-expected labor conditions
Treasury yields rose across the curve after the May employment figures, reflecting concern that stronger labor demand could keep policy tighter for longer. The bond move was one of the day’s central market stories and reinforced the Fed-rate narrative.
Bank policy groups push the Fed on tailoring thresholds
The Bank Policy Institute and the American Bankers Association urged the Federal Reserve to adjust its tailoring-rule thresholds to better reflect inflation and economic growth. The proposal is aimed at recalibrating regulation for banks of different sizes as the economy expands.
Clearing House plans tokenized deposit network
The Clearing House is preparing a tokenized deposit network for launch next year to compete with crypto firms and stablecoins, according to reporting cited by BPI. The system would connect traditional payment rails with blockchain infrastructure and enable 24/7 settlement.
U.S. sanctions Iran’s largest crypto exchange
The U.S. Treasury sanctioned Nobitex, Iran’s biggest crypto exchange, along with Wallex, Bitpin and Ramzinex, accusing them of helping the Iranian regime evade sanctions. Treasury said the platforms processed transactions tied to the Islamic Revolutionary Guard Corps and supported efforts to bolster the local currency.
Crypto markets hit by heavy liquidation wave
Levered crypto positions worth about $1.8 billion were liquidated on June 4, according to an analyst report cited by BPI. The selloff came amid sharp drops in Bitcoin and Ethereum and added to volatility across digital assets.
ECB reports stronger international role for the euro
The European Central Bank said the euro’s international role grew moderately in 2025, with its share across key usage indicators near 20%. International euro-denominated loans and bonds rose by around 30% to more than $1.1 trillion, the highest level since the euro’s launch.
Euro bond issuance surges to record levels
ECB data show euro-denominated international bond issuance rose by almost 50%, helped by strong demand from foreign corporates and reverse-yankee issuance. The surge suggests continued investor appetite for euro assets despite global financial uncertainty.
China’s cross-border payment activity rises sharply
The ECB reported that settlement activity on China’s CIPS network increased by about one-third in March 2026 versus the previous 12 months’ average. The report also said renminbi holdings by banks hit a historical high, underscoring the currency’s expanding international use.