Global Markets Show Signs of Easing Cautious Sentiment

The global financial markets have shown signs of easing cautious sentiment as a new trading week begins.

According to recent data, the US dollar has maintained its dominance in the foreign exchange market, following a stronger-than-expected employment report in May. This has led to increased expectations that the Federal Reserve will tighten monetary policy, potentially raising interest rates by October.

In contrast, US stock indexes have experienced a decline due to concerns over the potential for tighter monetary policy and worries about the tech sector being overvalued. The Nasdaq index broke its support line at 29680, while the Dow Jones and S&P 500 showed more moderate declines.

The cryptocurrency market has also continued to struggle, with Bitcoin's price dipping below $60k. Market analysts attribute this decline to ongoing concerns about demand-side weakness, regulatory uncertainty, and expectations for a rate hike by the Federal Reserve.