Friends, good morning!
The US has released ADP employment data, with 122,000 jobs, below the market expectation of 140,000, reaching its lowest level since August 2024.
As a result, S&P 500 futures are up 0.06% in the pre-open, and today's stock market is expected to focus on a rebound
The US big tech companies show a mixed performance in the pre-open and have not yet exited the correction cycle.
The dollar index has risen to 109, leading to a further 0.6% depreciation in the domestic exchange rate, reaching 20.4. Therefore, the local stock market is expected to experience a day of consolidation and adjustments
As for cryptocurrencies, South Korea is preparing a gradual removal of restrictions on cryptocurrency trading, which represents a new positive boost for the sector. Currently, the price of Bitcoin is around $95,000, and it is expected that with the flow of funds from the US stock market to ETFs, the price will rise above $98,000.