U.S. non-farm payrolls and unemployment rate both rose in May, and the Fed's rate cut expectations dropped from 70% to 55%.

According to TechFlow, according to Jinshi Data, U.S. interest rate futures traders have significantly reduced their bets on the Federal Reserve's interest rate cut in September and now believe that the probability of a rate cut is 55%, while previous data showed 70%.

U.S. nonfarm payrolls surged in May while the unemployment rate unexpectedly rose, painting a mixed picture of the labor market.

A report from the U.S. Bureau of Labor Statistics on Friday showed nonfarm payrolls increased by 272,000 last month, exceeding all economists' forecasts.

The unemployment rate rose to 4% from 3.9%, the first time it has reached that level in more than two years. Average hourly earnings rose 0.4% from April and are up 4.1% from a year ago.