Crypto markets have had a constructive weekend, holding on to and marginally enhancing features made late final week.
The subsequent seven days will see the discharge of the Federal Reserve’s minutes from its final assembly, which may shed extra gentle on the course of financial coverage as inflation continues to climb.
In the meantime, the US inventory market capitalization topped $80 trillion, setting a brand new file, and now accounts for round 48% of worldwide market cap.
“We count on one other risky week forward as markets brace for earnings season,” stated the Kobeissi Letter.
Financial Occasions July 6 to 10
June S&P World Companies buying managers’ index (PMI) knowledge is due on Monday, portray a broader image of financial exercise. This report is adopted on Tuesday by ADP Employment Change knowledge.
Wednesday will see the FOMC minutes, the primary for brand new Chairman Kevin Warsh. The central financial institution held charges regular, however inflationary pressures from larger power costs may immediate it to boost them.
“I feel it’s going to be attention-grabbing to see how the dialogue went across the desk, how incrementally hawkish are they leaning,” stated Matthew Miskin, co-chief funding strategist at Manulife John Hancock Investments.
“That’s what traders and markets are going to be questioning: What is that this new Fed chairman and up to date (Fed policymaking physique) in search of to determine the trail of charges from right here?”
Preliminary Jobless Claims knowledge is due on Thursday, whereas full-time employment dropped by 514,000 in June to its lowest since December 2024. “The weak point within the US labor market is accelerating,” stated Kobeissi.
Key Occasions This Week:
1. June S&P World Companies PMI knowledge – Monday
2. ADP Employment Change knowledge – Tuesday
3. Fed Assembly Minutes – Wednesday
4. Preliminary Jobless Claims knowledge – Thursday
5. June Present Residence Gross sales knowledge – Thursday
6. IEA Month-to-month Report – Friday
We’re one…
— The Kobeissi Letter (@KobeissiLetter) July 5, 2026
Additionally this week, SpaceX (SPCX) is about to affix the Nasdaq 100 index, and one other quarterly earnings season will start this month.
Crypto Market Outlook
Crypto markets are holding features this Monday morning in Asia, with complete capitalization up 1.1% on the day to $2.26 trillion.
Bitcoin is main the pack with a 2.7% acquire over the weekend to succeed in $63,700 on Monday morning, its highest degree for 2 weeks after its worst month for 4 years.
Ether costs did even higher, with a 14% acquire over the previous week, closing in on $1,800 in early buying and selling on Monday.
Altcoins had been predominantly inexperienced on the time of writing, with Hyperliquid and Canton outperforming.
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