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Welcome to the Blockhead Business newsletter, your go-to source for industry developments, news and insights in the world of digital assets.
Asia-led and global in scope, we bring you a weekly roundup of the most important business and economic developments in the industry, along with expert analysis and commentary from top professionals in the field.
Whether you're a fund manager, professional investor, or simply interested in the world of digital assets, our newsletter is your essential guide to navigating the future of finance.
CAPITAL FLOWS IN GLOBAL MARKETS
A global gauge of stocks rose, and US Treasuries and gold fell on Friday as solid American jobs data improved the economic outlook and traders reduced expectations of Fed easing after a protracted period of rate hikes.
The April non-farm payroll data revealed 253,000 new jobs, up from 165,000 in March and above Reuters estimates for 180,000.
The data pushed US Treasury rates higher, lowering the dollar marginally versus a basket of key currencies.
Oil prices rose on economic momentum but fell for a third week. After a tough week, US bank shares recovered.
