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According to ChainCatcher, citing Golden Ten Data, TradingKey senior economist Jason Tang stated that the non-farm employment data for August is unlikely to fluctuate significantly, with the main risk being whether the July data will be substantially revised downward. If the July data is significantly downgraded, it is expected that the US stock market will experience a sharp decline, followed by a rebound on the same day. This would indicate a weakening labor market, prompting investors to engage in an "economic slowdown trade," which may lead to a drop in US stocks after the market opens, and then shift to a "rate cut trade," driving a rebound from intraday lows. (Source link) Related Tags Non-farm Data US Stocks Labor Market ChainCatcher reminds readers to view blockchain rationally, raise risk awareness, and be cautious of various virtual token issuances and speculation. All content on the site is merely market information or the views of relevant parties and does not constitute any form of investment advice. If you find any sensitive information on the site, you can click "Report" and we will handle it promptly.

Jinse Finance reported that the European subsidiary of the cryptocurrency trading platform Bullish has obtained a license under the Markets in Crypto-Assets (MiCA) regulation in Germany. Bullish Europe has received this license from the German Federal Financial Supervisory Authority (BaFin), after previously obtaining crypto brokerage and custody licenses from the same regulator.