🧾 Summary of Nonfarm data for July 2025:

• Jobs (Nonfarm Payrolls): +73,000 (lower than forecasted ~110,000)

• Unemployment rate: increased from 4.1% → 4.2%

• Average hourly earnings: slightly increased +0.3%

⸻

📊 Analysis of each market's impact:

1. Electronic Market (Crypto):

✅ Short-term positive impact

• Expectations for the Fed to cut interest rates are rising as the labor market cools → USD weakens → Money flows into risk assets like BTC, ETH.

• Ethereum benefits doubly: both from large institutional capital (Skycorp Solar accepts payments in ETH) and from a favorable macro context.

• Altcoins benefit from the recovery trend of BTC but need time to accumulate.

⸻

2. US Stock Market:

✅ Positive short-term impact

• The stock market surged after the NFP news due to expectations that interest rates will be lowered sooner.

• Tech and consumer stocks are likely to benefit the most (less sensitive to high interest rates).

• Despite weak job growth, the market reacted positively because it believes the Fed will not need to keep interest rates high for longer.

📊 PMI News Morning – Afternoon (Flash PMI July 2025)

• The US Composite PMI (services + manufacturing) rose to 54.6, the highest level since December 2024.

In which:

• Flash Services PMI: increased from 52.9 → 55.2 → a clear sign of strong recovery in services.

• Flash Manufacturing PMI: decreased from 52.9 → 49.5 → the first decline since December 2024, indicating weakening production.

Input and output prices rose sharply:

• Service purchase prices surged to 61.4, production prices rose to 58.6 – reflecting high inflation pressure due to tariffs.

✅ Market impact

Stock market:

• Mixed signals but overall still positive:

• Strong service growth indicates the economy is still expanding – stable for consumer and tech stock groups.

• However, declining production shows the supply chain and industrial investment are affected – could dampen growth if weakness persists.

Crypto Market:

Bidirectional impact:

• The strong increase in the composite PMI alleviates concerns about a downturn, creating a positive sentiment for risk assets like BTC/ETH.

• However, high inflation pressure may cause the Fed to maintain or only gradually cut interest rates – crypto has not received a significant boost from rate cuts.

📌 Conclusion:

Nonfarm data for July is “bad news turned good”: weak data creates expectations for sooner rate cuts, providing recovery momentum for both the stock market and the crypto market. However, investors need to closely monitor upcoming data to assess the sustainability of the trend.

The PMI news brings a slight positive signal for stocks, but for crypto, expectations of rate cuts may be delayed, keeping sentiment cautious.#ETH #BTC #crypto