Tech rout, Bitcoin slide test demand ahead of SpaceX IPO
Why it matters: A 5% Nasdaq 100 drop and Bitcoin falling below $60,000 could drain retail cash from what may be a record IPO.
The Business Times (Singapore), Bloomberg
Subject
#Federal Reserve
Asian authorities move to defend currencies as dollar pressure mounts
Why it matters: The won and rupiah led regional losses as officials in South Korea, Indonesia, Japan, India and the Philippines stepped up defenses.
The Business Times (Singapore), Bloomberg
US added 172,000 jobs in May as unemployment held at 4.3%
Why it matters: stronger hiring and upward revisions for March and April reduce pressure on the Fed to cut rates soon.
Bloomberg, NPR +2