In the last session of the week, the US stock market closed in the green, ending the week in the calm of investors. Even so, the pressure on interest rates that the Fed is expected to raise is still weighing on the market, most visible in the crypto market with the current timid rally. Follow the crypto message board for details.
• US new home sales unexpectedly increased in May.
• Exchange rate will remain the main BoE policy tool.
• European banks pass the US Fed's stress test.<br>
• US consumer sentiment dropped to a record low, inflation outlook improved.
• German business confidence in June slipped.
• Remote working can save businesses $206 billion and relieve pressure on the Fed.<br>
• Fed President St. Louis said that the US is unlikely to have a recession and is in the early stages of a recovery.
• CBDC can threaten stablecoins, not Bitcoin.<br>
• Coinbase will make amendments to comply with Dutch rules.
• Solana introduces Saga, the first Web3-enabled mobile phone in partnership with Osom