WS #11329
U.S. jobs report missed expectations (57K vs 110K), crushing Fed rate hike bets; July hike probability fell to 17% from 40%, supporting equities and crypto. EU's top court sealed Google's €4.1 billion Android antitrust fine, killing Alphabet's final appeal and enabling follow-on damages claims across Europe. Semiconductor complex fell 10-14% but credit and yields suggest rotation not recession; AI infrastructure spending remains robust.
Weak U.S. Jobs Data & Fed Rate Expectations
U.S. jobs report missed expectations (57K vs 110K), crushing Fed rate hike bets; July hike probability fell to 17% from 40%, supporting equities and crypto.
EU's top court sealed Google's €4.1 billion Android antitrust fine, killing Alphabet's final appeal and enabling follow-on damages claims across Europe.
Semiconductor complex fell 10-14% but credit and yields suggest rotation not recession; AI infrastructure spending remains robust.