Euro-zone composite PMI drops below 50 for second straight month, hitting a 2.5-year low. ECB rate cut expectations grow, with implications for crypto markets.

Euro-zone composite PMI drops below 50 for second straight month, hitting a 2.5-year low. ECB rate cut expectations grow, with implications for crypto markets.

Economic activity in the euro zone shrank at its sharpest rate in more than two-and-a-half years in May, as a war-driven surge in living costs hammered demand for services and…