US crude jumped past the $79b level this morning on escalating tensions in the Red Sea. The European and American futures are slightly in the negative at the time of writing, and stocks in Hong Kong and China were better bid on Monday as China imposed ban on short sellers, but the gains remained short-lived after a HK court ordered Evergrande’s liquidation. Globally, we see a limited risk appetite at the start of a week packed with economic data, central bank decisions and corporate earnings.
The Fed and the Bank of England (BoE) decision, euro area growth and inflation numbers, Australian inflation update, Canadian GDP and the US jobs numbers will be closely watched this week along with Microsoft, Alphabet, Apple, AMD, and US big oil companies earnings.
Watch the full episode to find out more!
0:00 Intro
0:51 Quick sentiment update
1:59 European stocks rise, euro fall
4:51 All eyes on the Fed
7:40 What else to watch this week?
Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
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Thank you, Ipek😊
Thanks Ipek Your reports are a excellent starter for my weekly trading strategy. Always appreciated. Have a great week.
❤
Hi Ipek, thanks again for this , always so helpful to give perspective.
The Evergrande liquidation must have already been factored in as the Hang Seng wasnt particularly moved today.
Hi Ipek, thanks for your enlightening review. Now that US crude is there, what's next ? way open to 83 ? or just a bubble ? thanks for your insights
I always thought that the Implosion of Evergrande causes fireworks to explode Am I completely wrong?
Agreed on the USD scenarios. Oil seems to always sell off on geopolitical events, the attack in Jordan latest example. I think the most critical variable is US production and I am still bullish for now on oil because I think we are maxing out on production, so long as the economy holds up I think we can see higher WTI. Now if Iran changed their production, that would have a big effect but war alone doesn't seem to affect much. China did move more warships and planes into the Taiwan region so something is brewing there and if that develops, I think that would be a much more critical effect to the equity market.
Good Episode.