The week starts on a positive note, after the major US and European indices ended up last Friday on a good rebound. Investors remain focused on earnings this week, to determine which companies are in a better position to weather the difficult macroeconomic environment, and the rising interest rates.

Earnings Season

Bank of America, Goldman Sachs, Netflix, Tesla, Philip Morris, Snap, American Express and Twitter are among the companies that will go to the earnings confessional this week. Good news is that, the week starts with improved odds of seeing a 75bp hike at the next FOMC meeting, rather than a 100bp hike. The US dollar bounced lower from a fresh 20-year high on Friday and is softer against most majors this morning. This week, the dollar traders will be watching the US housing data and the Philly Fed manufacturing index, and good data will likely be bad news for the Fed watchers, as it would revive the odds of a 100bp hike at next Fed meeting.

Europe

In Europe, investors will watch three important events: whether Mario Draghi quits the Italian government, whether the Nordstream 1 pipeline reopens, and the European Central Bank (ECB) much-awaited, first rate hike!

Watch the full episode to find out more!

0:00 Intro

0:45 Market update

2:20 Earnings deluge: Netflix, Tesla, Twitter and more!

4:58 Fed hawks retreat, and the USD eases

6:48 Three important events will mark the EURO this week!

9:25 Biden off to Mid-East to bring oil prices lower

Ipek Ozkardeskaya

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.