European stocks kick off the week on last week’s positive vibes, adding more gains to their best ever start to a year.
Dax
The DAX extended its advance above the 15000 mark, to the fresh highs since before the war in Ukraine started.
French CAC40
And the French CAC40 took over the 7000 resistance and is only around 4% below the 2022 peak.
European stock
The recovery in European stocks is impressive, yet could it last?
China
On the data front, China grew 3%, well below the government’s 5.5% target last year, but the Q4 rebound was well above market expectations. Retail sales contracted significantly less than expected as well, while unemployment unexpectedly fell, giving signs that the end of Covid zero measures are feeding into the data.
Forex
In the FX, the US dollar was better bid yesterday, but price rallies could be good to sell, especially against oil and commodity currencies, that should extend rebound on Chinese reopening story.
Watch the full episode to find out more!
- 0:00 Intro
- 0:16 Could European stocks extend rally?
- 2:14 Energy, commodities swing between recession fears & China reopening
- 4:36 Stay away from meme stocks
- 5:57 Bitcoin catches up with stocks, but downside risks prevail
- 7:07 China posts encouraging data
- 8:18 Selling USD against energy & commodity currencies?
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.
#China #growth #recession #fear #WEF #Fed #ECB #expectations #USD #EUR #JPY #CAD #AUD #crude #oil #copper #DAX #CAC #rally #earnings #season #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary
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