All hell broke loose yesterday, as the Russian President Putin said on a TV address that he recognizes the Ukraine’s two separatist regions Donetsk and Luhansk as republics. The latest statement also hints to the end of the Minsk agreement and clearly heightens the risk of a Russian invasion in Ukraine in the coming days. Market reaction: equities are under a decent selling pressure, Bitcoin extends losses, natural gas, oil and gold rally, safe haven currencies are up. Expect high volatility in the coming sessions. Elsewhere, Alibaba nosedived on fresh news that authorities asked the Chinese banks to check their exposure to Ant Group, which could further damage the company’s ties with other financial institutions for its online-loan business. Other Chinese tech stocks are also feeling the threat of further government crackdown. Watch the full episode to find out more! 0:00 Intro 0:26 Putin gets aggressive 1:40 Strong market reaction 2:28 Oil up 3:12 Commodities up 3:38 Bitcoin down 3:56 Gold up 4:57 Safe haven franc, yen gain 5:57 Swiss banks under pressure amid Swiss Secrets 6:36 Alibaba, Tencent hit by fresh govt news
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.