Surprise OPEC decision could be a turning point for oil! | MarketTalk: What’s up today? | Swissquote

Romanian GDP Slows Beyond Expectations: Revised Forecast and Economic Outlook

Bad news was perceived as good news yesterday, and the US stocks reversed losses on the back of a significantly lower-than-expected ADP report, which showed that the US economy added the lowest number of private jobs since the pandemic recovery began. But, the Fed will certainly not change its mind on the soft jobs data. Due today, the US is expected to have added some 325’000 new nonfarm jobs in May, with a slower pay growth from 5.5 to 5.2%. It looks like a soft NFP figure could be interpreted as ‘good news’. But that optimism may not necessarily last long, if other factors like wages growth, and energy prices don’t hint at slower inflation. And speaking of energy, the surprise OPEC decision to increase production may be a turning point for global oil prices, and the war, as it is likely an important step for Saudi-US relationship. The US crude hasn’t reacted on the desired direction, but yesterday, the pricing was absurd, anyway. On the individual stocks front, Block gained 7% on news that the company is working with Apple for Tap to Pay service. Phew!

Watch the full episode to find out more!

0:00 Intro

0:37 Post-jobs optimism may not last long!

4:43 OPEC decision, a decisive step for oil prices?

8:22 Block investors relieved on Apple 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. #NoWar #OPEC #increase #crude #oil #Russia #sanctions #energy #US #jobs #data #NFP #unemployment #inflation #Fed #QT #US #yields #USD #Block #Apple #TapToPay #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: _____ Discover our brand and philosophy: Learn more about our employees: _____ Let's stay connected: LinkedIn:

Romanian GDP Slows Beyond Expectations: Revised Forecast and Economic Outlook

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