Twitter-Elon Musk Interaction Shocks Investors, Price Of Crude Oil Fluctuates Again

EM Index Inclusions and Exclusions: India Thrives, Egypt Faces Challenges

Twitter jumped 27% in a single move on the news that Elon Musk took a 9.2% stake in the company. The jump in Twitter shares gave an energy boost to the US equities, especially to the technology stocks. Tesla jumped 5.5% on record deliveries. But news regarding the war and oil prices were less encouraging. EU leaders will reportedly meet tomorrow and announce additional. Lithuania became the first European country to announce a total ban on Russian gas imports, and the possibility of other nations joining Lithuania in banning Russian oil and gas gives a boost to oil bulls. US crude quickly bounced above the $100 mark yesterday on escalating tensions in Ukraine. Elsewhere, US factory orders fell for the first time in ten months on supply constraints, the PMI data will give a hint on the European activity levels amid war in Ukraine, and the Reserve Bank of Australia (RBA) kept its policy rate unchanged at the historical low of 0.10% for the sixteenth consecutive month. The Aussie rebounded more than 9% against the US dollar since the beginning of February, as iron ore prices jumped due to the Ukraine war, and the medium-term outlook remains positive for the Aussie, as long as commodity prices remain supported by geopolitical threat to the supply.

Watch the full episode to find out more!

  • 0:00 Intro
  • 0:25 Twitter rallied 27% as Elon Musk bought 9.2% stake
  • 1:46 ... pulled US tech stocks higher
  • 2:16 Tesla revealed record car deliveries
  • 4:29 Oil rebounded from $100pb ahead of new Russia sanctions
  • 7:00 Investing in rare earth metals
  • 8:12 US factory orders, PMI data & RBA decision

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.

EM Index Inclusions and Exclusions: India Thrives, Egypt Faces Challenges

Swissquote Bank

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As a leading provider of online financial services, Swissquote offers innovative solutions and analysis tools to meet the wide range of demands and needs of its clients. The user-friendly platform also delivers forex, robo-advisory, leasing and mortgage solutions, as well as various online trading services. In addition to a low-cost service for private clients, Swissquote also offers specialized services for independent asset managers and corporate clients. Swissquote Bank AG is subject to the oversight of the Swiss Financial Market Supervisory Authority (FINMA), holds a banking license from the same authority, and is a member of the Swiss Bankers Association. The parent company, Swissquote Group Holding AG, is listed on SIX Swiss Exchange (symbol:SQN).