Today may be The Day of the year for the European Central Bank (ECB). The ECB will reveal its latest economic projections, and will likely announce a July rate hike at today’s meeting. But the hint of a July rate hike is not enough to boost the euro, as it is almost fully priced in. A hawkish surprise is necessary! The US dollar remains strong as the US 10-year yield is again above the 3% mark as the relentless rally in oil prices revive inflation fears and the Fed hawks before Friday’s inflation read. The barrel of US crude advanced to $123.50 yesterday. Investors are tense before Friday’s inflation data. UBS says that tech stocks will continue underperform the value names. And the Chinese stocks see a rebound on signs that the government crackdown is concretely easing!
Watch the full episode to find out more! 0:00 Intro 0:32 All eyes on ECB & Christine Lagarde! 4:52 Rising oil boost Fed hawks before Fri’s US CPI 6:48 Chinese stocks rebound on softer government pressure 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. #ECB #EUR #economic #forecast #crude #oil #rally #Fed #hawks #US #inflation #data #USD #EUR #China #stocks #Alibaba #Tencent #HangSeng #technology #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: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH