All eyes on ECB, BoE as Powell's ‘disinflation’ spurs hope | MarketTalk: What’s up today?|Swissquote

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‘It is gratifying to see the disinflationary process now getting underway’ said the Federal Reserve (Fed) President Jerome Powell at his press conference yesterday.

‘Disinflation process is getting underway’.

That was the major - and the only take - of his speech yesterday, and sent the markets rallying. The US yields fell, the S&P500 reversed course and rallied more than 1% higher, while Nasdaq jumped more than 2%. The dollar index slumped.

At the wake of the meeting, activity on Fed funds futures gives around 83% chance for the next FOMC meeting to deliver another 25bp hike, which would take the rates to 5% mark, as promised by Fed members.
And for equities, there is no reason to think that the bullish sentiment would reverse anytime soon.

What else?

Apple, Amazon, Google, Ford and Qualcomm are due to announce their earnings today.

The European Central Bank (ECB) and the Bank of England (BoE) are both expected to raise the interest rates by 50bp today But it won’t be the same 50bp hike.

Watch the full episode to find out more!

0:00 Intro
0:31 One phrase: ‘disinflationary process is underway’
4:31 Facebook’s Meta pops 20% after earnings
6:33 ECB to hike by 50bp
8:17 BoE to hike by 50bp, as well, but…

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 #BoE #Fed #FOMC #meeting #Powell #disinflation #Meta #Apple #Google #Amazon #Ford #Qualcomm #earnings #USD #EUR #GBP #FTSE
#SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news
#Swissquote #MarketTalk #marketanalysis #marketcommentary
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Thanks Ipek and greetings from Kuala Lumpur

smchow
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Thankyou Ipek for another great update.
Enjoy your day!!!

alexandroskatsis
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Thanks for another powerful presentation Ipek. Have a nice day

kostas
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Loving your energy today Ipek 😍

This means the market will be going to be up today. The Ipek indicator is never wrong 👍👍👍👍

xqfztzt
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Thanks for your report good day trading

gregorystewart
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I think Powell put us back in 2021. There will have to be more inflation if the market is going wild like this. Just means we will have to come down harder at some point, I think! He should have gone 50.

samthedoor