Rising yields weigh on appetite but Chinese stocks rally | MarketTalk: What’s up today? | Swissquote

Crude oil consolidates near the $100pb as the latest pandemic news from China and the massive US release from strategic reserves cool down the positive pressure, but there are uncertainties on whether the US could really release 1 million barrels per day for six months to keep oil prices under control.

US futures are in the negative this morning, although the S&P500 ended last week on a last-minute rally. The rising US yields and the curve inversion make investors uncomfortable, and the Federal Reserve (Fed) hawks remain in charge before Wednesday’s FOMC minutes.

Gold is under the pressure of higher US yields, and may not benefit from a renewed equity selloff, if the selloff is due to the rising yields. But geopolitical tensions could throw a floor under a further selloff, if geopolitical tensions escalate amid the West preparing to announce more sanctions against Russia.

Elsewhere, Chinese stocks rally on news that China will let the US authorities access the full auditing reports of companies listed in the US. Bitcoin is stuck within the $45/48K area and GameStop offers a strong intra-day volatility, though not much fundamentally-supported action in medium run.

Watch the full episode to find out more!

0:00 Intro
0:30 US reserve release & Covid news soften oil bulls' hands
2:28 European inflation boosts ECB hawks, but...
3:47 US yields extend progress ahead of Wed's FOMC minutes
5:06 Gold, supported by geopolitical tensions, pressures by yields
6:04 S&P500, Nasdaq: toppish?
7:18 Chinese stocks rally on encouraging audit news
9:02 Bitcoin stuck with $45/48K range

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 #crude #oil #selloff #Ukraine #war #USD #EUR #economic #data #inflation #jobs #yield #curve #inversion #recession #FOMC #Fed #minutes #ECB #Bitcoin #GameStop #Alibaba #China #US #audit #data #rule
#SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news
#Swissquote #MarketTalk #marketanalysis #marketcommentary

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[samshah]

Powerful presentation
Insightful content

[calviprod]

Thank you Ipek Ozkardeskaya for the market news as usually very interesting and very well explained 👍

[davethusberg]

Hi Ipek, I always enjoy your news. Do you have a viewpoint on Gold/Rubles at a fixed conversion rate potentially causing the gold floor at $1900?

[mohmadabuyabes]

In the end, the money was stolen and there was no response