Bank Of Japan Threw A Hawkish Bomb | A Quiet Trading Week Is Expected
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It has been quite a quiet start to the week with many major markets still closed for Xmas holiday, but no one saw Santa coming this year, have you?
Japan, Azazon, USD
On the contrary, the Bank of Japan led drama across the global financial markets reminded that the year will certainly not end on a positive footage, Amazon became the first US megacap to lose more than a trillion USD in market cap, and the expectations for the S&P500 are very much mixed…
…even though the last trading week of the year is expected to be marked by a ‘Santa rally’.
US PCE data, China
A few encouraging news could, indeed, give a minor boost to equity markets, among them the softer US PCE data, and the Chinese reopening news despite hundreds of millions of new Covid cases that threaten a smooth coming back.
Watch the full episode to find out more!
- 0:00 Intro
- 0:31 Kuroda bangs the last nail on Santa’s coffin
- 4:16 US inflation gives further easing signs
- 5:19 But stock investors may not get too excited…
- 6:17 Amazon lost $1 trillion market cap
- 8:28 Expect thin trading before year-end
- 8:56 Hectic China reopening could still boost crude oil
Ipek Ozkardeskaya
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.
#hawkish #BoJ #ECB #Fed #USD #EUR #GBP #JPY #Amazon #crudeoil #China #Covid #reopening #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary
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