China Could Be The Next Hit To Global Inflation | Donald Trump's Announcement
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Equities saw some profit taking in last week’s post-US inflation rally, as some Federal Reserve (Fed) officials reminded investors that the 7.7% inflation is still high and that the Fed would continue fighting to bring it lower.
G20
In geopolitics, yesterday’s meeting between Jow Biden and Xi Jinping went well. US-listed Chinese stocks extended gains.
Crude Oil
In energy, American crude dived on the news that OPEC cut its oil demand outlook and warned of uncertainties around global growth.
Earnings
In earnings, big US retailers Walmart and Home Depot are due to release earnings today
Donald Trump
And in fun news, Donald Trump will make an important announcement! Whoo!
Watch the full episode to find out more!
- 0:00 Intro
- 0:41 Fed members warn of premature optimism
- 2:54 US inflation expectations go up
- 4:31 China could be the next hit to global inflation
- 5:05 Crude oil down on OPEC demand outlook cut
- 6:20 Biden, Xi meeting went well!
- 7.49 Crypto selloff cools
- 8:53 What to watch today?
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.
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