China Steps Into Bull Market, How Much The Bank Of England Will Be Raising Its Rates?
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The new week kicked off with Chinese equities jumping into a bull market as traders returned from their Lunar New Year holiday.
S&P500 and Nasdaq
The S&P500 and Nasdaq also freed themselves from the 2022 bearish trend, while global bond markets had their best January since 1990.
And if the equity rally is still on a shaky ground – due to fear that the slowing economy could hit company earnings – the future in bonds looks brighter.
Policy verdicts
In the macro front, the Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England (BoE) will be announcing their latest policy verdicts, between Wednesday and Thursday.
Fed
For the Fed, there is extremely little doubt that this week’s rate hike won’t be anything more than a meagre 25bp hike.
BoE
The ECB is expected to hike by 50bp this month, while we don’t know by how much the BoE will be raising its rates. In one hand, the BoE should continue fighting against inflation – which remains in the double-digit zone in Britain. On the other hand, the economic outlook for Britain is so morose – with country-wide strikes adding salt and pepper to the gloomy picture that Bailey cannot throw a series of 50bp hikes in the middle like Madame Lagarde.
Stocks market
Elsewhere, the Indian markets are being shaken by the Adani scandal. OPEC will meet this week, and big US companies including Amazon, Apple, Google, Meta, Exxon, Starbucks and Ford are due to announce earnings throughout this week!
Watch the full episode to find out more!
- 0:00 Intro
- 0:39 China steps into bull market
- 1:01 S&P500, Nasdaq extend rally into bullish zone
- 2:04 Bonds record best Jan since 1990 & more gains are in the store
- 3:18 What to expect from the Fed, US jobs data this week?
- 6:10 50bp from ECB, and what else?
- 7:16 Will the BoE dare a 50bp hike?
- 8:53 Also this week: India shaken by Adani scandal, OPEC to hold fire, Apple, Amazon, Google & Meta to post Q4 results
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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