Chinese Stocks Rallied On Easing Covid Measures | US Dollar (USD) Gained
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US stocks fell on Friday, after the latest data showed that Americans got more jobs in November, and more importantly they got a better pay.
More, and better paid jobs fueled US inflation expectations, boosted the Fed hawks, and brought forward the idea that the Fed could be attracted by another, a fifth 75bp hike in the December meeting.
US
US equities fell and the dollar gained, but the post-NFP pricing fully disappeared. The US dollar kicked off the week on a weak footage – a pricing that raises a flashy red flag.
Energy market
In energy, the weekend was rather eventless, as OPEC decided to maintain its daily output restriction unchanged at 2mio barrels per day at Sunday’s meeting, which could be seen as a negative development for the bulls.
But there are two price-supportive developments that could limit losses and support gains.
Watch the full episode to find out more!
- 0:00 Intro
- 0:34 What happened to post-NFP pricing?!
- 4:16 USD will likely soften, but it won’t be a one-way trade…
- 6:39 OPEC's output cut unchanged, EU sets price cap on Russian oil
- 7:39 Chinese stocks rallied on easing Covid measures. Time to jump in?
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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