Easing In Chinese Covid Measures | Crypto Distress Continues | Markets Trade Joyfully
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It has been an ugly weekend for cryptocurrencies, even though the selloff remained relatively contained in the sector giants like Bitcoin, compared to the size of the bad news that flew in last Friday.
Market mood
Market mood outside crypto is extremely joyful after last week’s inflation data surprised investors to the downside and China announced to relax Covid measures, and boost its shattered property sector.
US And China
Although the US inflation remains relatively high to contain a perhaps premature bull run on dovish Fed expectations, news from China could help keeping the mood nice and sweet.
We will yet discover if the latest news will be enough to get international investors back on board of a Chinese dream that has been shot to the ground by the very Xi Jinping.
Joe Biden and Xi Jinping
Joe Biden and Xi Jinping will talk today on the sidelines of the G20 summit in Bali. Talks could go either way; they could either boost, or hit risk appetite in Chinese, and global assets.
China retailers & Nvidia earnings
Other than that, investors will watch the Q3 earnings from Nvidia, and some US and Chinese retail giants throughout this week!
Watch the full episode to find out more!
- 0:00 Intro
- 0:32 FTX goes bankrupt, crypto distress continues
- 4:40 Traditional markets trade joyfully post-US CPI…
- 6:49 And easing in Chinese Covid measures!
- 8:26 Investor attention shifts to US, China retailers & Nvidia earnings
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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