European indices kicked off the week on a positive note, and the US futures recover losses after a red Friday, yet the news from Ukraine are worrying and the risk appetite is certainly not strong. US crude is down by more than 3% despite the escalating tensions in Ukraine, the US dollar is preparing to test the 100 mark, while the S&P500 is now headed to a death cross formation on its daily chart. This week, the US PPI could confirm an advance to 10%, and the Fed, which is expected to raise rates by 25bp could show some more concern about the rising inflation. The Bank of England (BoE) is also seen rising the bank rate, while the Bank of Japan and the Central Bank of Turkey are expected to maintain the status quo. The surge in nickel prices jeopardize the optimism that rising fuel prices would quicken the electric transition. Tesla shares closed the week below the $800 mark, and the downside risks prevail. Elsewhere, Akanda and Genius Group will go public this week, but the IPOs may not trigger the same optimism than last year. Watch the full episode to find out more! 0:00 Intro 0:20 Ukraine update 1:48 S&P500: death cross formation ahead! 2:50 US crude cheapens but upside risks prevail 5:28 Fed will start hiking rates this week 6:42 BoE to raise rates for the 3rd straight time, as well 7.44 Japan and Turkey to stay pat 8:22 Surging nickel to jeopardize EV demand amid higher fuel prices 9:50 Upcoming IPOs: Akanda & Genius Group
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.
