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US CPI
US
UK
European nat gas futures
Crude Oil
Ipek Ozkardeskaya

European equities traded in the red at the start of the week, but equities in the US rebounded as investors are hanging on to hope of slower inflation and reasonably hawkish Federal Reserve (Fed) by their fingernails.

US CPI

Today and tomorrow will tell whether they are right to be optimistic or not.
If, by any chance, we see a softer CPI figure, then the S&P500 could easily jump above its 200-DMA, and even above the ytd descending channel top.
But, but, but… today’s US CPI data, unless there is a huge surprise, will probably not change the Fed’s plan to hike the interest rates by 50bp this week.

Therefore, even if we see a great CPI print and a nice market rally today, it may not extend past the Fed decision on Wednesday.

US

In energy, US nat gas prices jumped more than 30% since last week due to a powerful Pacific storm bringing cold and snow to the norther and central plains in the US.

UK

In the UK, power prices hit another ATH yesterday.

European nat gas futures

Happily, we haven’t seen a significant rise in the European nat gas futures, which in contrary kicked off the week downbeat.

Crude Oil

But crude oil rallied as much as 2.60% on Monday on several factors that could however not lead to sustainable gains in the mid-run.

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Watch the full episode to find out more!

0:00 Intro
0:29 US CPI: possible scenarios
2:50 But the Fed may not care much about the data
4:10 Opportunity to sell the latest crude oil rally?
6:17 Is it time for Chinese stocks to recover… sustainably?
8:03 UK grows more than expected, but…
8:43 Binance may have processes $10bn illegal funds. Bitcoin stable.
9:11 Amgen buys Horizon Therapeutics, Microsoft takes 4% stake in LSE

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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