European and US stocks declined yesterday and the futures hint at a bearish start in Europe. Inflation and recession fears take the upper hand, after the European Central Bank (ECB) raised its inflation significantly from 5.1% to 6.8% for this year, and cut the growth forecast, significantly as well, for this year and the next. But the rates remained unchanged, and Lagarde called for a 25-bp hike in July. As such, the ECB decision revived inflation and recession fears, but hardly the euro bulls. Due today, the US inflation data will be the major focus before the weekly closing bell. Investors are tense on the idea that we could see an ugly surprise, as energy prices keep rising and there has been an unexpected tick in used car prices in May. Elsewhere, crude oil eases, but natural gas prices tick higher on a fire at Texas LNG facility. Alibaba lost 8% as Chinese regulators denied news that they would revive the much-expected ANT Group IPO. Bitcoin remains stuck near the $30K level. Watch the full episode to find out more! 0:00 Intro 0:36 The day after the ECB decision… 4:48 All eyes on US inflation data 6:34 Crude oil retreats, but natural gas ticks higher 8:23 Alibaba down as China denies ANT Group IPO revival 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. #US #inflation #ECB #EUR #economic #forecast #DAX #crude #oil #natural #gas #Fed #hawks #USD #EUR #China #stocks #Alibaba #Bitcoin #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH
What if the US inflation didn't ease? | MarketTalk: What’s up today? | Swissquote
