Fed doves, AI news fuels global optimism | MarketTalk: What’s up today? | Swissquote
About this video
Markets are buzzing after fresh US data paved the way for next week’s Federal Reserve (Fed) cut. CPI was broadly in line, but soaring jobless claims – the highest in four years – kept the weakening labour market in the spotlight. The Fed is almost certain to deliver a 25bp cut, with odds of larger move fading, however, as inflation pressures in food and energy still linger. Equities cheered the prospect of easier policy, sending the S&P 500 to new highs, the US dollar index remained offered into the 50-DMA.
Across the Atlantic, the European Central Bank (ECB) held rates steady, signaling that the easing cycle may be over for now. Meanwhile, China joined AI headlines: Alibaba surged on plans to pour billions into AI data centers, while SMIC and SK Hynix rallied on chip optimism. Gold shines on dovish bets, crude oil slips despite tensions in Ukraine, and currencies wrestle with diverging Fed and ECB outlooks.
Watch the full episode to find out more!
0:00 Intro
0:36 Weak US jobs, contained inflation justifies Fed cut
4:16 ECB hints at the end of easing
6:32 Chinese stocks gain on AI optimism
8:26 SK Hynix jumps 7% on fresh news
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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#Swissquote #MarketTalk
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