Market narrative remains bullish | MarketTalk: What’s up today? | Swissquote
About this video
Markets leaned dovish after Jerome Powell’s latest speech, as the Federal Reserve (Fed) Chair refused to commit to a rate cut at next month’s meeting. Powell highlighted the downside risks to the jobs market and the upside risks to inflation, painting a mixed picture that calls for careful adjustment. Still, bond markets reacted with lower yields and traders now price a 94% chance of an October cut.
Equities pulled back from record highs, but the underlying story hasn’t changed: the Fed is easing into a resilient economy, corporate earnings remain strong and inflation is sticky but manageable. In Europe, PMIs surprised to the upside, while UK data disappointed. Meanwhile, Alibaba surged on fresh AI investment news, gold set new records, and oil rebounded on geopolitics and inventory draws.
Watch the full episode to find out more!
0:00 Intro
0:41 Powell's cautious tone dampens mood...
3:08 ... but narrative remains bullish
4:43 Data elsewhere is mixed
7:43 Chinese AI rally extends
8:51 Gold, oil gain on geopolitical tensions, soft US dollar
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.
#FederalReserve #JeromePowell #FOMC #InterestRates #StockMarket #BondYields #SP500 #Nasdaq #ECB #BOE #PMIData #Alibaba #ArtificialIntelligence #Gold #Oil #Commodities #Forex #USD #EURUSD #GBPUSD #Markets
#Swissquote #MarketTalk
_____
Discover our brand and philosophy: https://swiwwsquote.com/?utm_source=youtube&utm_campaign=swissquote-english&utm_medium=video
_____
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?utm_source=youtube&utm_campaign=swissquote-english&utm_medium=video
_____
Learn more about our employees: https://swq.ch/d5
_____
Let's stay connected:
LinkedIn: https://swq.ch/cH
