Focus shifts to US GDP, PCE data as dovish Fed bets cool | MarketTalk: What’s up today? | Swissquote
About this video
Markets hit pause as investors take profits after the recent rally, while AI news steals the spotlight. Nvidia’s $100 bn investment in OpenAI and OpenAI’s $400 bn plan for five new US data centers show where capital is flowing—but not everyone is rushing in. Micron smashed earnings expectations with AI-driven revenue and soaring cloud memory margins, yet its stock slipped 3% as some investors cashed in after a 170% rally since April.
Across the globe, Alibaba continues to climb, testing 2021 highs, as Chinese tech funds fuel momentum. But valuation gap with US peers is narrowing!
Today, all eyes are on the US GDP print, which could set the tone for bonds, stocks and the US dollar. Meanwhile, the Swiss National Bank held rates at 0% and UK Treasury auctions highlight fiscal worries.
Watch the full episode to find out more!
0:00 Intro
0:40 Fed doves, AI bulls wait
3:21 Has BABA become too expensive?:
4:17 All eyes on US GDP, PCE data
5:41 FX update: EUR, USD and CHF amid SNB rate decision
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.
#Markets #AI #Nvidia #OpenAI #Micron #Alibaba #USGDP #SNB #SwissFranc #USTreasuries #UKBudget #Investing #TechStocks #CentralBanks #MacroNews
#Swissquote #MarketTalk
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