Rather calm after another French government collapse | MarketTalk: What’s up today? | Swissquote
About this video
France’s government just collapsed after a no-confidence vote — but markets barely blinked. European markets are under some pressure this morning but the euro is holding its ground. Why are investors so calm while French politics descend into gridlock? Have the risks already been priced in, or is a sudden shock still waiting around the corner, just like the UK’s mini-budget meltdown back in 2022? Time will tell.
Meanwhile in the US, weak jobs data fuel bets on aggressive Federal Reserve (Fed) cuts — maybe even 50bp in September. Stocks hover near record highs, the dollar eases and JPMorgan warns of a looming “sell the news” reaction. Gold keeps surging on central bank demand and the rally is further backed by falling US yields and a softer US dollar, with Goldman Sachs hinting at a path to $5,000 an ounce if investors decided to convert their UST to gold. Crude oil, too, defies OPEC’s supply pledges, supported by shale breakevens and a softer dollar.
Watch the full episode to find out more!
0:00 Intro
0:41 European markets calm after French government collapse
5:11 US awaits Wed, Thu inflation update near record
7:09 Gold extends gains
8:32 Crude oil consolidates post-OPEC rebound
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 #France #Euro #Gold #Oil #Investing #Stocks #Bonds #CentralBanks #EURUSD #FederalReserve #InterestRates #Geopolitics #Trading #FinanceNews
#Swissquote #MarketTalk
_____
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
