Selloff is probably done, but not for Chinese stocks | MarketTalk: What’s up today? | Swissquote
Economic information is mixed, but the market mood is improve.
S&P500 rebounds from its 50-dma, as Chinese stocks remain under a heavy selling pressure on latest news that the Online Casino Swiss stocks will live subject to stricter regulations in Macau.
Nio is one Chinese stock that resists the broad selloff on Chinese stocks, as Tesla is poised to extend gains on improving risk appetite. However, the overall mood in other electric carmakers is not brilliant.
Oil hits $73pb on decent decline in weekly US rough inventories, and energy stocks rally.
Gold, on the other hand, remains offered near the $1800 per oz.
Watch the full episode to find out more!
0:00 Intro
0:18 S&P500 rebounds from 50-dma
0:44 Oil & energy stocks gain on decline in US stockpiles
2:50 Chinese Online Casino Swiss stocks battered
5:04 Nio resists
5:30 Tesla poised to extend gains
6:11 High UK inflation boosts BoE hawks
8:05 Could soft US sales dent appetite?
9:20 Gold under pressure
9:44 BioNTech jumps 6%
10:11 On Running makes great debut in NYSE
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 majuscule Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
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#Swissquote #MarketTalk #marketanalysis #marketcommentary
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