Ipek Ozkardeskaya
Swissquote Bank Ltd
US equities went from gains to losses, yet again, as the Ukrainian tensions, which support the rally in energy prices, and by doing so further boosts the inflation expectations and the Fed hawks didn’t do good to the overall market mood.
US dollar extended rally as the US yields continued pushing higher. The EURUSD slipped below the 1.12 mark.
Although it has been a blood-red month for the US equities, the FTSE 100 managed to eke out 3% gains in January, as a sign that the British blue-chip index is in a good place to be the winner of the finally-happening reflation trade.
In equity news, Tesla tanked more than 11% yesterday, as investors focused on the warnings that chip shortage could take a toll on performance this year, rather than the record-high profits (which were already factored in the stock price).
Apple, on the other hand, gained 5% in the afterhours trading as the results showed that the sales soared despite the chip shortage worries, helping Apple announce a better-than-expected revenue in the most important holiday quarter!
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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