Asian stocks kicked off the week on a bullish note to catch up with the American session gains on Friday. Softening oil and commodity prices, combined with the softening University of Michigan expectations on five-year inflation survey, and quarterly rebalancing of portfolios explained gains.

BUT, the size of the rebound remains worrying, the market volatility remains high, and the gains may not last long. 

Russia bombed Kiev this weekend, as a sign of a renewed escalation in the Ukraine war. G7 leaders hinted at more sanctions against Russia. News of further escalation between Russia and the West is pushing oil prices higher this morning.

Investor attention will slowly start shifting to the second quarter earnings to give a better idea on how the Fed tightening and the persistent inflation impacted the company earnings in the latest quarter.

Nike and Micron will be in focus this week, as US banks are due to release earnings in about two weeks.

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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