The week kicks off on mixed sentiment, technology shares that have high exposure to advertisement revenues came under pressure on Friday, after Snap said Apple’s privacy changes prevented them from targeting and measuring ads.

The earnings deluge will keep investors busy this week. Apple, Facebook, Amazon, Alphabet, Microsoft, Twitter, Visa, MasterCard, Robinhood Markets, General Motors, McDonald’s, Starbucks, Exxon Mobil and Chevron are due to announce Q3 earnings.

In the FX markets, the USD-TRY hit a new record on weekend news that ambassadors from ten nations, including France, Germany and the US, are no longer welcome in Turkey. On the economic calendar, the Bank of Canada, the Bank of Japan and the European Central Bank will announce their latest verdict this week, but the rising inflation should keep the hawks relatively alert.

In cryptocurrencies, Bitcoin consolidates above the $60K mark, but the arrival of Bitcoin ETFs announce a fees war between the ETF providers, and that could heat up the market in the coming 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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