Ipek Ozkardeskaya
Swissquote Bank Ltd
Omicron comes as an early Xmas present to the central bankers, the early Federal Reserve (Fed) rate hike expectations evaporate and equities gain. Yet, the appetite is certainly brittle. Jerome Powell will start his two-day testimony today and he will likely sound dovish, as he already warned about the downside risks that omicron brings on the table.
Among biggest gainers of the omicron news are metaverse stocks, and among biggest losers are energy stocks, especially now that the US-Iran nuclear talks give encouraging signs of an eventual deal between the two countries.
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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