Sentiment is mixed into Thursday’s US GDP report. Nasdaq gains, S&P 500 lags, but investors question where to invest in the rising inflation environment. Some ETFs offer an efficient hedge against inflation. Else, Amazon investors care little about the latest antitrust allegations, as Coinbase jumps 8% after JP Morgan and Goldman issue Buy rating for the company’s stock. Gold nears overbought conditions above the $1900 per oz, as US crude sees little appetite above the $65 per barrel on softer-than-expected drop in US oil inventories last week.

 

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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