Sentiment improves as US shutdown could come to an end [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Markets are finally taking a breather on hope that the US government shutdown may be nearing an end and on Jensen Huang’s request to TSMC for bigger supplies. On the backstage, SOFR tumbled last week as mountains of cash in money-market funds chase too few Treasuries. S&P and Nasdaq futures bounce and tech stars like TSMC, SK Hynix and SoftBank rebound in Asia. Meanwhile, Chinese inflation surprises, oil returns above $60, and everyone’s eyes are glued to Washington and the earnings calendar. Can risk appetite stick this time? Or will last week’s drama stage a comeback?

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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