European stocks are not a good alternative to US peers | MarketTalk: What’s up today? | Swissquote

Описание: Last week ended on a positive note, and this week started with a solid risk appetite, as the US jobs data hinted at a finally loosening jobs market, while Chinese stocks rallied on further measures deployed by the Chinese government to support the country’s faltering property market.

But the European stock markets aren’t in a good position to benefit from the news as activity slows while inflation remains high due to rising energy prices.

The EURUSD sank below 200-DMA, as the barrel of US crude traded past $86pb, as oil bulls continued buying the tight supply narrative from OPEC+.

Also, the European nat gas futures remain highly volatile due to strikes in Australia. Hundreds of Chevron workers will be going on a strike on September 7. Strikes cause decent positive pressure and a lot of volatility in TTF futures.

Watch the full episode to find out more!

0:00 Intro
0:39 China stimulus measures continue to flow in
1:53 US jobs market coming to a sweet spot
6:40 But Europeans could barely benefit from it.
8:43 US crude hits $86pb & nat gas volatile into more Australia strikes

Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

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