An update about rockets, rocking crypto and a rolling Dollar

Important News the week

• Tue, 19th, 14:30 CET CA consumer price index.

• Wed, 20th, 08:00 CET UK consumer price index.

• Thu, 21st, 14:30 CET US Unemployment claims.

• Fri, 22nd, 09:30 CET DE purchasing manager index.

• Fri, 22nd, 15:45 CET US Flash PMI.

G20 summit

The Summit commenced today in Rio de Janeiro, with global leaders convening to address pressing international issues. Turkish President Recep Tayyip Erdoğan has advocated for initiating peace talks, suggesting that current territorial lines serve as the basis for negotiations. This stance aligns with the broader diplomatic efforts observed at the summit. The impending transition to President-elect Donald Trump's administration is anticipated to influence future policy directions, adding a layer of complexity to the discussions.

Market talk

The United States has authorized Ukraine to utilize long-range missiles capable of striking targets within Russia. This development has elicited a stern response from Russian President Vladimir Putin, who has warned of potential retaliatory measures, including the use of nuclear weapons, should Russian territory be attacked. The escalation in geopolitical tensions has led to increased volatility in financial markets. Gold prices have risen as investors seek safe-haven assets amid the uncertainty. Conversely, stock markets concluded last week with declines, indicating that the recent optimism associated with the U.S. presidential transition may be waning.

Tendencies in the markets

• Equities lower, USD sideways, cryptos positive, oil weaker, metals schwächer, JPY sideways.