Ipek Ozkardeskaya
Swissquote Bank Ltd
Bitcoin advanced past the $62000 mark during the weekend on expectation that new Bitcoin ETFs will hit the US market from as soon as this week, and could bring in some institutional money and help the coin claiming a new record.
But the markets were moody on Asia on news that the Chinese economic growth slowed sharply in the third quarter to 4.9% from 7.9% printed last month.
Among many company earnings due this week, Netflix and Tesla are under the spotlight. Expectations are good, but investors want fireworks!
Elsewhere, the British and European inflation should reveal a strong inflation and boost the expectations of a first rate hike in Britain, and revive some ECB hawks despite the extra-soft narrative from Christine Lagarde on rising inflation figures.
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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