Ipek Ozkardeskaya
Swissquote Bank Ltd
The European Central Bank (ECB) announced to start slowing down PEPP purchases, as President Christine Lagarde insisted that this is not tapering.
The US producer price data, due today, is expected to reveal a further acceleration in factory-gate prices, which could fuel the Federal Reserve (Fed) tapering expectations and weigh on the market mood as the covid news get uglier by the day.
And China is now selling strategic oil reserves to lower energy prices to temper inflation.
Elsewhere, the Chinese tech stocks could be recovering some of losses recorded on the latest news that the government would pause online game approvals.
And finally, Cardano will be launching start contracts on September 12.
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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