Encouraging CPI, strong bank and TSM earnings fuel appetite [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Yesterday offered an almost ideal news flow for global investors. The markets lit up with joy yesterday on the back of softer-than-expected inflation numbers from the UK and the US, as well as strong bank earnings. Yields fell, equities gain, the US softened, banks and Big Tech rallied – and the rally could continue today on the back of stronger-than-expected TSM results.

But inflation remains well above the Federal Reserve (Fed) policy target, the German economy shrank for the second consecutive year, while the stock valuations remain at levels that can’t afford any misstep.

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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