Ipek Ozkardeskaya
Swissquote Bank Ltd
US equities saw a precious support from the Federal Reserve (Fed) last week, as policymakers decided to downplay the impact of tariffs on inflation by saying that it would be ‘transitory’ and slowed the pace of QT. US equities rebounded and the dollar recovered.
The week will probably be heavy with tariff talk. The early-week echoes are positive with rumours that the upcoming tariffs would be more measures than previously thought. But, who knows?
Investors will be watching the March preliminary PMI numbers today, and look for hints on how the US shake-up reflects in activity. So far, the evolution in growth expectations have been negative for the greenback and positive for the euro and sterling.
The past two-years’ tech darlings have been bearing the brunt of the loss of appetite for US exceptionalism as well. Maybe CoreWeave is not going public at the best time.
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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