🇬🇧 Stay ahead of the markets with Swissquote

Nvidia once again crushed expectations, but this time the biggest gains spilled far beyond Nvidia itself. From Samsung to LG Electronics and Hyundai Mobis, investors are increasingly betting that the next phase of AI will move beyond data centres and into the real economy through robotics, autonomous driving and “physical AI.”
But beneath the AI euphoria, the macro backdrop is becoming increasingly fragile. Rising global yields, surging oil prices, geopolitical tensions and deteriorating market breadth suggest that the rally is standing on increasingly shaky foundations.

Listen to find out more!

Ipek Ozkardeskaya has begun her financial career in 2010 in...

Geopolitical uncertainties persist, energy prices remain high, global yields rise. Market focus has been shifting from strong Big Tech earnings to rising borrowing costs.
It’s in this challenging context that Nvidia goes to the earning confessional today, so even strong results may not reverse the tide.

Listen to full episode to find out more!

Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote...

Japan’s bond yields are rising to levels that were unthinkable just a few years ago, and markets are starting to ask whether the next reverse carry trade is already building beneath the surface.
As the Bank of Japan slowly exits decades of ultra-loose monetary policy, higher Japanese yields could encourage investors to bring money home, reducing demand for US Treasuries and tightening global liquidity conditions. The last major reverse carry episode in August 2024 triggered a sharp selloff in global equities, with the Nikkei plunging nearly 20% and the Nasdaq dropping around 14%.
This time, the risk could become more...

Global yields are soaring as rising inflation due to oil prices force investors to rethink the outlook for central bank policy. While European central bank expectations were already pointing at the possibility of summer rate hikes, the Fed funds futures have now started pricing more than a 50% chance of a December rate hike — a stunning reversal from expectations for multiple cuts earlier this year. With equity valuations stretched and borrowing costs rising fast, a market correction looks inevitable.

Listen to find out more!

Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of...