Crude oil jumps on OPEC, Korean tech... on Nvidia

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Markets ended last week with slowing momentum after the Fed cast doubt on a December cut and Big Tech’s earnings failed to lift sentiment. Still, corporate results remain solid, with S&P 500 profits up more than 10% year-on-year and energy stocks finding support after Exxon and Chevron’s upbeat reports. Oil also got a boost after OPEC announced it will pause additional supply between January and March. Meanwhile, AI optimism is fueling tech gains at the start of the week as investors turn their focus to fresh earnings from Palantir, AMD, Qualcomm, McDonald’s, and Shopify — and a potentially interesting BoE meeting later this week.

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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 Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020, and launched ipekScope.com in 2025.