
Surge in oil prices casts shadow over prospects for rate cuts | MarketTalk: What’s up today? | Swissquote
US crude jumped past the $79b level this morning on escalating tensions in the Red Sea. The European and American futures are slightly in the negative at the time of writing, and stocks in Hong Kong and China were better bid on Monday as China imposed ban on short sellers, but the gains remained short-lived after a HK court ordered Evergrande’s liquidation. Globally, we see a limited risk appetite at the start of a week packed with economic data, central bank decisions and corporate earnings.
The Fed will keep rates unchanged this week, and Powell will likely say the same...