![Must reads from the past week: Swiss Franc, FOMC optimism, Reddit IPO](/-/media/content-hub/images/categories/financial/14fxl.jpg)
Must reads from the past week: Swiss Franc, FOMC optimism, Reddit IPO
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Saxo
Last week the Swiss National Bank surprised by cutting its key policy rate by 25bps after 9 months of Swiss inflation below target. On the topic of cuts, investor appetite was rekindled after the FED policy meeting fuelled hopes of three rate cuts this year and a soft-landing for the US economy. Finally, social media giant “Reddit” priced its IPO at $34 and ended its market debut trading up 48% at $50.44.
Must reads…
Opportunities to trade Swiss Franc as it breaks technical levels
- Swiss Franc weakens after surprise rate cut
Key points to be aware of following the latest FOMC meeting
- FOMC bond takeaway
The latest IPO gives investors access to one of the world’s most influential social media platforms
- You can now trade Reddit shares
The week ahead…
The key events for this week are the policy rate decisions from a number of major central Banks; Bank of Japan (Tuesday), US Federal Reserve (Wednesday), Swiss National Bank and the Bank of England (Thursday). There are also key Chinese technology and consumer earnings from Xiaomi, Tencent, PDD, and Meituan. For developed markets the big earnings day is on Thursday with earnings releases from Nike, FedEx, Lululemon, and Accenture. Tech focus will be turning to the Nvidia GTC conference this week where new flagship chips are expected to be launched.