Markets "still waiting for Chinese reopening story to unfold" - OptionsDesk
London, UK
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August 15, 2023 03:34 AM Eastern Daylight Time
OptionsDesk broker Alex Mitchell speaks to Thomas Warner from Proactive about what market participants can expect from the coming week, highlighting the release of UK inflation data, employment figures, wages, and monthly retail sales.
In the US, earnings reports from companies like Home Depot, Cisco, and Walmart are all anticipated, but its in Asia where the real market-moving action is taking place this week. Mitchell points out the impact of China's declining new bank loans data, which caused a dip in the FTSE 100 on the opening trading day of the week due to its considerable exposure to commodity producers. He adds that overall, the world's markets "are still waiting for the Chinese reopening story to unfold" after the Covid-19 pandemic.
He emphasises the use of options trading to safeguard investments during such volatile times, citing the example of commodity giant Glencore and goes on to highlight the upcoming Cisco earnings and FOMC minutes, which could trigger options trading strategies based on market reactions.
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Proactive UK Ltd
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