Tech like it’s 2019!

US equities surged nearly 3% on renewed hopes that tensions between the US and Iran could ease, lifting investor sentiment across global markets. Oil prices pulled back, the US dollar weakened, and the euro gained as traders reassessed central bank expectations. A more cautious tone from the Federal Reserve, combined with softer US economic data, contrasted with rising inflation pressures in Europe—fueling moves in FX markets. But is this rally built to last? Much will depend on energy prices and whether geopolitical risks continue to ease or flare up again. With the Strait of Hormuz remaining a key pressure point – and closed ! - volatility could return quickly. Meanwhile, equity markets—especially cheapened tech valuations – look increasingly appetizing to investors. Listen 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 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 her own website ipekScope.com in 2025.