Erik Schafhauser Zürich Erik Schafhauser Zürich Erik Schafhauser Zürich

Morning Brew December 13 2021

Morning Brew 1 minute to read
Erik Schafhauser

Senior Relationship Manager

Summary:  Central Bank Week and Apple near 3 bio market cap

Good morning,

Central Bank Week is Upon us

This week will be dominated by central bank meetings with the most important ones the US Fed on Wednesday and the European Central Bank, the Bank of England, the Swiss National Bank and Danmarks Nationalbank on Thursday and the Bank of Japan and the Russian Central Bank on Friday.

The only change of rates is expected in Russia, overall the focus will be on the FOMC initially. A faster pace of tapering is widely expected – even if the US CPI on Friday did not come out higher than expected but largely in line.

On that, Equities gained and closed higher with the Dow up 0.60%, the S&P 500 0.95%, and the Nasdaq 0.73%. Elon Musk tweeted he was thinking about quitting his job, shares rose despite that by 1.3%. Oracle gained 15% on a strong outlook. Apple rose 2.8% pushing it`s market cap to near the 3bio USD at 2.944.

The USD can gain slightly over the weekend with the USD rising to 96.25., EURUSD trades at 1.1285 and GBPUSD at 1.3225. Gold and Silver  make up most losses from Friday to trade at 1785 and 22.25. Bitcoin remains at 49k. The Turkish Lita broke above 14 against the USD at 14.05

The European Central Bank is set to halve the amount of assets it buys each month from April, according to a Reuters poll,

Credit Suisse announced a restructuring of it`s board this morning, any steps against Horta-Osorio for violating Covid restrictions are not yet included.

Biden signed his stimulus package on Saturday.

Today there is little on the agenda, worth keeping an eye on is comments from Fed members. In the last year there had been comments ahead of key events that moved the market.

Measures against Covid could be important as Israel is adding more countries tot eh restricted list and the UK seemed to prepare the population for restrictions.


Remain on your toes


The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.

Please read our disclaimers:
Notification on Non-Independent Investment Research (
Full disclaimer (
Full disclaimer (

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15

Contact Saxo

Select region


Trade responsibly
All trading carries risk. Read more. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

This website can be accessed worldwide however the information on the website is related to Saxo Bank A/S and is not specific to any entity of Saxo Bank Group. All clients will directly engage with Saxo Bank A/S and all client agreements will be entered into with Saxo Bank A/S and thus governed by Danish Law.

Apple and the Apple logo are trademarks of Apple Inc, registered in the US and other countries and regions. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.