European energy news dominates market action today

US market action started positive on Friday following the release of a better-than-expected US payroll report. However, concerns about interest rates being higher for longer and the news that Gazprom would indefinitely halt its key gas pipeline to Europe led to a sharp reversal in US equities. European equity markets are sharply lower this Monday morning on the energy developments. Markus Wachter, Technical Analysis, gave an update on US equity markets and the USD from a technical perspective.

00:08 Introduction and markets wrap-up by Mike Rauber (Investment Writing)

04:30 Technical update by Markus Wachter (Technical Analysis)

06:47 Closing remarks by Mike Rauber (Investment Writing)