Podcast: Equities race higher despite softer China PMI figure
Saxo Market Call
Summary: Despite softer China PMI Manufacturing overnight global equities are off to a good start with the biggest story being Square's $29bn acquisition of Afterpay in what might be the world's most expensive acquisition ever of this size. Equities also being lifted by lower US bond yields, a development gold so far has failed to respond to as rising stocks and cryptocurrencies remain the focus. We also talk latest Israel and Iran tensions over drone attack on Israeli-linked oil tanker and its impact on an oil market otherwise trapped in uncertainties over the Covid-19 Delta variant and its impact on the global economy. We are also talking about carmakers and their new EV figures, and finally we go through this week's earnings releases. On today's podcast are Ole S. Hansen on commodities and hosting Peter Garnry on equities.
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