Moderna news injects fresh optimism
Saxo Market Call
Summary: Markets are rebounding on yesterday's positive Moderna news that its vaccine provides good protection against the Omicron variant and the US Senator Joe Manchin said he might vote for Biden's Build Back Better deal in a revised version. However, with liquidity dropping towards the holiday period we put little weight on these moves. India had one of its most successful IPO today ending a string of recently bad ones providing some fresh positive sentiment to this equity market. The oil market is also responding well to the Moderna news rebounding together with equities and the long-term demand outlook looks solid. We also talk coffee prices, and earnings from Nike and Micron. Today's pod features Peter Garnry on equities and Ole Hansen on commodities.
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Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.