The cooker pressure is on amid higher oil prices and US interest rates
Saxo Market Call
Summary: Higher Brent crude above $87/brl and the US 10-year yield firmly pushing above the 1.8% level is taking the energy level up a notch with Nasdaq 100 futures down 2%. Market participants are clearly changing their guidance on inflation and continue to rotate out of high duration assets and into shorter term duration assets and inflation hedges such as energy assets. In today's podcast Althea go through the different tightening cycle this time compared to the previous one and Ole talks about oil markets, and gold's reaction to higher interest rates. Peter talks about the Q4 earnings season which really heats up next week but with three important earnings this week from ASML (tomorrow), Netflix (Thursday), and Schlumberger (Friday) Today's pod features Peter Garnry on equities, Althea Spinozzi on fixed income, and Ole S. 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.