Morning Brew 03 June 2021

Erik
Erik Schafhauser

Senior Relationship Manager

Trading AMC has become a bit of a crazy event with shows and parties, not sure that is the best way to approach the market but it looks like fun as long as it lasts. The stock more than doubled in June alone.

Safe Trading!

Economic Events for the next few days:

Local Start Date

Local Time

Country/Region

Indicator Name

Period

Reuters Poll

Prior

3 Jun 2021

02:30

Japan

Services PMI

May

49.5

3 Jun 2021

03:30

Australia

Retail Sales MM Final

Apr

1.1%

3 Jun 2021

03:30

Australia

Trade Balance G&S (A$)

Apr

5,574M

3 Jun 2021

03:45

China (Mainland)

Caixin Services PMI

May

56.3

3 Jun 2021

06:15

Saudi Arabia

IHS Markit Comp PMI

May

55.2

3 Jun 2021

07:00

India

IHS Markit Svcs PMI

May

49.0

54.0

3 Jun 2021

08:00

United Kingdom

Reserve Assets Total

May

178,963.97M

3 Jun 2021

08:00

Russia

Markit Services PMI

May

55.2

3 Jun 2021

09:00

Turkey

CPI MM

May

1.68%

3 Jun 2021

09:15

South Africa

Std Bank Whole Econ PMI

May

53.7

3 Jun 2021

09:50

France

Markit Serv PMI

May

56.6

3 Jun 2021

09:50

France

Markit Comp PMI

May

57.0

3 Jun 2021

09:55

Germany

Markit Services PMI

May

52.8

3 Jun 2021

09:55

Germany

Markit Comp Final PMI

May

56.2

3 Jun 2021

10:00

Euro Zone

Markit Serv Final PMI

May

55.1

3 Jun 2021

10:00

Euro Zone

Markit Comp Final PMI

May

56.9

3 Jun 2021

14:30

United States

Initial Jobless Clm

24 May, w/e

3 Jun 2021

15:45

United States

Markit Comp Final PMI

May

68.1

3 Jun 2021

15:45

United States

Markit Svcs PMI Final

May

70.1

3 Jun 2021

16:00

United States

ISM N-Mfg PMI

May

62.9

62.7

4 Jun 2021

03:00

Philippines

CPI YY

May

4.5%

4 Jun 2021

08:15

India

Cash Reserve Ratio

4 Jun

4.00%

3.50%

4 Jun 2021

08:15

India

Repo Rate

4 Jun

4.00%

4.00%

4 Jun 2021

08:15

India

Reverse Repo Rate

4 Jun

3.35%

3.35%

4 Jun 2021

14:30

United States

Non-Farm Payrolls

May

621k

266k

4 Jun 2021

14:30

United States

Unemployment Rate

May

5.9%

6.1%

4 Jun 2021

14:30

United States

Average Earnings YY

May

0.3%

4 Jun 2021

14:30

Canada

Employment Change

May

-207.1k

4 Jun 2021

14:30

Canada

Unemployment Rate

May

8.1%

4 Jun 2021

15:00

Brazil

Markit Services PMI

May

42.9

4 Jun 2021

15:00

Brazil

Markit Composite PMI

May

44.5

4 Jun 2021

16:00

United States

Factory Orders MM

Apr

1.1%

 

Quarterly Outlook

01 /

  • Upending the global order at blinding speed

    Quarterly Outlook

    Upending the global order at blinding speed

    John J. Hardy

    Global Head of Macro Strategy

    We are witnessing a once-in-a-lifetime shredding of the global order. As the new order takes shape, ...
  • Equity outlook: The high cost of global fragmentation for US portfolios

    Quarterly Outlook

    Equity outlook: The high cost of global fragmentation for US portfolios

    Charu Chanana

    Chief Investment Strategist

  • Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever

    Quarterly Outlook

    Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever

    Jacob Falkencrone

    Global Head of Investment Strategy

  • Commodity Outlook: Commodities rally despite global uncertainty

    Quarterly Outlook

    Commodity Outlook: Commodities rally despite global uncertainty

    Ole Hansen

    Head of Commodity Strategy

  • Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?

    Quarterly Outlook

    Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?

    John J. Hardy

    Global Head of Macro Strategy

  • Equity Outlook: The ride just got rougher

    Quarterly Outlook

    Equity Outlook: The ride just got rougher

    Charu Chanana

    Chief Investment Strategist

  • China Outlook: The choice between retaliation or de-escalation

    Quarterly Outlook

    China Outlook: The choice between retaliation or de-escalation

    Charu Chanana

    Chief Investment Strategist

  • Commodity Outlook: A bumpy road ahead calls for diversification

    Quarterly Outlook

    Commodity Outlook: A bumpy road ahead calls for diversification

    Ole Hansen

    Head of Commodity Strategy

  • FX outlook: Tariffs drive USD strength, until...?

    Quarterly Outlook

    FX outlook: Tariffs drive USD strength, until...?

    John J. Hardy

    Global Head of Macro Strategy

  • Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges

    Quarterly Outlook

    Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges

    Althea Spinozzi

    Head of Fixed Income Strategy

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