Senior Relationship Manager
Good Morning,
We saw lots of movement in the markets on Friday and that seems to continue this week – in equities at least.
After expiry on Friday, equities came under pressure with the Dax losing 1.8% the Dow 1.58%, the S&P 1.31% and the Nasdaq 0.92. Over the weekend most Indexes drop another 0.5 to 0.9% The Nikkei loses more than 3%.
The USD Index gained more than 2% since the 11th of June, rising from 90 to 92.30 EURUSD falls to 1.1858 GBPUSD to 1.38 and Gold and Silver are the big losers at 1770 and 25.80 ,
Bitcoin came under pressure as China extends it`s control of mining. Bitcoin falls from 38,000 to 34,000
The US 10 year yield remains low at below 1.4%. The curve has substantially flattened last week:
(Refinitiv)
This week there will be a lot less data than last, global PMI, the Bank of England and US Trade data should be the most important. Economic data aside, transport from China will be closely monitored where ships are piling up.
While Corona numbers are falling in most countries, the delta variant seems to be spreading.
Trade safely!
A new fragmented world order can render some of today's infrastructure obselete, but it also calls for massive new investments across the globe, which requires a new set of strategic and tactical investment strategies.
Steen Jakobsen,
Chief Investment Officer
As globalisation turns to fragmentation, China seems set on playing a role in the global economy, while simultaneously working towards proofing its own economic situation from external shocks and crises.
Redmond Wong,
Market Strategist
The recent bank runs and ensuing challenges are reminicent of something we've seen before. Will it end like the S&L crises of 1986 and 1995?
Chris Dembik,
Head of Macroeconomic Research
Equity markets need to recalibrate to another - fragmented - global world. What's your view on equities in this market - are they going up or down?
Peter Garnry,
Head of Equity Strategy
With every development comes new opportunites, some of which could be in India. Have you considered the country as a part of your diversification strategy?
Charu Chanana,
Market Strategist
A collar is an option strategy that allows some protection while maintaining some upside potential. What investment would you like to use a collar strategy for?
Hans Oudshoorn,
Trainer Academy
There are arguments to be made for many commodities to have upside. Which are you paying the most attention to this quarter?
Ole S. Hansen,
Head of Commodity Strategy
In a very challenging macro environment, which currencies do you think will come out on top?
John J. Hardy,
Head of FX Strategy