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CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor lose money when trading CFDs and/or forex spot with this provider. 0.21% of retail clients trading in leveraged products experience a negative account balance after a stop out occurred. You should consider whether you understand how CFDs, forex spot transactions or any of our other products work and whether you can afford to take high risk of losing your money.
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Podcast: Surge in confirmed COVID-19 deaths spook markets

Podcast
Saxo Market Call

Summary:  The contours of a rebound yesterday were shattered first on new US regulation hitting Huawei and other Chinese technology companies and then rapidly surging confirmed COVID-19 deaths in Florida spooking the market. This is driving a renewed uncertainty over demand destruction as indicators suggest consumers are again changing behaviour in the Sun Belt states. Oil is following oil lower confirming our $30-40/brl range for now. We also talk about copper momentum driven by supply constraints from copper mines shut down in Chile due to COVID-19. We also talk about the Q2 earnings season starting next week and which got off to a bad start with Walgreens earnings yesterday missing estimates by 30%. Today with Peter Garnry on equities and Ole S. Hansen on commodities.

Listen to today's podcast and check out the slide deck. 

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Questions and comments, please!
We invite you to send any questions and comments you might have for the podcast team. Whether feedback on the show's content, questions about specific topics, or requests for more focus on a given market area in an upcoming podcast, please get in touch at marketcall@saxobank.com.

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