Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
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Trade war rumbles on as US markets celebrate July 4th
Clare MacCarthy
Senior Editor, Saxo Bank Group
US markets are closed to mark Independence Day but in the background, the drumbeat of global trade wars continues to rumble, undermining the yuan and Chinese equities, sparking fears of contagion across fixed income and dragging a major tech company onto the battlefield.
The Peoples Bank of China's intervention yesterday in support of its currency did slow down the yuan's decline but the market remains unnerved by the currency's prospects. "The signal is rather clear that the PBoC doesn't want to see a devaluation just yet," notes John J Hardy, Saxo's Head of FX Strategy.
On the trade war front we have fresh news out of the EU that the bloc is trying to put together a coalition countries to counter president's Trump's threat of tariffs on motorcar imports to the US, and this, Hardy says, illustrates the vulnerability of the EU to Trump's trade crusade.
In equities, "we're still in a risk-off scenario even though Chinese equities are 1% lower" says Peter Garnry, Saxo's Head of Equity Strategy.
To hear more about what's moving in global markets today, please click on the above link and listen in to our Saxo experts' morning call.
Quarterly Outlook
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Quarterly Outlook
Commodity Outlook: Commodities rally despite global uncertainty
Ole Hansen
Head of Commodity Strategy
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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, ... -
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
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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
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Quarterly Outlook
Equity Outlook: The ride just got rougher
Charu Chanana
Chief Investment Strategist
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Quarterly Outlook
China Outlook: The choice between retaliation or de-escalation
Charu Chanana
Chief Investment Strategist
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Quarterly Outlook
Commodity Outlook: A bumpy road ahead calls for diversification
Ole Hansen
Head of Commodity Strategy
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Quarterly Outlook
FX outlook: Tariffs drive USD strength, until...?
John J. Hardy
Global Head of Macro Strategy
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Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy