Podcast: Chinese rebound in equities greases the wheels of risk-on
Saxo Market Call
Summary: Today we discuss the bounce back in Chinese equities driven today by a new health initiative in China despite weaker than expected Alibaba earnings and concerns over Covid19 Delta variant outbreaks in the country leading to potential downgrades on economic growth. These concerns over growth continues to weigh on oil prices, but elsewhere in the commodity sector prices are rallying such as natural gas prices in Europe and Japan. We also talk about wheat and gold's lack of reactions to anything at the moment. Also focus on New Zealand surprise and the risk on/off signals in AUDJPY. Finally, a look at the latest earnings and today's macro calendar. On today's podcast are Ole S. Hansen on commodities and hosting Peter Garnry on equities.
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Outrageous Predictions 2023: The War Economy
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A country agrees to ban all meat production by 2030In an effort to become one of the global leaders on the path to net-zero emissions, one country decides to not only put a heavy tax on meat, but to ban domestic production entirely.
UK holds UnBrexit referendumFollowing a recession and domestic pressure, the United Kingdom is thrown into political turmoil that will end with a vote to wind back Brexit.
Widespread price controls are introduced to cap official inflationHistory tells us that with the war economy comes rationing and price controls. And this time is no different, as policymakers introduce strict price controls that lead to a range of unintended consequences.
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