Market Quick Take - August 10, 2020
Equity futures are starting higher with especially European equity futures bid extending on the gains in Asia. The USD is weaker against the EUR and JPY while continuing to strengthen against various EM currencies with most notably the BRL, TRY and CPL. Gold is licking its wounds from Friday but is stabilising together with US real yields. Brent crude is also starting the week a bit firmer on Saudi Arabia's oil outlook.
Macro Dragon: Welcome to WK # 33... RBNZ, BdeM, US + CH CPIs, Aussie Jobs Data
Macro Dragon = Cross-Asset Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime.
Market Quick Take - August 7, 2020
Equity futures pulled back sharply late yesterday after aggressive new highs in the US trading session after US President Trump banned TikTok and WeChat for use by individuals or companies in the US, to go in effect in September. In Asia, mainland Chinese chairs suffered a weak session, led by WeChat owner Tencent, while risk aversion elsewhere was modest.