Crude oil turns lower as overhang of supply weighs
Crude oil is back on the defensive as the overhang of supply weigh on the market
Global car market weak but Tesla still on fire
Global sales continues to be weak and Europe just announced terrible numbers for January. Meanwhile Tesla continues to swim against the current as the market transitions to electric vehicles.
Macro Dragon: US is Back, RBA mins, ZEW, Empire...
Macro Dragon = Daily Cross Asset Views. We take a look at the overnight session that saw a massive GDP miss from Japan. Touch on the continued Risk-On that we are seeing in Equities - CH & HK stocks pretty much back to pre-virus news, yet USDCNH at 6.98 well off the 6.84 lows post the signing of the Phase One deal earlier in April. Today watch out for RBA mins early doors Asia, as well as ZEW data on Germany & the Eurozone, Jobs data out of the UK, Mfg. Out of CA & Empire out of the US.