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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