Nasdaq 100 is hitting inflection point as US interest rates spike
Saxo Market Call
Summary: Nasdaq 100 futures continue to slide as the US 10-year yield is flirting with the 1.9% level. A break below the 200-day moving average sitting at 14,986 could trigger an extended selloff, so this is a key inflection point to watch today. Also focus on US monetary policy, today's US 20-year Treasury auction, and the Bund yield above 0% for the first time in almost three years. Gold and oil prices also in focus together with Microsoft's acquisition of Activision and blizzard and earnings from ASML. Today's pod features Peter Garnry on equities, Althea Spinozzi on fixed income, and Ole S. Hansen on commodities.
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