Podcast: ECB turns hawkish, US CPI gallops, and Chinese tech skids
Saxo Market Call
Summary: Financial markets are settling down compared to the past two weeks' volatility but de-risking going into the weekend is very a theme that could dominate today's price action. Chinese technology stocks are today's biggest mover down 5% in Hong Kong as the SEC announced yesterday five Chinese ADRs (Chinese stock listings in the US) that could be delisted if they do not comply with the new US auditing rules for foreign companies; in total 270 Chinese companies are at risk of delisting. In today's podcast we also talk about ECB's hawkish surprise and the galloping US inflation impacting the US yield curve. In commodities we look at a hectic week including the blowup in nickel LME futures. Today's pod features Peter Garnry on equities and Ole S. Hansen on commodities.
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