19 min listen
Unavailable
ratings:
Length:
17 minutes
Released:
Aug 31, 2023
Format:
Podcast episode
Description
Link to slide deck: https://bit.ly/3L3q2zG -
Momentum in equities is extending as 'peak rates' narrative gets stronger amid weakening macro data suggesting that tighter monetary policies are beginning to have an impact on the economy. We expect the ECB to go into a hawkish pause mode on policy rates and this thinking has got the market to bid up EURUSD in recent trading days. Momentum in gold is also responding well in recent weeks to the 'peak narrative' and elsewhere in commodities cocoa futures are approaching their highest price since early 2011. We also touch on earnings from Salesforce and UBS. Peter Garnry on equities and Ole S. Hansen on commodities.
Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.
Click here to open an account with Saxo -
Intro and outro music by AShamaluevMusic
Momentum in equities is extending as 'peak rates' narrative gets stronger amid weakening macro data suggesting that tighter monetary policies are beginning to have an impact on the economy. We expect the ECB to go into a hawkish pause mode on policy rates and this thinking has got the market to bid up EURUSD in recent trading days. Momentum in gold is also responding well in recent weeks to the 'peak narrative' and elsewhere in commodities cocoa futures are approaching their highest price since early 2011. We also touch on earnings from Salesforce and UBS. Peter Garnry on equities and Ole S. Hansen on commodities.
Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.
Click here to open an account with Saxo -
Intro and outro music by AShamaluevMusic
Released:
Aug 31, 2023
Format:
Podcast episode
Titles in the series (100)
Macro and FX: Can the higher for longer narrative continue?: Last week ended with both equities and bonds lower following the Fed's hawkish message with rates staying higher for longer to deal with inflation and the strong economy which lifted the longer end of the US yield curve. This week key event risks to ... by Saxo Market Call