17 min listen
Commodities: Oil rally raises stagflation risks and yuan’s correlation to copper
FromSaxo Market Call
Commodities: Oil rally raises stagflation risks and yuan’s correlation to copper
FromSaxo Market Call
ratings:
Length:
17 minutes
Released:
Sep 14, 2023
Format:
Podcast episode
Description
Brent crude is marching on as Saudi Arabia keeps the oil market tight raising the risks of stagflation in both Europe and the US. Will the current oil price curtail demand and will China begin tapping into its reserves? Copper has recently been supported by China's efforts to strengthen the yuan. We also talk about how copper is still structurally attractive giving the ongoing electrification, EV adoption and China stimulus. Finally, we go through the key movers in the Bloomberg Commodity Index, with Peter Garnry and Oskar Bernhardtsen.
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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
Released:
Sep 14, 2023
Format:
Podcast episode
Titles in the series (100)
Fixed-income: A hawkish pause from ECB and attractive risk-reward in bonds: In today's podcast on fixed-income we preview the ECB rate decision on Thursday on the back of a recent stagflation outlook from the EU Commission making the policy decision a difficult one. We argue for a hawkish pause with the potential move by the... by Saxo Market Call