Saxo Market Call

Mood rips back to positive on first day of month, Moderna flies

December 1, 2020

Today's slide deck: https://bit.ly/3mqgG2L    -  

Today we look at the whiplash-inducing shift from yesterday's last-day-of-the-month sell-off to a surge in equity futures and Asian markets overnight, perhaps on the clean calendar month start, but also on strong manufacturing PMIs in Asia and on Moderna's request for emergency authorization to roll-out its vaccination in just a few weeks' time. Elsewhere, a look at inflation-protected treasury out-performance in the US and the ongoing squeeze in EU peripheral spreads, the US dollar and Fed Chair Powell out speaking today and more. Today with Althea Spinozzi on fixed income, Peter Garnry on equities and John J. Hardy hosting and on FX.

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