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For the aspirational trader and financial markets professional. Coming at you two to three times a week, the Saxo Market Call is the high frequency podcast for real-time analysis of the financial markets across asset classes, from forex and rates to equities and commodities.
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Tuesday Jun 20, 2023
PBoC disappoints the market questioning stimulus pace
Tuesday Jun 20, 2023
Tuesday Jun 20, 2023
Link to slide deck: bit.ly/3PmO5wz -
The energy is quite low across markets outside the fixed-income market with a lot of action this week around BoE and upcoming UK macro figures including CPI. PBoC cut the key 5-year benchmark rate in China by 10 basis points but the market was looking for 15 basis points. Chinese equities were disappointed extending their selloff from yesterday adding fresh worries that China is more constrained that initially believed when it comes to backstop demand and lifting economic activity. We also discuss FedEx earnings which is scheduled for after the US market close. Today's pod features Althea Spinozzi on fixed income and Peter Garnry on equities.
Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.
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Intro and outro music by AShamaluevMusic
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