Saxo Market Call

The calm before the storm as markets await US CPI figures

August 10, 2021

Today's slide deck: bit.ly/3fO52gR   -

Today we talk about equities treading water ahead of tomorrow's important US CPI figures that will show whether inflation is more sticky than earlier expected by the market. The US 10-year yield is holding the line above the 1.31% level and gold has stabilised after its turbulent start to the week yesterday. We also talk rising European electricity prices and coal consumption and the newly released UN climate report. On earnings we talk about yesterday's earnings from Barrick Gold and BioNTech, and touches a bit on today's earnings from SoftBank Group showing that the large Japanese technology investors have ended its investments in Facebook, Microsoft, Netflix, and Alphabet. On today's podcast are Ole S. Hansen on commodities and hosting Peter Garnry on equities.

Intro and outro music by AShamaluevMusic

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