Saxo Market Call

Will Nonfarm Payrolls confirm a turnaround in US yields?

August 6, 2021

Today's slide deck:   -

Today we talk about the new all-time highs in S&P 500 and Nasdaq 100 and to what extent the rally can continue into the weekend depending on the outcome of today's US Nonfarm Payrolls release. The Chinese technology crackdown continues  this morning with further sharp declines in Kuaishou Technology as China's leading newspaper argues for more regulation of content dissemination and Alibaba warns investors of higher taxes. We also talk coffee and sugar that are still trading at elevated levels with sugar being one of the best performing commodities this week. The ongoing chip shortage is impacting car production and thus also the demand for platinum which we also debate. Finally, we look ahead at next week's macro figures and earnings releases. 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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