Daily Morning Call

From the Floor: Equities mood improves in Europe and Asia —#SaxoStrats

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Sentiment in European and Asian equity markets is improving after last week's tech-sector selling, says Saxo Bank's equities strategy chief Peter Garnry. Meanwhile, oil's selloff has paused ahead of a key inventory report, and WTI is finding support below $44/barrel, though the mood there remains bearish.

  • • Equities market sentiment improving in Europe and Asia: Garnry
  • • Yields still ticking higher, adding a tailwind for global financial stocks: Garnry
  • • Q2 earnings season gets under way; Danish insurer Tryg Q2 beats expectations
  • • EURCHF seen heading up through 1.10, which could open up for 1.12 area: Hardy
  • • Oil selloff pauses ahead of EIA report as inventories expected to fall again
  • • Support for oil emerging below $44/b, but sentiment remains bearish: Hansen
  • • Gold putting up a bit of a fight: Hansen
  • • Crop conditions continue to deteriorate
  • • Light economic calendar features two BoE speakers and Fed's Brainard
  • • Technical analysis webinar available at 1330 CET (1130 GMT)