Daily Morning Call
From the Floor: US tariffs and Italy drag on sentiment – #SaxoStrats
231 views
The week opens with a distinct taste of unease after the sentiment-boosting decision by Germany's SPD party at the weekend to join a coalition and give Angela Merkel a fourth term in office is now being offset by Italy's very murky elections.
- Italian election and Trump's tariffs weigh on markets
- US 10-yr treasury yields rose from 2.79% to 2.86%
- US 2-yr yields rose from 2.19% to 2.24%
- Equities to tread water this week; tariff worries continue
- China's response to Trump still muted but equities have fallen
- Commodity focus: Tariff “war”, CERAWeek, WASDE and China
- Oil higher as Libya’s supply is cut by 1/3 after pipeline closure
- Gold bounced strongly after hitting key support at $1300/oz