Daily Morning Call

From the Floor: Bullish macro data push indices higher – #SaxoStrats

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The start of this trading week saw a slew of strong macro releases with both European and US PMI readings surprising to the upside.

  • Monday sees best macro releases (against expectations) since mid-February
  • Chinese shares soar as government states it's willing to ease tightening
  • Geopolitics surrounding Iran a key focus for crude oil: Ole Hansen
  • Alphabet posts best revenue growth since 2014, EPS at 13.33 versus 9.3 expected
  • Gold at risk of correcting to April low at $1,230/oz, potentially $1,307/oz