Daily Morning Call

From the Floor: 'Stay cautious' on US equities – #SaxoStrats

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Saxo Bank head of equity strategy Peter Garnry warns that US stocks could face further turmoil with 2,575 perhaps the key, make-or-break level in the benchmark S&P 500 index.

   • US stocks close Tuesday down 1.4%, tech leads decline
   • ECB bond purchases 50% lower in April
   • Fixed income volatility relatively muted on 10-year US yield hitting 3%
   • Crude oil retreats as French president Macron calls for new Iran deal
   • Coffee prices soar as technical outlook improves