Daily Morning Call

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

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April 25, 2018 commodities, equities, fixed income bonds, home.saxo, saxo bank, saxotrader, saxotradergo, tradingfloor.com
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