Saxo Bank Market call 8 july 2008 Significant Equity Losses

Added: Jul 8, 2008

From: Saxobankvideo

Duration: 7:3

Significant Equity Losses Pressing Markets DownLosses in the American and Asian equity sessions are set to extend into the European session, while the falling stocks are also seen to take a toll on the carry trades. Overnight News BulletsNO Industrial Production MoM/YoY (May) out at 1.6%/2.8% vs -2.4%/-4.4% expected.NO Ind Prod Manufacturing MoM/YoY (May) out at -0.7%/5.6% vs -3.3%/3.5% expected. Prior 6.0%/7.5%UK Industrial Production MoM/YoY (May) out at -0.8%/-1.6% vs -0.1%/-0.8% exp. Prior 0.1%/0.1%UK Manufacturing Production MoM/YoY (May) out at -0.5%/-0.8% vs 0.0%/-0.1% exp. Prior 0.0%/0.0%GE Industrial Production MoM/YoY (May) out at -2.4%/0.8% vs 0.3%/3.5% exp. Prior -0.2%/5.0%CA Building Permits MoM (May) out at 1.1% vs -5.8% exp. Prior 17.0%MarketsFX: Strong reversal in USD/Majors in the NY session. Carry trades lower on falling stocks.Fixed Income: Bunds and Treasuries higher across the board as investors look for a safe bet.Equities: Asian stocks following the up on the US close, with Nikkei down more than 2%.Commodities: Crude oil continues to find buying interest, with helps being helped by the weaker dollar.

Channel: News

Tags: analysis  bank  call  commentary  financial24  market  news  saxo 

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