Senior Investment Editor
Dear reader,
The past week has been defined by heavy political activity. In France, we've seen the aftermath of the first round of their election, with the next round taking place today, Sunday. The UK saw a landslide victory for the Labour Party, resulting in Prime Minister Rishi Sunak stepping down. Across the pond, the US election spotlight has been on the Democratic Party's mounting concerns about whether President Joe Biden should run for re-election, following his widely criticized performance in the first TV debate.
Earnings have been relatively quiet, while the release of the US Nonfarm Payrolls on Friday was a highlight. The report come out slightly above expectations with a downward revision of the May figure.
From Saxo's perspective, we've released our Quarterly Outlook for Q3, "Sandcastle Economics."
Early next week remains light on earnings. However the summer lull won’t last, because Thursday we get PepsiCo's report, and Friday kicks off the Q2 earnings season with banks like JPMorgan Chase, Wells Fargo, Citigroup, and BNY Mellon posting their results – as per tradition.
Next week features a few data points, such as key German and US inflation figures (CPI) on Thursday, followed by the US Producer Price Index (PPI) on Friday
Have a great (Northern summer) and stay tuned for an eventful week on the financial markets and beyond.
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Head of Fixed Income Strategy
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Head of Commodity Strategy
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Chief Investment Strategist
Quarterly Outlook
Head of Fixed Income Strategy
Quarterly Outlook
Head of Commodity Strategy
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