FOMC Minutes and ugly JGB auction spook investors

Link to slide deck: https://shorturl.at/diEK5   - The weakness in equities continues with China's economic uncertainty being one driver and the FOMC Minutes yesterday another driver as they showed that the Fed still views inflation risks to be high and that rates will stay higher for longer. We also cover the ugly 20-year JGB auction that together with the FOMC Minutes took interest rates higher globally. In commodities we focus on copper and the general outflows in ETFs tracking commodities. Finally, we discuss terrible first-half results from European payment company Adyen and Orsted price momentum that is looking very ugly together with the rest of the green transformation segment. In today's On today's podcast are Peter Garnry on equities, Ole S. Hansen on commodities and Althea Spinozzi on fixed-income. Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here. Click here to open an account with Saxo   - Intro and outro music by AShamaluevMusic