US and European equities diverging. USD status check.
Saxo Market Call

US and European equities diverging. USD status check.

2020-08-03

Today's slide deck: bit.ly/2DpHIpk  - 
Today we look at the large divergence in the performance of US and European equities last week and the drivers of that divergence. In currencies, we check in on the status of the US dollar after a forceful comeback attempt on Friday, particularly decisive for USDJPY. A look at individual equity stories of note and the drivers of the recently sharply weaker ruble also in focus. Today with Peter Garnry on equities and John J. Hardy on FX.

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