Risk sentiment worsens further on US-China tensions

Today's slide deck: bit.ly/2YtuL6e
Today we discuss the very ugly close of the equity market in the US last week and a bad start to this week as well as US-China tensions are adding to an already downbeat backdrop. The Chinese currency deserves extra attention this week, especially once mainland Chinese markets are back from holiday on Wednesday. Oil, VIX and more also discussed on today's call. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy on FX.