The risk dial is decidedly in the red today with global stocks taking a beating, commodity prices weaker, bond yields sharply lower and the USD generally stronger. Focus has been on the Delta variant and its spread across south east Asia which is concerning investors about renewed lockdown measures.
It is also a very quiet week data-wise and markets feel like summer is well and truly upon us. Trade volumes are thin with low liquidity and little activity which may persist for the next few weeks through the summer. This is a recipe for exaggerated moves as the risk backdrop becomes the main… Read More:
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