Daily Morning Call

From the Floor: G20 in focus as global tensions spike — #SaxoStrats

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July 05, 2017 G20, bonds, commodities, equities, from the floor, fx, home.saxo, morning call, saxotrader, saxotradergo, tradingfloor.com
Geopolitical fears are as elevated as they have been in years with flashpoints in both North Korea and Syria throwing relations between the US, China, and Russia into stark relief ahead of the weekend's G20 summit. Fears of global unrest are supporting gold despite a softer yen and higher bond yields.   

• FOMC out today at 1800 GMT, inflation outlook in focus
   • Geopolitics in the spotlight ahead of weekend G20 summit
   • Sino-US tensions elevated on North Korea, US arms sales to Taiwan
   • Riksbank gives tepid confirmation of global hawkish turn
   • Gold remains above support on world tensions despite soft JPY, bonds
   • 10-year German yields stall below critical 50 bps level