Marketmind: Freedom day on Love Island

Monday, July 19, 2021
Marketmind: Freedom day on Love Island © Reuters. People arrive for the "00:01" event organised by Egyptian Elbows at Oval Space nightclub, as England lifted most coronavirus disease (COVID-19) restrictions at midnight, in London, Britain, early July 19, 2021. REUTERS/Natalie Thomas

A look at the day ahead from Julien Ponthus.

In a parallel universe, England would be celebrating lifting the European football crown with a public holiday and joyfully lifting all COVID-19 restrictions for a much-anticipated Great British Summer. In short, Freedom Day.

Instead, it's the Italians who are champions, Monday is a regular day in the City of London and Boris Johnson's plan to reopen the economy is seen at best as a high-risk gamble. Scientists writing in the Lancet medical journal called it "dangerous and premature".

With daily infections now north of 50,000, Britain's mood could switch swiftly from 'Love Island' to 'I'm a Celebrity...Get Me Out of Here'.

In fact it's just the kind of painful reality check that's been experienced by investors gambling hard on the reflation trade. As U.S. 10-year government bonds yields below 1.30% show, the surge of the Delta variant of COVID-19 has eroded faith in global economic recovery.

Sure, the reasons behind the recent bond rally are not fully explained but an unnerving 'peak growth' and 'peak stimulus' narrative has found its way into market commentary and research.

So European and U.S. stock futures are trading deep in the red this morning while Asian shares slipped to a one-week low. Perceived safe-haven assets, including the yen and gold, edged higher, while oil prices are down.

Second-quarter earnings meanwhile have been buoyant for the most part but they also seem to be shouting 'this is a good as it get'. Few believe the stellar results will lift global stock markets much higher than they are.

Key developments that should provide more direction to markets on Monday:

- UK house prices rise again amid record monthly sales

- BOE's Jonathan Haskell speaks

- Italian luxury fashion group Ermenegildo Zegna to go public by combining with a SPAC, giving the business an enterprise value of $3.2 billion

- Auctions: U.S. 6-month and 3-month T-bills,

- Telecom Italia (MI:TLIT) updates forecasts on revenues, Ebitda after DAZN deal

- Tencent to buy British video game company Sumo in $1.3 billion deal

Graphic: REFLATION - https://fingfx.thomsonreuters.com/gfx/mkt/azgpoqgxqpd/Pasted%20image%201626340348083.png

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27-07-2021 18:25:14 (UTC+7)

EUR/USD

1.1792

-0.0007 (-0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

EUR/USD

1.1792

-0.0007 (-0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

GBP/USD

1.3788

-0.0027 (-0.20%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (6)

USD/JPY

110.11

-0.22 (-0.20%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (5)

AUD/USD

0.7358

-0.0022 (-0.29%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

USD/CAD

1.2579

+0.0039 (+0.31%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (1)

EUR/JPY

129.87

-0.32 (-0.25%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (2)

Sell (1)

EUR/CHF

1.0810

+0.0003 (+0.03%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (4)

Sell (4)

Gold Futures

1,796.50

-2.70 (-0.15%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

Silver Futures

25.165

-0.153 (-0.60%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (1)

Copper Futures

4.5380

-0.0470 (-1.03%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (5)

Crude Oil WTI Futures

72.02

+0.11 (+0.15%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (6)

Brent Oil Futures

73.92

+0.22 (+0.30%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (2)

Natural Gas Futures

4.046

-0.036 (-0.88%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

US Coffee C Futures

206.70

-1.10 (-0.53%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (2)

Euro Stoxx 50

4,089.49

-13.10 (-0.32%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (4)

S&P 500

4,422.30

+10.51 (+0.24%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

DAX

15,567.85

-51.13 (-0.33%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (5)

FTSE 100

6,998.95

-26.48 (-0.38%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

Hang Seng

25,060.87

-1159.13 (-4.42%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,216.03

+6.38 (+0.29%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

IBEX 35

8,712.00

-63.20 (-0.72%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (2)

BASF SE NA O.N.

67.210

-0.330 (-0.49%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

Bayer AG NA

50.69

-0.71 (-1.38%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (1)

Allianz SE VNA O.N.

210.03

-0.87 (-0.41%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (1)

Sell (8)

Adidas AG

312.30

+0.35 (+0.11%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

Deutsche Lufthansa AG

9.989

+0.142 (+1.44%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (0)

Siemens AG Class N

133.10

-1.46 (-1.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Deutsche Bank AG

10.557

-0.103 (-0.97%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

 EUR/USD1.1792↑ Buy
 GBP/USD1.3788↑ Sell
 USD/JPY110.11Sell
 AUD/USD0.7358↑ Buy
 USD/CAD1.2579↑ Buy
 EUR/JPY129.87Neutral
 EUR/CHF1.0810Neutral
 Gold1,796.50↑ Buy
 Silver25.165Neutral
 Copper4.5380Sell
 Crude Oil WTI72.02Neutral
 Brent Oil73.92Buy
 Natural Gas4.046↑ Sell
 US Coffee C206.70Buy
 Euro Stoxx 504,089.49Neutral
 S&P 5004,422.30↑ Buy
 DAX15,567.85Neutral
 FTSE 1006,998.95Sell
 Hang Seng25,060.87↑ Buy
 Small Cap 20002,216.03↑ Buy
 IBEX 358,712.00Neutral
 BASF67.210↑ Buy
 Bayer50.69↑ Buy
 Allianz210.03Neutral
 Adidas312.30↑ Buy
 Lufthansa9.989↑ Buy
 Siemens AG133.10↑ Buy
 Deutsche Bank AG10.557↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,660/ 5,715
(-5/ -5) # 712
SJC HCM5,660/ 5,730
(-20/ -15) # 728
SJC Hanoi5,660/ 5,732
(-20/ -15) # 730
SJC Danang5,660/ 5,732
(-20/ -15) # 730
SJC Nhatrang5,660/ 5,732
(-20/ -15) # 730
SJC Cantho5,660/ 5,732
(-20/ -15) # 730
Cập nhật 27-07-2021 18:25:16
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ↀ Giá vàng thế giới
$1,796.43-1.51-0.08%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2178022210
RON 95-II,III2168022110
E5 RON 92-II2049020890
DO 0.05S1637016690
DO 0,001S-V1672017050
Dầu hỏa1539015690
ↂ Giá dầu thô thế giới
WTI$72.01-0.24-0.33%
Brent$74.79-0.82-1.10%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.880,0023.110,00
EUR26.476,7927.854,49
GBP31.000,6032.295,52
JPY203,52214,19
KRW17,3221,08
Cập nhật lúc 18:24:54 27/07/2021
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