Chinese rebound in equities greases the wheels of risk-on

Today's slide deck: bit.ly/3ltKeir   - Today we discuss the bounce back in Chinese equities driven by today by a new health initiative in China despite Alibaba weaker than expected earnings yesterday and the increasing concerns over Covid19 Delta variant outbreaks in the country leading to potential downgrades on economic growth. These concerns over growth continues to weigh on oil prices, but elsewhere in the commodity sector prices are rallying such as natural gas prices in Europe and Japan. We also talk about wheat and gold's lack of reactions to anything at the moment. Overnight New Zealand surprised to the upside on employment which we cover together with more momentum in AUDUSD. Finally, we talk recent earnings releases and what to expect today. On today's podcast are Ole S. Hansen on commodities and hosting Peter Garnry on equities. Intro and outro music by AShamaluevMusic