Equities: Energy on the move, Europe’s ”EV war” with China, and FedEx earnings

Oil prices are moving higher on Saudi Arabia's oil production cuts. This is naturally adding tailwinds to energy stocks which are quickly catching up with the rest of the global equity market. We discuss energy stocks and their attractive valuations. The market for electric vehicles is being flooded with cheap Chinese EVs to a degree where the EU is now launching an investigation into Chinese subsidies for EVs lifting European carmakers and surpressing Chinese EV-makers. Finally, we talk about next week's earnings from FedEx will provide information on how the global economy and whether the outlook for global goods transportation is improving or not, with Peter Garnry and Oskar Bernhardtsen. Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here. Click here to open an account with Saxo