Equities race higher despite softer China PMI figure

Today's slide deck: bit.ly/3fkWmhU   - Despite softer China PMI Manufacturing overnight global equities are off to a good start with the biggest story being Square's $29bn acquisition of Afterpay in what might be the world's most expensive acquisition ever of this size. Equities also being lifted by lower US bond yields which should also give some support to gold which otherwise has not been responding too well to lower yields recently; maybe gold is once gain put into the shadow of rallies in cryptocurrencies? We also talk latest Israel and Iran tensions over drone attack on Israeli-linked ship which has spillover effects into the global oil market which is otherwise trapped in uncertainties over the Covid-19 Delta variant and its impact on the global economy. We are also talking about carmakers and their new EV figures, and finally we go through this week's earnings releases. On today's podcast are Ole S. Hansen on commodities and hosting Peter Garnry on equities. Intro and outro music by AShamaluevMusic