US Equities Erase Last Week's Losses and PMIs Show Mixed Data

Real Vision: Finance & Investing

Real Vision

News, Business News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 24 August 2021

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Aug23,2021: Maggie Lake welcomes markets reporter Dion Rabouin and Darius Dale, founder and CEO of 42 Macro, to discuss the rebound in the major US equity indices on Monday and Japan’s PMI getting hit as well as the Eurozone demonstrating strengthening PMI numbers. Providing an update on his outlook, Dale examines whether the mixed PMI data is a foreshadowing for the future of global growth. Dale also shares his thoughts on whether there is more persistent inflation building up under the hood of the economy as well as Bitcoin’s jump to the $50k level. Drop your questions for Michael here on the Exchange: https://rvtv.io/3B2oyOM Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode is brought to you by London Business School.
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0:30.0	It's Monday, August 23rd, 2021, a Maggie Lake. Welcome to the Real Vision Daily Briefing.
0:47.0	Today, I'm joined by Dianne Roboen and 42 macro founder, Darius Dale.
0:52.8	Here's what we are looking at right now. The risk on trade return today,
0:56.6	pushing U.S. equities higher, the S&P 500 advanced about 1%,
1:01.0	the Dow gained over 1.5% lead by tech and the Dow up 3% of a percent.
1:06.2	Fine yields edge to lower the tenure at 1.25%,
1:10.0	and crude snapped its losing streak.
1:12.4	U.S. crude futures were up nearly 6% and Brent also moved higher.
1:16.4	Dianne, these moves came against a batch of pretty disappointing PMI numbers.
1:21.2	Yeah, we got the numbers out of Europe and Japan last night.
1:25.2	Today, we got the U.S. U.S. PMI missing expectations.
1:29.4	Still positive though, over 60.
1:31.6	That was a lot more than we could say for Japan and the Eurozone
1:34.8	and the UK missing really badly.
	...

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