Saxo Group Videos

Jakobsen: Why stocks will fall and EUR rise - even if Greece fails

Before hitting the beach for a summer break, it might be worthwhile to take stock of your investments. According to Saxo Bank’s Chief Economist Steen Jakobsen, stock markets in the US and Europe are in for a correction, while the euro is set to rise – even if Greece fails to get a deal with its creditors.

Steen also looks at the impact a rate hike from the US Federal Reserve would have on USD and what currencies could gain once the Fed decides to move on rates. He believes that commodities and metals in particular offer opportunities for investors. In May, Steen sold all his fixed income and his outlook on yields remains unchanged.

04:42 minutes
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