
Stocks rallied yesterday on good ISM Non-manufacturing numbers and and not least Goldman upgrades in the financial and industrial sectors.
Despite yesterdays’ sell-off in equities we expect this to be temporary. An important trigger for equity markets to go higher will be Consumer Confidence from the US released at 14:00 GMT.
Equities rallied quite strong yesterday, however today we expect to see a bit of retracement. Our stand is that the top levels are not going to be retested anytime soon.

The last stage of Tour de France 2009. It goes from Montereau-Fault-Yonne to the French capital Paris where Champs-Élysées again lays the foundation for the most beautiful finish line in a bicycling race. The stage is 164 km long and as tradition has it we will probably see the champagne bottles pop before the race [...]
Morgan Stanley out with quarterly loss. Acquisitions from Citi Group did not help as trading values are still down significantly.
Bernanke admitted yesterday that now is not the time to implement the exit strategy from QE.

The riders are in for a tough last week after some days in more or less flat terrain with the exception of stage 15 of course. Stage 16 goes from Swiss Martigny, crosses into Italy and ends in French Bourg-Saint-Maurice. The stage includes a 30 kilometer climb in form of Grand-Saint-Bernard Pass which rises 2469 [...]
The earnings season is off to a good start with 80% of the reported companies out better than expected. This will lead the equity market higher as the fundamental data is ignored.

Stage 15 goes from Pontarlier in France into the Alps where it ends in Swiss Verbier with a finish at 1468 meters and category 1 climb. The stage is 207.5 km in total and will most likely result in some serious changes in the general classification. Monday is the second and last rest day of [...]

Stage 14 is 199 km long from Colmar in the wine region Alsace to Besançon. It has two category 3 climbs and the rest is mainly in flat terrain. It should be another day with several possible break-aways. Let Team Saxo Banks Kim Andersen explain you the rest.
We are going to open higher in Europe following US yesterday. Look for earnings for the major players like CitiGroup, Bank of America and General Electric since they will direct markets today.

As directeur sportif Kim Andersen explains then the 200 km route between Vittel and Colmar which makes the 13th stage of the Tour can turn out to include some major surprises.
Equities have traded higher the last few days, but we are now approaching important resistance levels (5000 in Dax, 930 in S&P500) and we expect a retracement from here the next few days.

Another one of those long stages. 211.5 kilometers from Tonnerre to Vittel in flat terrain. Sports director of Team Saxo Bank Kim Andersen gives the 12th stage of Tour de France 2009 a quick analysis.
Intel posted better than expected earnings yesterday and made futures trade significantly higher. However after scrutinizing the report it is due to superior cost management and not improved sales.

The 11th stage starts in the small town of Vatan and goes to the even tinier town of Saint-Fargeau. The route is 192 km long and has two category 4 climbs. Sports director Kim Andersen of Team Saxo Bank gives us his view on the stage and talks about how unfortunate it is for the [...]

Stage 10 is on and as Team Saxo Bank sports director Kim Andersen explained yesterday then sometimes funny things can happen on the stage after a rest day. Also, it is the French national holiday, the Bastille Day which usually means every French rider will try to attack and there will be more spectators on [...]
Goldman Sachs will most like post very good earnings today. And this is going to lead equity markets higher. However watch out for advance retail sales from the US; it could stir the sentiment.

Well, the riders are not really resting that much on a rest day. At least it is not like a complete off-day where they can lay flat on their backs and watch TV all day. They still get on the bike, do interviews, get a massage, eat healthy and then after that they can rest [...]
Philips earnings being the only exception there are only few data out today leaving markets without new direction. Consequently we expect markest to trade lower following Friday last week.

The last stage before the well-deserved rest day goes from Saint-Gaudens to Tarbes and is 160.5 kilometers long. It includes the classic Tourmalet climb and it is also the end of the Pyrenees for this years Tour de France. As usual Team Saxo Bank sports director Kim Andersen guides us through the stage so we [...]

Stage 8 takes the peloton on a route of 176,5 kilometers from first time stage town of Andorre-la-Vieille back into France with finish in Saint-Girons. This is the second stage of the Pyrenees so watch this clip to see Kim Andersen gives his perspective on the day.
Claims data out yesterday failed to deliver. While initial jobless claims went below the 600K mark, a number of factors influenced the results – most importantly seasonal adjustments.

224 kilometers from Barcelona to Andorre Arcalis is what awaits the peloton on stage 7 of Tour de France. It has one of the highest finishes in Tour de France history at 2200 meters and therefore it is expected to be a stage where climbers will stand out. Again sports director of Team Saxo Bank [...]