US assets slump as budget deficit concerns resurface

US markets began yesterday's trading session on a weak footing, with sentiment deteriorating further as the day progressed. Concerns over a further widening of the US budget deficit, coupled with a disappointing US Treasury auction, led to a rise in yields and credit spreads, which in turn weighed on equity prices. In contrast, European markets defied the trend, with the German DAX index reaching a new record high. Carsten Menke, Head of Next Generation Research, offers his insights into the recently remarkable performance of the industrial metal copper.

00:00 Introduction: Helen Freer, Investment Writing

00:24 Markets wrap-up: Roman Canziani, Head of Investment Writing

06:37 Digital assets update: Manuel Villegas, Next Generation Research

10:55 Closing remarks: Helen Freer, Investment Writing

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