Many (near) highs in the stock market

European equities are close to their 2022 highs, Japanese equities are just below their 1989 highs, and US equities closed at an all-time high with the rally broadening beyond the Magnificent 7. The European bond market saw the largest corporate bond offering in more than a year from Siemens, which was more than three times oversubscribed. Shares in Hong Kong are showing signs of life, up for a third day in a row, as consumer spending in China is picking up with a surge in travel during the first six days of the holiday. Tim Gagie, Head of FX & PM Solutions Geneva, says that markets got to excited about rate cuts, and discusses the implications for currency markets.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:28 Markets wrap-up by Mike Rauber (Investment Writing)

07:32 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)

12:49 Closing remarks by Bernadette Anderko (Investment Writing)

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