Defence stocks surge as markets await key US jobs data

Defence stocks soared across the globe yesterday after US President Trump called for a bigger military budget. Meanwhile, technology shares stumbled, oil rebounded sharply, and precious metals gained ground. In Asian trading, Fast Retailing impressed with strong earnings, while Rio Tinto slipped on merger talks with Glencore. We also discuss the narrowing US trade deficit, the Fed’s dovish signals, and Switzerland’s muted inflation backdrop. Joining our show today is Tim Gagie, Head of FX/PM PB Geneva, with an update on metals and currencies.

• (00:00) - Introduction: Helen Freer, Product & Investment Content
• (00:45) - Markets wrap-up: Lucija Caculovic, Product & Investment Content
• (08:40) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva
• (12:54) - Closing remarks: Helen Freer, Product & Investment Content

Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.