Markets buoyed by strong earnings and data

Global stock markets experienced a positive day yesterday, bolstered by impressive earnings reports – including those from ABB – and favourable macroeconomic data from the US. The latter indicated a resilient retail sector, underpinned by a strong US consumer. As a result, the S&P 500 and the Nasdaq Composite both closed at record highs. In Asia, however, the outlook is more mixed, with attention centred on Japan ahead of its upper house elections this weekend. On the commodities front, oil prices remain steady, whereas gold has edged down slightly this morning. Meanwhile, Bitcoin and the US dollar have both appreciated. We are joined today by Bence Boldvai from FX/PM Solutions, who discusses the latest developments in currencies and metals.

• (00:00) - Introduction: Helen Freer, Investment Writing
• (00:25) - Markets wrap-up: Lucija Caculovic, Investment Writing
• (07:26) - FX and metals: Bence Boldvai, FX/PM Solutions
• (11:07) - Closing remarks: Helen Freer, Investment Writing

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.