Wall Street diverges on bad tech news

Yesterday’s weaker-than-expected US GDP data helped to boost rate cut expectations by the Fed and bring yields down from their highs. And while equity markets in Europe and Asia gained, tech stocks in the US came under selling pressure. Disappointing earnings data and US officials reviewing licenses to chipmakers for shipments to the Middle East pulled the sector down. Tim Gagie, Head of FX & PM Solutions Geneva, talks about the importance of central bank meetings in the coming weeks, recent developments in precious metals and why he thinks the recent CHF strength will only be temporary.

00:00 Introduction by Helen Freer (Investment Writing)

00:21 Markets wrap-up by Jan Bopp (Investment Writing)

05:59 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva

09:59 Closing remarks by Helen Freer (Investment Writing)

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