US economic data showed a mixed picture and the S&P 500 ended the day flat. Weakness in healthcare insurance names was offset by gains in financials and semiconductors. The ECB cut interest rates by 25 basis points, as expected, with eurozone stocks rising. The Swiss Market Index also gained, led by Nestle as it unveiled a corporate realignment. China shares are ending a volatile week higher, after the central bank provided more details on the stock buyback program. The yen weakened, while gold surged above USD 2,700 an ounce, up over 30% this year, on its way to its best annual performance since 1979. Tim Gagie, FX & PM Solutions Geneva, also takes up gold in his comments, pondering what investors can consider doing now.
00:00 Introduction by Bernadette Anderko (Investment Writing)
00:31 Markets wrap-up by Mike Rauber (Investment Writing)
07:19 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)
11:47 Closing remarks by Bernadette Anderko (Investment Writing)
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