Tech climbs, gold shines, and why AI could be good for bonds

US stocks rebounded yesterday led by technology shares after AI developments announced by Meta and Anthropic. Strong US economic data lifted the broader market and boosted small caps. In Europe, autos rose on lower‑than‑expected US tariffs, while banks fell. Taiwan and South Korea climbed on AI optimism, and Japan advanced after the Prime Minister nominated two reflation‑focused academics to the Bank of Japan’s policy board, fuelling expectations of slow rate increases and keeping the yen weak. Precious metals strengthened with gold and silver rising on geopolitical tensions, China’s market return, and continued safe-haven demand. Dario Messi, Head of Fixed Income Strategy Research, explains why artificial intelligence could initially support bonds.

• (00:00) - Introduction: Helen Freer, Product & Investment Content
• (00:28) - Markets wrap-up: Mike Rauber, Product & Investment Content
• (06:02) - Bond market update: Dario Messi, Head of Fixed Income Research
• (10:38) - Closing remarks: Helen Freer, Product & Investment Content

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