US equities slide as Nvidia-OpenAI deal raises questions

US equities struggled to keep up with the recent momentum yesterday, with the S&P 500 posting its worst day in three weeks, while the NASDAQ and the Magnificent 7 saw even larger declines. Questions around the Nvidia-OpenAI-deal weighed on segment. Over in Europe, there was much more of a risk-on tone after the September flash PMIs painted a picture of ongoing resilience. Powell did not offer any groundbreaking revelations in yesterday’s press conference, reiterating his arguments for last week’s rate cut. Mathieu Racheter, Head of Equity Strategy Research, discusses what the restarted rate cutting cycle means for equities going into year end, as well as what he thinks about Swiss equities after August’s tariff shock.

• (00:00) - Introduction: Bernadette Anderko, Product & Investment Content
• (00:27) - Markets wrap-up: Jan Bopp, Product & Investment Content
• (05:52) - Equity market update and outlook: Mathieu Racheter, Head of Equity Strategy Research
• (11:40) - Closing remarks: Bernadette Anderko, 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.