Moving Markets

Ahead of US non-farm payrolls data due out later today, and following the latest developments in the Middle East, European and US stock markets closed lower yesterday. Hong Kong, Japan and South Korea, however, had a positive session as mainland China continued to enjoy the Golden Week holiday. Tim Gagie, Head of FX & PM Solutions Geneva, provided his weekly update on what to watch in the currency markets, covering the US dollar, the Swiss franc, the British pound and the Japanese yen.00:00 Introduction by Helen Freer (Investment Writing)00:21 Markets wrap-up by Bernadette Anderko (Investment Writing)06:03 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)10:02 Closing remarks by 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.

Global markets were mixed yesterday as geopolitical tensions between Israel and Iran offset investor optimism driven by central bank easing. This was also reflected in US and European equities, which were little changed on the day. The USD gained on strong employment figures and safe-haven demand. OpenAI raised USD 6.6 billion in funding, valuing the company at USD 157 billion, and Nvidia shares rose after hours on strong demand for its chips. In Japan, stocks are higher on a weaker JPY following comments from the new prime minister. Sophie Altermatt, Macro Research, talks about China's new stimulus measures and whether they are enough to revive the economy.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Mike Rauber (Investment Writing)07:40 Latest developments in China: Sophie Altermatt (Macro & Next Generation Research)12:49 Closing remarks by 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.

Financial markets have calmed a little after investors seeking safe havens drove stocks and government bond yields lower and gold, oil, the US dollar and the Swiss franc higher. Iran’s attack on Israel has been left unanswered by Israel so far, so markets remain on tenterhooks – they hope for ‘more barking rather than biting’ for now. Mathieu Racheter, Head of Equity Strategy, shares his fundamental assessment across asset classes, now that the Federal Reserve has embarked on its rate cutting cycle.00:00 Introduction by Bernadette Anderko (Investment Writing)00:27 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:11 Rate cuts -  implications for different assets: Mathieu Racheter (Head of Equity Strategy)11:14 Closing remarks by Bernadette Anderko (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.

The S&P 500 and Dow Jones stock indices climbed to fresh new highs yesterday after US Federal Reserve Chair Jerome Powell said that he foresees two more rate cuts of 25 basis points this year following fresh data underlining sustained economic growth and robust consumer spending. Meanwhile, Chinese stocks yesterday posted their biggest daily gains in 16 years as Beijing’s latest stimulus package sparked a searing rally. Manuel Villegas, Next Generation Research, provides an update on the global macroeconomic factors driving demand for digital assets.00:00 Introduction by Helen Freer (Investment Writing)00:34 Markets wrap-up by Jonti Warris (Investment Writing)05:59 Digital assets: Manuel Villegas (Next Generation Research)09:36 Closing remarks by 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.

China's massive stimulus package has boosted markets, sending the CSI 300 index to a gain of 15.7% last week. This has also lifted export-oriented European equities and industrial metals. Meanwhile, inflation data came in below expectations, and investors await key releases this week, including the US jobs report and eurozone inflation data. Markus Wachter from our Technical Analysis team is also on today’s show and he talks about why he expects further weakness of the US dollar and more upside for Chinese equities and gold.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Jan Bopp (Investment Writing)06:17 Technical Analysis update by Markus Wachter (Technical Analysis Research)08:15 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player. 

Global markets rallied, with the S&P 500 and Euro Stoxx 600 hitting all-time highs. China's promise of fiscal stimulus lifts the Hang Seng Index by well over 2% today, its best weekly gain since 2007. ECB rate cut expectations rise after comments from ECB member Isabel Schnabel. Swatch shares jump on speculation that the company may be taken private. The Swiss National Bank cuts its benchmark interest rate for the third time this year and hints at further rate cuts to come. Tim Gagie, Head of FX&PM Solutions Geneva, talks about what the CHF, gold/silver/platinum and the USD are doing and shares his thoughts.00:00 Introduction by Bernadette Anderko (Investment Writing)00:28 Markets wrap-up by Mike Rauber (Investment Writing)06:38 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)11:48 Closing remarks by Bernadette Anderko (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.

China’s latest stimulus failed to ripple beyond Asian markets on Wednesday with US and European stocks broadly lower as investors pondered central banks’ path of rate cuts and digested housing-market data. Our Head of Research in Hong Kong, Richard Tang, shares his take on the latest policy measures in China and talks about why he thinks Chinese equity markets should continue to do well, while Norbert Ruecker, Head of Economics & Next Generation Research, discusses the implications for the commodity sector.00:00 Introduction by Helen Freer (Investment Writing)00:41 Markets wrap-up by Jan Bopp (Investment Writing)05:38 China stimulus measures: Richard Tang (Head of Research Hong Kong)10:55 Impact of China stimulus on commodities: Norbert Rücker (Head of Economics & Next Generation Research)14:52 Closing remarks by 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.

The biggest story in the markets remains China’s massive stimulus efforts, which have not only lifted Chinese equities but also had a spillover effect on European and US equities, particularly those that stand to benefit from a Chinese economic recovery. Despite some lacklustre economic indicators – including waning consumer confidence in the US, declining business sentiment in Germany and rising borrowing costs in France – investor optimism has been boosted by Beijing’s moves. In this episode, we’re joined by Manuel Villegas from Next Generation Research, who brings us up to speed on the latest developments in the crypto asset market.00:00 Introduction by Bernadette Anderko (Investment Writing)00:28 Markets wrap-up by Lucija Caculovic (Investment Writing)07:01 Digital assets:  Manuel Villegas (Next Generation Research)10:21 Closing remarks by Bernadette Anderko (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.

Chinese authorities this morning unleashed a package of monetary policy stimulus measures and property market support to help revive the country’s struggling economy, which continues to battle with deflationary pressures and is in danger of missing this year's growth target. Meanwhile, US equities built further on last week's gains yesterday, with the S&P 500 index reaching a fresh closing high after data showed that US business activity remained steady in September. Dario Messi, Head of Fixed Income Research, takes a look at bond markets after the Fed’s jumbo rate cut last week and provides his key takeaways for bond investors.00:00 Introduction by Helen Freer (Investment Writing)00:28 Markets wrap-up by Jonti Warris (Investment Writing)06:29 Fixed income update: Dario Messi (Head of Fixed Income Research)10:53 Closing remarks by 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.

Equity markets across the world have performed well, supported by a big rate cut in the US and the growing belief that the Federal Reserve can engineer a soft landing. This week, there is more central bank action expected as Australia, Sweden and Switzerland decide upon their policy rates. Our expert guest, Mensur Pocinci, Head of Technical Analysis, shares insights from the charts, revealing a promising outlook for a year-end rally.00:00 Introduction by Bernadette Anderko (Investment Writing)00:34 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:26 Technical Analysis update: Mensur Pocinci (Head of Technical Analysis)09:51 Closing remarks by Bernadette Anderko (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.