Moving Markets

Markets saw a decent pullback over the last 24 hours, with the S&P 500 recording its worst daily performance for over two weeks. Meanwhile, the 10-year Treasury yield moved back up to 3.85%. These moves reflected investors becoming more sceptical about the chances of rate cuts of 50bps this year, thanks to more positive data and comments from Fed officials yesterday. Tim Gagie, Head of FX & PM Solutions in Geneva, talks about why this should be positive for the US dollar and why he likes platinum.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Jan Bopp (Investment Writing)05:53 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)10:27 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.

Stocks continue their upward march as markets gear up for the much-anticipated Jackson Hole Symposium, commencing today. Preliminary payroll revisions, coupled with the latest Federal Reserve meeting minutes, strongly indicate a potential rate cut in the US in September. This could also spell good news for gold as Carsten Menke, Head of Next Generation Research, explains in today’s podcast – and there are more reasons to be positive on the price of the yellow metal.00:00 Introduction by Helen Freer (Investment Writing)00:45 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:06 Gold: Carsten Menke (Head of Next Generation Research)09:59 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 equities have paused in their winning streak, posting losses ahead of revisions to US jobs data due today. Dario Messi, Head of Fixed Income Research, shares his thoughts into the future path of Fed policy. And Mathieu Racheter, Head of Equity Strategy, outlines his sector preferences when it comes to equities.00:00 Introduction by Bernadette Anderko (Investment Writing)00:41 Markets wrap-up by Jonti Warris (Investment Writing)06:31 Fixed income strategy update: Dario Messi (Head of Fixed Income Research)12:44 Equity strategy update: Mathieu Racheter (Head of Equity Strategy)16:00 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.

European and US equities extended their rebound yesterday, starting the new trading week on a strong footing and maintaining the momentum built last week. Most Asian-Pacific markets followed suit, with Hong Kong and China being notable exceptions. Meanwhile, oil prices saw some relief following reports that Israel had accepted a proposal to resolve disputes hindering a Gaza ceasefire agreement. Joining today’s show is Manuel Villegas from Next Generation Research, who shares his expert insights on what’s happening in the crypto space.00:00 Introduction by Bernadette Anderko (Investment Writing)00:28 Markets wrap-up by Lucija Caculovic (Investment Writing)06:39 Digital assets update: Manuel Villegas (Next Generation Research)10:57 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.

Equity markets rebounded strongly last week, driven by tame inflation data, stabilising macro data, and solid earnings. Quant funds are expected to rebuild their positions, and corporate America is buying the dip, with record orders for share buybacks. And Mensur Pocinci, Head of Technical Analysis, talks about why he thinks the recent bounce is an early start to the year-end rally.00:00 Introduction by Roman Canziani (Head of Investment Writing)00:28 Markets wrap-up by Jan Bopp (Investment Writing)07:03 Technical Analysis by Mensur Pocinci (Head of Technical Analysis)13:00 Closing remarks by Roman Canziani (Head of 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 equities surged, driven by US stocks, as strong retail numbers and encouraging jobless claims alleviated recession fears. US Treasury yields and the dollar also climbed. Meanwhile, gold rose on Middle East tensions and expectations of interest rate cuts. Retail giants Walmart (the world’s largest retailer) and Alibaba (China’s largest retailer) saw their shares jump, with Walmart boosting its sales guidance and Alibaba benefiting from broker upgrades despite mixed earnings. According to Mark Matthews, Head of Research Asia, major Asian markets look promising, including Japan (where a weaker yen should boost stocks), India (with its structural growth drivers), and China (too cheap to ignore).00:00 Introduction by Helen Freer (Investment Writing)00:34 Markets wrap-up by Mike Rauber (Investment Writing)07:21 Asia update: Mark Matthews (Head of Research Asia)15:17 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.

This week's inflation data releases have been favourably received by financial markets. After the UK, the US also released inflation figures that indicate further progress towards disinflation, paving the way for potential interest rate cuts beginning in September. The extent of the first cut – whether it will be 0.25% or even 0.5% – will be determined by incoming data. Also on today’s show, Norbert Rücker, Head of Economics and Next Generation Research, offers his insights on oil prices and reassures listeners that Europe won't face a gas shortage, even if supplies from Eastern Europe dwindle.00:00 Introduction by Helen Freer (Investment Writing)00:28 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:57 Update on oil and gas by Norbert Rücker (Head of Economics & Next Generation Research)12:45 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. 

European equities had a good session despite disappointing sentiment data from Germany while US producer prices rose less than forecast, indicating continued disinflation. This has boosted hopes for a US Federal Reserve rate cut in September, sending yields lower and stocks higher. And Dario Messi, Head of Fixed Income Research, talks about the health of the bond market, why his team upgraded the US high yield segment and what the latest data means for the Fed’s policy path.00:00 Introduction by Jonti Warris (Investment Writing)00:27 Markets wrap-up by Jan Bopp (Investment Writing)06:48 Fixed income update: Dario Messi (Head of Fixed Income Research)11:41 Closing remarks by Jonti Warris (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.

Oil prices have rallied on reports that an Iranian retaliatory attack against Israel has grown even more likely and could be imminent. In the US, stocks closed yesterday’s session flat, maintaining the momentum from late last week as investors braced for key inflation data due this week. Manuel Villegas, Next Generation Research, provides us with the latest news from the world of digital assets including what’s driving the moves in Bitcoin and the role of Bitcoin miners.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Jonti Warris (Investment Writing)05:47 Digital assets update: Manuel Villegas (Next Generation Research)09:02 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 equity markets staged a remarkable recovery from the panic at the start of last week, while government bonds and gold acted as effective hedges during the market turmoil. This week, all eyes will be on the US economic reports and whether they will show that the US economy is indeed set for a soft landing and lower inflation. There will be a lot of attention on the JPY after its recent movements were felt inglobal markets. In the US elections, Kamala Harris is leading in three key states according to the latest polls, brightening the outlook for the Democrats. Mensur Pocinci, Head of Technical Analysis Research, notes that after last week's turmoil, investors are likely to be over-pricing short-term risks, which is traditionally a promising sign for equity markets.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Mike Rauber (Investment Writing)07:48 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)12:00 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.