Moving Markets

Equity investors are having a tough few days as one after another of the darlings of the past 18 months or so report disappointing Q2 earnings or issue profit warnings. Meanwhile, the Japanese yen is staging an impressive comeback ahead of next week's Bank of Japan meeting. Carsten Menke, Head of Next Generation, gives us his view on the major industrial metals.00:00 Introduction by Bernadette Anderko (Investment Writing)00:21 Markets wrap-up by Roman Canziani (Head of Investment Writing)07:42 Industrial Metals update by Carsten Menke (Head of Next Generation Research)12:08 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.

Luxury companies continue to face cooling demand for their high-end goods in China. And mega-cap tech companies have had a lacklustre start to the earnings season. While equity markets are moving big on earnings reports, bond markets are taking a back seat. Dario Messi, Head of Fixed Income Research, talks about his expectations for bond markets going forward. And we have Mathieu Racheter, Head of Equity Strategy, who talks about a positive earnings season so far and where he sees strengths and weaknesses.00:00 Introduction by Lucija Caculovic (Investment Writing)00:34 Markets wrap-up by Jan Bopp (Investment Writing)06:19 Fixed income update by Dario Messi (Head of Fixed Income Research)09:46 Q2 earnings season update by Mathieu Racheter (Head of Equity Strategy)12:27 Closing remarks by Lucija Caculovic (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 are broadly higher as most markets take a breather after last week's dismal performance. The second largest digital token, Ethereum, is outperforming Bitcoin on news that several spot ETFs will start trading today. Manuel Villegas of Next Generation Research explains what potential investors in these ETFs need to consider.00:00 Introduction by Bernadette Anderko (Investment Writing)00:27 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:21 Digital assets update: Manuel Villegas (Next Generation Research)10:41 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.

There has been no summer lull in the markets so far. After last week's broad-based weakness in equity markets, a massive IT outage on Friday that caused global chaos and US President Joe Biden's announcement that he is dropping out of the race for the White House are keeping markets on their toes. Mensur Pocinci, Head of Technical Analysis, discusses the implications for broader trends from a technical perspective and why he sees the recent weakness in equity markets as a healthy consolidation, with the larger positive trends remaining intact.00:00 Introduction by Bernadette Anderko (Investment Writing)00:48 Markets wrap-up by Jan Bopp (Investment Writing)07:08 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)11:21 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 your favourite podcast player. 

The move away from large cap technology companies towards small cap and more cyclical names remains the big theme in the markets and led to a broad sell-off in US equities yesterday. Meanwhile in Europe, the European Central Bank decided to leave its main refinancing rate unchanged at 4.25% at its meeting yesterday. Across Asia, equities have largely struggled today, with the Hang Seng Index leading regional declines. Tim Gagie, Head of FX & PM Solutions in Geneva, joins the show today to share his thoughts on the recent moves in gold, the US dollar, the Japanese yen and the Swiss franc.00:00 Introduction by Helen Freer (Investment Writing)00:48 Markets wrap-up by Lucija Caculovic (Investment Writing)06:14 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)11:34 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, especially those in the IT and communication services sectors, came under heavy pressure yesterday as investors were forced to price in new political developments – political markets are back in focus. Nicolas Jordan from the CIO office talks about how our investment strategy is dealing with the new situation, and Norbert Rücker, Head of Economics and Next Generation Research, remains cautious on oil.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Roman Canziani (Head of Investment Writing)07:03 Energy markets: Norbert Rücker (Head of Economics & Next Generation Research)11:35 Latest news from the CIO Office: Nicolas Jordan (CIO Strategy & Investment Analysis)14:49 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.

Rotation is the key word in financial markets at the moment, as leadership of the US market has shifted very quickly from the Magnificent 7 to the broader market. Mathieu Racheter, Head of Equity Strategy Research, talks about how investors should position themselves in this environment and sheds some light on the ongoing earnings season. And we have Dario Messi, Head of Fixed Income Research, on the show. He talks about the recent move lower in bond yields as well as expectations for tomorrow’s ECB meeting.00:00 Introduction by Bernadette Anderko (Investment Writing)00:38 Markets wrap-up by Jan Bopp (Investment Writing)06:44 Bonds update: Dario Messi (Head of Fixed Income Research)11:12 Q2 earnings season update by Mathieu Racheter (Head of Equity Strategy)15:24 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.

US stock markets are broadly higher as the odds increase that former President Donald Trump will return to the Oval Office in 2025. Meanwhile, European equities are suffering from a string of underwhelming economic data out of China. And Bitcoin is on the rise after Germany sold all of its confiscated tokens last week. Manuel Villegas from Next Generation Research talks about this and also links the performance of the largest digital asset to the US elections.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up: Roman Canziani (Head of Investment Writing)06:40 Digital assets update by Manuel Villegas (Next Generation Research)09:56 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.

European and US markets closed the week higher with some stock rotation in evidence after Thursday’s US CPI data fuelled optimism of a first Fed rate cut in September. The big banks started to announce Q2 earnings, and more than 40 S&P 500 companies are due to report second-quarter earnings this week. Then came the shock attempt on Donald Trump’s life at a rally in Pennsylvania. He escaped serious injuryand as he plans the next stages of his presidential campaign, pollsters currently see a higher likelihood of him winning the race. Mensur Pocinci, Head of Technical Analysis, gives his insights into where the markets might go from here.00:00 Introduction by Helen Freer (Investment Writing)00:28 Markets wrap-up by Bernadette Anderko (Investment Writing)08:00 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis 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 your favourite podcast player.

Bond markets rallied as signs of US disinflation reinforced bets the Fed will cut rates in September. This led to heavy profit-taking in the big tech space and a strong rotation into previously unloved stocks, which pulled the S&P 500 lower, while small caps jumped higher. And Tim Gagie, Head of FX & PM Solutions Geneva, also joins the show. He talks about the strength in gold, the weak US dollar and what’s behind the recent rise of the yen.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Jan Bopp (Investment Writing)05:38 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva10:29 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.