Moving Markets

German inflation accelerated for the first time since December, while China PMI data releases point to a slowly healing economy and Tesla's 15% gain helps the S&P 500 close slightly higher. Japanese stocks are gaining, with the focus on yesterday's currency intervention. Samsung's profits rise on AI demand for its chips, while German carmakers report a drop in profits. Manuel Villegas, Next Generation Research, says that macro-economic factors are in the driving seat when it comes to Bitcoin. Mathieu Racheter, Head of Equity Strategy, highlights that the US earnings season is surprising on the upside.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Mike Rauber (Investment Writing)07:40 Digital assets update by Manuel Villegas (Next Generation Research)11:26 Q1 Earnings Season update by Mathieu Racheter (Head of Equity Strategy Research)13:42 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. 

Equity markets ended a volatile week on a strong note, with US markets recording their best week since November. Earnings generally boosted markets, although US inflation and activity data were worrying, and yields remained elevated. In the commodities space, M&A talks are adding some noise as miners look to increase their share of copper production. Markus Wachter from our Technical Analysis team talks about the technical setup of the markets and what to expect from equities, currencies and gold in the coming months.00:00 Introduction by Helen Freer (Investment Writing)00:23 Markets wrap-up by Jan Bopp (Investment Writing)06:38 Technical Analysis update by Markus Wachter (Technical Analysis Research)10:29 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.

While central bankers in Europe are sending signals that monetary easing may be around the corner, the Bank of Japan left its key interest rate unchanged overnight. Meanwhile in the US, stocks tumbled after data showed a sharp slowdown in economic growth and pointed to persistent inflation. The earnings season continues to make headlines, particularly the big tech companies, whilst Anglo American has rejected BHP's takeover bid. Tim Gagie, Head of FX & PM Solutions in Geneva, joins the show today to talk about the Japanese yen and the US dollar.00:00 Introduction by Helen Freer (Investment Writing)00:23 Markets wrap-up by Bernadette Anderko (Investment Writing)05:15 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)09:25 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.

Markets have had a challenging 24 hours, with equities flat in the US but lower in Europe as bonds sold off and disappointing revenue guidance from Meta weighed particularly on the tech sector overnight. Our Head of Economics & Next Generation Research, Norbert Rücker, talks about the energy market amid geopolitical risks, and Nicolas Jordan from the CIO office talks about the impact of endogenous and exogenous risks on markets and how they have adjusted their asset allocation amidst the recent volatility.00:00 Introduction by Helen Freer (Investment Writing)00:30 Markets wrap-up by Jan Bopp (Investment Writing)05:41 Energy market update by Norbert Rücker (Head of Economics & Next Generation Research)09:58 Latest news from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)14:36 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.

While the earnings season remains in focus, yesterday’s release of PMI data from around the globe helped to assess the economic environment. Equity markets across the board posted positive gains as investors bought into the dip in tech stocks and a strong batch of corporate earnings eased concerns about higher interest rates. In the Asia-Pacific region, Australia reported a slowdown in inflation, while the Bank of Japan is again said to be looking at currency intervention. Mathieu Racheter, Head of Equity Strategy, joins the show today to provide an update on the ongoing earnings season.00:00 Introduction by Bernadette Anderko (Investment Writing)00:25 Markets wrap-up by Lucija Caculovic (Investment Writing)07:08 Q1 Earnings Season update by Mathieu Racheter (Head of Equity Strategy)10:51 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 your favourite podcast player. 

Following last week’s worst selloff in a year, US equities turned a corner yesterday as the risks of a Middle East escalation appeared to ease. Investor sentiment was decidedly more risk-on as this week’s corporate earnings and economic data shifted into focus. Dario Messi, Fixed Income Strategy, discusses the impact of geopolitics on bond markets and talks about emerging market debt in the current climate.00:00 Introduction by Bernadette Anderko (Investment Writing)00:25 Markets wrap-up by Jonti Warris (Investment Writing)05:18 The dominance of inflation signals by Dario Messi (Fixed Income Strategy)08:49 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. 

Markets are in a rallying mood this morning, with most major Asia-Pacific equity markets up on the lack of signs of further escalation in the Middle East. This follows a dismal end to the week in US trading, with the AI darlings in particular weighing on markets. And Richard Tang, our Head of Research in Hong Kong, takes us on a tour of Asia in 80 seconds and explains why Japan remains his top pick.00:00 Introduction by Bernadette Anderko (Investment Writing)01:14 Markets wrap-up by Roman Canziani (Head of Investment Writing)07:10 Asian Markets Update by Richard Tang (Head of Research Hong Kong)13:18 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. 

European and US equity index futures declined overnight as global markets were rocked by fresh conflict in the Middle East that sent stocks lower while oil and safe-haven assets are trading higher. The Fed is hammering home its patient rhetoric. And Mensur Pocinci, Head of Technical Analysis, joins the show today to tell us more about the adage 'sell in May and go away' and what to expect from equity market seasonality in the coming months.00:00 Introduction by Helen Freer (Investment Writing)00:28 Markets wrap-up by Jan Bopp (Investment Writing)06:37 Special: Sell in May and go away? by Mensur Pocinci (Head of Technical Analysis Research)12:58 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. 

US equities were lower again in yesterday’s afternoon session, with a drop in orders at European semiconductor company ASML Holdings weighing on technology stocks. US and Asian authorities are pushing back against USD strength and oil is lower on ample US supply. Stocks are in the green this Thursday morning, supported by some upbeat earnings results and comments from Christine Lagarde that Europe's economy is nearing the end of its malaise. Carsten Menke, Head of Next Generation Research, talks about the impact of new sanctions imposed by the UK and US on Russian industrial metals. Tim Gagie, Head of FX&PM Solutions Geneva, comments on the Swiss franc's recent recovery and much more.00:00 Introduction by Helen Freer (Investment Writing)00:33 Markets wrap-up by Mike Rauber (Investment Writing)07:31 Impact of sanctions on Russian metals by Carsten Menke (Head of Next Generation Research)10:50 FX and metals by Tim Gagie (Head of FX & PM Solutions Geneva)14:56 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.

Yesterday the US Federal Reserve chair Jerome Powell signalled that policymakers will wait longer than previously anticipated to begin cutting interest rates. Nevertheless, despite the recent selloff, global equities are starting to show signs of stability. Investors are now betting on just one to two US rate cuts this year starting in July or September. Mathieu Racheter, Head of Equity Strategy, provides us with an update on the Q1 earnings season.00:00 Introduction by Bernadette Anderko (Investment Writing)00:20 Markets wrap-up by Jonti Warris (Investment Writing)06:28 Q1 Earnings Season update by Mathieu Racheter (Head of Equity Strategy)09:44 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.