Moving Markets

Carsten Menke, Head of Next Generation Research, discusses the overly bullish sentiment in the gold market. The podcast also covers the equity market rally, Federal Reserve Governor Waller's comments on interest rate cuts, and the impact of upcoming economic data releases.

Dario Messi, a Fixed Income Research analyst, discusses the impact of the falling yen on Japanese stocks and the Swiss National Bank's interest rate decision on Swiss franc-denominated bonds. The podcast also covers key market movements in Asia, US economic data, and insights on various market indicators and central bank actions globally.

Social media stocks are in the spotlight as the EU takes a closer look at their activities and Florida Governor Ron DeSantis signs a bill banning minors under 14 from having social media accounts. In fixed income, the US yield curve has been inverted for more than 430 trading days, the longest period on record. In Asia, the Chinese government continues its efforts to shore up confidence amid a slowdown in foreign investment. Meanwhile, cocoa prices are at an all-time high, trading higher than copper for the first time ever. Manuel Villegas from Next Generation Research talks about Bitcoin’s healthy correction and what’s next for the world’s number one digital asset.00:00 Introduction by Lucija Caculovic (Investment Writing)00:23 Markets wrap-up by Mike Rauber (Investment Writing)06:20 Digital assets update by Manuel Villegas (Next Generation Research)10:04 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.

US equities had their best week of the year, with the technology sector leading the way. Global equities were also strong. The broader risk-on sentiment was driven by relatively dovish central bank meetings on both sides of the Atlantic, including the first G10 rate cut of the cycle by the SNB. The dovish backdrop led to a sharp fall in global government bond yields. Mensur Pocinci, Head of Technical Analysis, joins the show to discuss the market's technical setup and what the strong momentum in European equity markets means going forward.00:00 Introduction by Bernadette Anderko (Investment Writing)00:59 Markets wrap-up by Jan Bopp (Investment Writing)05:15 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)08:48 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 wherever you get your podcasts.

The Swiss National Bank (SNB) surprised markets by cutting interest rates ahead of other major central banks, sending Swiss equities higher yesterday. Equities were also higher elsewhere: in the US, all three major indices closed at record levels, and European equities also ended at new all-time highs, with UK equities seeing strong gains. Overnight in Asia, however, stock markets were mostly lower, with Japan – once again – being the outlier. Tim Gagie, Head of FX & PM Solutions Geneva, and Markus Waeber from Real Estate Advisory join today’s show to discuss what the central banks' decisions mean for the FX and Swiss real estate markets.00:00 Introduction by Helen Freer (Investment Writing)00:45 Markets wrap-up by Lucija Caculovic (Investment Writing)07:02 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)12:22 What the SNB rate cut means for the Swiss real estate market by Markus Waeber (Head Indirect Real Estate Advisory & Intelligence)15:03 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 stocks rallied yesterday, closing at all-time highs after the US Federal Reserve left its benchmark interest rate unchanged for a fifth straight meeting in a range of 5.25 to 5.5 percent. The market optimism is extending to Asia today, where stocks are at their highest levels in nearly two years as the tech sector rallies. Carsten Menke, Head of Next Generation Research, provides an update on industrial production in China, what this means for industrial metals and why we like copper.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Jonti Warris (Investment Writing)05:45 Industrial metals by Carsten Menke (Head of Next Generation Research)09:10 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.

Investors adopted a cautious stance ahead of the much-anticipated Fed decision, with government bond yields stabilising yesterday. That didn’t stop equities in the US and Europe from reaching new record highs. The focusnow moves to central banks for the rest of the week. Dario Messi, Fixed Income Strategist, talks about the Bank of Japan, the Swiss National Bank and what to expect from the FOMC meeting today.00:00 Introduction by Bernadette Anderko (Investment Writing)00:25 Markets wrap-up by Jan Bopp (Investment Writing)07:10 Bond markets and central banks by Dario Messi (Fixed income Strategy)11:59 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.

After 17 years, the Bank of Japan has become the last global central bank to end its negative interest rate policy, but the JPY is lower as some expected even more policy tightening. US equities outperformed on strength in AI names, in particular Alphabet. Nvidia unveiled a new chip that is up to 30 times faster than its predecessor. Demand for high yield bonds remains strong despite low spreads. Oil has moved above its range from earlier in the year amid supply concerns. Manuel Villegas from Next Generation Research talks about how the price of Bitcoin has become a function of demand for the new spot Bitcoin ETFs.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Mike Rauber (Investment Writing)07:16 Digital assets update by Manuel Villegas (Next Generation Research)10:00 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 wherever you get your podcasts.

With a number of major central banks meeting this week, volatility will potentially return to equity markets. Slightly weaker economic growth data, coupled with inflation that is proving stickier than expected, is making life difficult for central bankers now. Mensur Pocinci, Head of Technical Analysis, explains why investing at market tops tends to be beneficial over time.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:15 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis 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.

Higher-than-expected producer prices spooked investors yesterday, sending Treasury yields and the US dollar higher and equity markets lower. In Asia, the People’s Bank of China kept its one-year medium term lending facility rate unchanged and investors are now focusing on Japan’s interest rate decision next week. Bitcoin saw a pullback, while oil climbed to a fresh 2024 high after the International Energy Agency warned of a supply deficit throughout this year. Tim Gagie, Head of FX & PM Solutions Geneva, joins today’s show to share his insights on the FX markets.00:00 Introduction by Helen Freer (Investment Writing)00:25 Markets wrap-up by Lucija Caculovic (Investment Writing)06:16 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)10:23 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.