Moving Markets

European stocks closed broadly higher on Wednesday whilst the US took a breather, with some of the big tech stocks lower on the day. Japan was the standout Asian stock market with stocks boosted by an advance in commodity companies and a slightly weaker yen. The general market focus now turns to US PPI data due out today. Our Head of Economics & Next Generation Research Norbert Rücker, gives his latest thoughts on the oil market, and Nicolas Jordan provides the latest market insights from our CIO office.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Bernadette Anderko (Investment Writing)06:22 Oil market update by Norbert Rücker (Head of Economics & Next Generation Research)10:05 Latest news from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)14:04 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

US and European equity markets put in another strong performance yesterday, climbing to fresh records as the latest hotter-than-expected inflation figures did little to alter bets the Federal Reserve will cut rates this year - even if officials keep a more cautious stance for now. Dario Messi, Fixed Income Strategist, shares details about yesterday’s US inflation report and what it means for the Fed and bond investors.00:00 Introduction by Bernadette Anderko (Investment Writing)00:27 Markets wrap-up by Jan Bopp (Investment Writing)05:37 Bond market update by Dario Messi (Fixed Income Strategy)09:54 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 equities ended mostly lower in a calmer session yesterday ahead of today’s eagerly awaited inflation print out of the US. The Japanese yen fell against its peers after the latest comments from Bank of Japan Governor Ueda. Manuel Villegas, Next Generation Research, provides an update on Bitcoin and shares his insights into what’s driving its string of new all-time highs.00:00 Introduction by Helen Freer (Investment Writing)00:25 Markets wrap-up by Jonti Warris (Investment Writing)05:30 Digital assets update by Manuel Villegas (Next Generation Research)09:42 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. 

The US labour market continues to cool, but red-hot Nvidia first hit a record high then recorded a 10% intra-day drop, the USD had its longest losing streak since last October, and gold and Bitcoin reached all-time highs – these are just some of the headlines from last week. Asia is starting this week with better inflation figures out of China, but prospects of higher interest rates and a stronger JPY mean that Japanese shares are off their all-time high. Mensur Pocinci, our Head of Technical Analysis Research, notes that in a bull market, momentum peaking indicates a slowing uptrend, which is followed by a sideways consolidation, not a lasting decline in prices.00:00 Introduction by Helen Freer (Investment Writing)00:26 Markets wrap-up by Mike Rauber (Investment Writing)07:09 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)11:02 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.

Both European and US stock market indices rally to new all-time highs as the two most important central bankers hint at interest rate cuts as early as this summer. In currencies, the Japanese yen is higher again this morning, trading at multi-month highs against the US dollar. And Carsten Menke, our Head of Next Generation Research, shares his thoughts on why he thinks gold's rally has no legs.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Roman Canziani (Head of Investment Writing)07:13 Gold by Carsten Menke (Head of Next Generation Research)10:36 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 your favourite podcast player. 

After Fed Chair Jerome Powell’s congressional testimony yesterday, US equity markets rallied further, recouping some of Tuesday's pullback. And Europe’s STOXX 600 index reached an all-time high yesterday, ahead of today’s ECB policy rate decision. Tim Gagie, Head of FX & PM Solutions Geneva, joins us with an update on currencies and precious metal markets. And Richard Tang, Head of Research Hong Kong, talks to us about the outcome of China’s ‘Two Sessions’ politburo meeting.  00:00 Introduction by Bernadette Anderko (Investment Writing)00:36 Markets wrap-up by Jonti Warris (Investment Writing)07:34 Currencies and metals markets update by Tim Gagie (Head of FX & PM Solutions Geneva)13:02 Outcome of China’s ‘Two Sessions’ by Richard Tang (Head of Research Hong Kong)18:46 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.

Markets were on the back foot yesterday, dragged down by tech giants such as Tesla and Apple, which added to their year-to-date losses. While tech stocks led the declines, the losses were fairly broad-based. In addition to the tech correction, some weaker than expected economic data added to fears that a soft landing might not be a done deal. The general weakness in data helped to push government bond yields lower throughout the day, with gold and bitcoin hitting new all-time highs in intraday trading. Dario Messi, Fixed Income Strategist, gives more insight into what to expect from central bank meetings in the coming weeks.00:00 Introduction by Bernadette Anderko (Investment Writing)00:27 Markets wrap-up by Jan Bopp (Investment Writing)06:30 A big central bank month: Dario Messi (Fixed Income Strategy)11:40 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.

It’s a big day in politics today. Not only is it Super Tuesday in the US where primaries are being held, but China has also kicked off its National People’s Congress today, where it has set its annual growth target ‘at around 5%’. So far, China has not announced any major fiscal stimulus and as such, Asia-Pacific markets are mostly lower today. This also follows yesterday’s session in the US, where stocks took a breather from the recent rally. Meanwhile, for Bitcoin, it looks like there is no stopping the rally and we have Manuel Villegas on the show to share his views on the latest developments there.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Lucija Caculovic (Investment Writing)05:48 Digital assets update by Manuel Villegas (Next Generation Research)09:45 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 wherever you get your podcasts.

European and US equity indices reached new highs on Friday and indeed, one bank has now set a 5,400 year-end target for the S&P 500. And the rally continues in Asia this morning with both Japan and India setting new highs. Ahead of a busy week that will culminate with the all-important US employment report on Friday, our Head of Technical Analysis Mensur Pocinci tackles the technical challenges of trying to spot the end of a rally … before moving on to grapple with other technical conundrums.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Bernadette Anderko (Investment Writing)07:29 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)11:25 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 your favourite podcast player. 

The release of US and European inflation data eased concerns about renewed price pressures, pushing bond yields lower and giving a boost to US equities in particular, with the S&P 500 and Nasdaq closing at all-time highs. But the real star of February in terms of monthly equity performance was Asia, with Japan (also at an all-time high) and China outperforming global equities. And India just raised its growth forecast to 7.6%, the strongest figure among the major economies. In Switzerland, there was a surprise announcement that the chairman of the Swiss National Bank, Thomas Jordan, has decided to step down. Tim Gagie, Head of FX & PM Solutions in Geneva, talks about how, contrary to some perceptions, range-bound currency markets are quite attractive.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Mike Rauber (Investment Writing)06:13 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)10:17 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 your favourite podcast player.