Moving Markets

While equities traded slightly lower yesterday ahead of some key economic data due today, all the action was around Bitcoin, the largest digital asset, which shot through the USD 60,000 mark, accelerating a rally that has seen it gain 50% in February alone. And Norbert Rücker, Head of Economics and Next Generation Research, puts the latest moves in the energy market into perspective - the main message being that the energy crisis is over.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:59 European energy markets by Norbert Rücker (Head of Economics & Next Generation Research)10:57 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 most investors are eagerly awaiting tomorrow's US inflation numbers, yesterday's data releases have raised some doubts about the stability of the US economy. Meanwhile in Asia, new government initiatives in Hong Kong are boosting the property sector, while the Chinese government is tightening its national security protocols. Corporate news is also moving markets, such as Apple's decision to abandon its decade-long effort to develop an electric car. In today's episode, our equity strategist, Nenad Dinic, explains why the Indian stock market stands out amongst its emerging market peers.00:00 Introduction by Bernadette Anderko (Investment Writing)00:23 Markets wrap-up by Lucija Caculovic (Investment Writing)05:45 Indian equities by Nenad Dinic (Equity Strategy)11:27 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 benchmark equity indices broke their winning streak yesterday as fresh economic data underwhelmed investors. In Japan, core consumer inflation slowed for a third straight month in January but beat forecasts, fuelling speculation that the central bank may soon abandon its negative-interest-rate policy. And Manuel Villegas, Next Generation Research, joins us with an update on Bitcoin spot ETFs and looks at why a supply squeeze may lie ahead.00:00 Introduction by Bernadette Anderko (Investment Writing)00:24 Markets wrap-up by Jonti Warris (Investment Writing)06:08 Digital assets update by Manuel Villegas (Next Generation Research)10:15 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. 

While equity markets are pushing higher, bond investors need to navigate carefully. Last week’s FOMC minutes, PMIs and employment data, all had a hawkish tilt to them. US weekly jobless claims fell more than expected, showing the continued strength in the US labour market. The price components of the PMI data showed that inflationary pressures remain. And the FOMC minutes sent a clear message that the members have ruled out any interest rate cuts in the near future. Mensur Pocinci, our Head of Technical Analysis, joins the show to talk in more detail about the Japanese rally and what springtime might have in store for Swiss equities.00:00 Introduction by Bernadette Anderko (Investment Writing)00:27 Markets wrap-up by Jan Bopp (Investment Writing)05:46 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)09:57 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.

Nothing is certain but death and taxes … and Nvidia beating earnings. Global equity markets stormed to fresh all-time highs on Thursday following Nvidia’s blowout earnings report. The company added USD 277 billion to its market capitalisation yesterday alone, making this the biggest single-session gain in value of all time. The Nvidia-led optimism sent the S&P 500, Nasdaq 100 and Dow Jones indices to new all-time highs. However, all global equities benefited yesterday, with Europe also reaching new all-time highs. Luca Menozzi from Next Generation Research joins the show today to talk about the automation and robotics theme.00:00 Introduction by Lucija Caculovic (Investment Writing)00:24 Markets wrap-up by Jan Bopp (Investment Writing)05:37 Automation and Robotics by Luca Menozzi (Next Generation Research)09:02 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 your favourite podcast player. 

Giant chipmaker Nvidia published an eye-watering set of results and forecasts yesterday, sparking a rally in Asian equities this morning. Meanwhile, the minutes from the Federal Reserve’s last meeting provided more fuel to those believing that interest rates will remain where they are for longer. David Kohl, Chief Economist, puts things into perspective after the latest round of inflation prints, and Nicolas Jordan updates us on the latest views from the CIO Office.00:00 Introduction by Helen Freer (Investment Writing)00:43 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:45 Inflation/central bank outlook in US and Switzerland by David Kohl (Chief Economist)10:58 Latest news from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)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.

Concerns that Nvidia may miss high expectations for its quarterly results and that the technology sector is overvalued have weighed on the broader US equity market. Later today, investors will look to the January FOMC meeting minutes for fresh clues on the Federal Reserve’s outlook. In Asia, China’s stimulus measures appear to have been successful, with stock indices rising. In today’s episode, Dario Messi from Fixed Income Research provides an update on our fixed income strategy and Mathieu Racheter, Head of Equity Strategy, discusses cyclicals versus defensive.00:00 Introduction by Roman Canziani (Head of Investment Writing)00:33 Markets wrap-up by Lucija Caculovic (Investment Writing)06:34 Fixed Income update by Dario Messi (Fixed Income Research)11:38 Cyclicals vs. defensives by Mathieu Racheter (Head Equity Strategy)14:14 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 wherever you get your podcasts.

Global markets have been subdued over the last 24 hours given the US holiday. In very quiet markets, the STOXX 600 built on its run of four consecutive weekly gains to close within touching distance of its record high. Overnight attention was focused on China, where stocks fluctuated after domestic banks cut a key mortgage reference rate by a record amount. Manuel Villegas from the Next Generation Research team provides the latest news on digital assets.00:00 Introduction by Helen Freer (Investment Writing)00:28 Markets wrap-up by Jan Bopp (Investment Writing)06:20 Digital assets update by Manuel Villegas (Next Generation Research)09:06 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. 

While US bond markets continued to sell off last week on higher-than-expected inflation data, equities were less impressed. However, European equities managed to eke out a gain over the week for the fourth time in as many weeks. Meanwhile, Mensur Pocinci, our Head of Technical Analysis, remains bullish on US equities and shares his views on whether he thinks Japanese equities can go even higher.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:59 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)10:13 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 are close to their 2022 highs, Japanese equities are just below their 1989 highs, and US equities closed at an all-time high with the rally broadening beyond the Magnificent 7. The European bond market saw the largest corporate bond offering in more than a year from Siemens, which was more than three times oversubscribed. Shares in Hong Kong are showing signs of life, up for a third day in a row, as consumer spending in China is picking up with a surge in travel during the first six days of the holiday. Tim Gagie, Head of FX & PM Solutions Geneva, says that markets got to excited about rate cuts, and discusses the implications for currency markets.00:00 Introduction by Bernadette Anderko (Investment Writing)00:28 Markets wrap-up by Mike Rauber (Investment Writing)07:32 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)12:49 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.