Moving Markets

Equity markets rallied yesterday, shrugging off Tuesday’s US inflation data whilst embracing earnings announcements. Slightly tarnishing the mood came the news this morning that the economies in both Japan and the UK have contracted for two consecutive quarters, which means that they are technically in a recession. Despite this, the Nikkei 225 closed above 38,000 today for the first time since 1990. Carsten Menke, Head of Next Generation Research, talks us through the outlook for gold and silver.00:00 Introduction by Helen Freer (Investment Writing)00:23 Markets wrap-up by Bernadette Anderko (Investment Writing)05:58 Gold update by Carsten Menke (Head of Next Generation Research)09:50 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 and bond markets sold off after US CPI data topped estimates. The tech heavy Nasdaq was hit the hardest while the broader S&P 500 fell back below the 5,000 mark. Yields increased strongly. Dario Messi, Fixed Income Strategist, talks about how to position in such a market. And Mathieu Racheter, Head of Equity Strategy, gives an update on the earnings season.00:00 Introduction by Bernadette Anderko (Investment Writing)00:24 Markets wrap-up by Jan Bopp (Investment Writing)07:18 Bond Market update by Dario Messi (Fixed Income Strategy)12:02 Earnings Season update by Mathieu Racheter (Head of Equity Strategy)17:01 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. 

US consumer expectations for inflation over the medium term have dropped to the lowest level since 2013 ahead of today’s key US CPI inflation print. Hotter-than-expected UK unemployment data is encouraging news for the labour market in the UK, where the Bank of England remains cautious about cutting interest rates prematurely. And Manuel Villegas, Next Generation Research, joins us to share his insights into crypto assets and the drivers behind the recent rally in Bitcoin.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Jonti Warris (Investment Writing)07:04 Digital assets update by Manuel Villegas (Next Generation 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. 

US equity markets are greeting this week at lofty levels, having been driven higher and higher by the tech mega-caps, despite the recent rise in yields. Even European markets managed to close last week higher for the third time in a row. Are investors too euphoric? Mensur Pocinci, our Head of Technical Analysis, does not think so. Rather, he says, they were too pessimistic going into 2024.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:26 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)10:01 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 major US and European stock indices only moved slightly, but the reaction to earnings surprises was very strong, including that of stocks such as ARM, SoftBank, Disney and L'Oreal, to name but a few. US Treasury Secretary Janet Yellen addressed concerns about the US commercial real estate market and focused on non-bank mortgage lenders. Bitcoin is showing strong gains as the new ETFs in the US are seeing steady inflows. Thomas Caflisch, Head of FX & PM Solutions, talks about how to invest in currencies when FX markets are calm.00:00 Introduction by Helen Freer (Investment Writing)00:21 Markets wrap-up by Mike Rauber (Investment Writing)06:52 Currencies and metals by Thomas Caflisch (Head of FX & PM Solutions)08:55 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 extended their rally yesterday on prospects that a solid global economy will continue to fuel corporate earnings. The S&P 500 climbed to a new high just shy of the milestone 5,000 mark, as the rally led by technology stocks powered ahead. We speak to our Head of Economics & Next Generation Research, Norbert Rücker, who gives an update on the natural gas market. And Nicolas Jordan, CIO Strategy & Investment Analysis, joins us to share the latest views from the CIO Office.00:00 Introduction by Helen Freer (Investment Writing)00:34 Markets wrap-up by Jonti Warris (Investment Writing)07:25 Natural gas update by Norbert Rücker (Head of Economics & Next Generation Research)11:25 Latest news from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)14:22 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. 

In the absence of any significant economic data releases, equity markets take a breather and US Treasury yields slightly retreat after a period of volatility following strong US labour market data and Jerome Powell’s comments on Sunday. Richard Tang, Head of Research Hong Kong, shares his thoughts on the latest policy actions in China and Mathieu Racheter, Head of Equity Strategy, provides an update on the US earnings season.00:00 Introduction by Bernadette Anderko (Investment Writing)00:25 Markets wrap-up by Roman Canziani (Head of Investment Writing)07:07 Chinese equities by Richard Tang (Head of Research, Hong Kong)12:23 Earnings Season update by Mathieu Racheter (Head of Equity Strategy)15:52 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. 

Yesterday's strong economic data from the US prompted traders to scale back their expectations regarding interest rate cuts, sending Treasury yields higher along with the US dollar. Equity markets suffered across the board, but overnight news of new Chinese stimulus measures improved market sentiment. We are about halfway through the earnings season and it is still making plenty of headlines. Dario Messi, from Fixed Income Research, also shares an update on bond markets in today’s show.00:00 Introduction by Helen Freer (Investment Writing)00:30 Markets wrap-up by Lucija Caculovic (Investment Writing)05:33 Fixed income market update by Dario Messi (Fixed Income Strategist)09:00 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 your favourite podcast player. 

On Friday US bond yields soared, the USD strengthened and expectations for the size of the 2024 rate cuts were scaled back. Equities didn’t mind, with the US indices reaching new all-time highs. All of this was driven by a red-hot US January jobs report last Friday, following an already eventful week for financial markets on the back of some exciting earnings reports. Mensur Pocinci, Head of Technical Analysis, joins the show today to discuss the technical setup of the market and why equity markets continue to have all the characteristics of a bull market.00:00 Introduction by Helen Freer (Investment Writing)00:26 Markets wrap-up by Jan Bopp (Investment Writing)07:13 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)10:20 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 falling on Wednesday on renewed concerns about the path of US interest rate cuts and the state of commercial property valuations, equities bounced back yesterday - Meta, Amazon and Apple all delivered solid earnings reports after the close of trading, sending equity market futures higher. Tim Gagie, Head of FX and PM Solutions in Geneva, shares his views on how investors can make the most of the current environment in the FX markets.00:00 Introduction by Helen Freer (Investment Writing)00:21 Markets wrap-up by Roman Canziani (Head of Investment Writing)07:02 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)11:04 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 your favourite podcast player.