Moving Markets

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. 

The Fed held interest rates steady yesterday but pushed back on the prospect of rate cuts in March. US equities took a hit on Wednesday after some of the biggest names failed to live up to high expectations, dragging European markets lower in the afternoon session. Softer price data out of Europe and concerns over a regional US bank led to a rally in bonds. Norbert Ruecker, Head of Macro & Next Generation Research, shares his latest insights on the oil market, and Ronny Kaufmann from our CIO Office talks about the ongoing earnings season.00:00 Introduction by Bernadette Anderko (Investment Writing)00:30 Markets wrap-up by Jan Bopp (Investment Writing)06:11 Commodity update by Norbert Rücker (Head of Economics and Next Generation Research)09:17 Latest from the Investment Committee by Ronny Kaufmann (CIO Strategy & Investment Analysis)14:30 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. 

The latest GDP figures from the eurozone boosted equities in the region yesterday. Meanwhile, the US reported a robust labour market and strong consumer confidence ahead of today’s interest rate decision, both of which suggest that the US economy remains in good health. In China, manufacturing activity remained in contraction mode while services activity continued to expand. China is also reportedly planning to merge hundreds of rural banks into regional giants. Dario Messi, from Fixed Income Research, joins today’s show to outline our view on TIPS and Mathieu Racheter, Head of Equity Strategy, updates us on the Q4 earnings season.00:00 Introduction by Bernadette Anderko (Investment Writing)00:37 Markets wrap-up by Lucija Caculovic (Investment Writing)06:49 Now is not the time for TIPS by Dario Messi (Fixed Income Strategy)12:05 Earnings Season update by Mathieu Racheter (Head of Equity Strategy)15:41 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. 

The S&P 500 recorded a fresh record high yesterday ahead of key economic reports and central bank action this week, which could prove pivotal for markets in 2024. We speak to our Head of Research in Hong Kong, Richard Tang, who shares his views on the health of China’s real estate sector and the impact for the broader Chinese and Hong Kong markets. Manuel Villegas, Next Generation Research, joins us to discuss the key drivers behind the selloff in Bitcoin in recent weeks.00:00 Introduction by Bernadette Anderko (Investment Writing)00:24 Markets wrap-up by Jonti Warris (Investment Writing)07:44 Evergrande liquidation impact by Richard Tang (Head of Research, Hong Kong)12:17 Digital assets update by Manuel Villegas (Next Generation Research)16:05 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. 

LVMH and Richemont earnings reports drove luxury stocks higher last week, with Eurozone equities outperforming. US equities underperformed, but still reached an all-time high. This week will be all about the Fed, but also the Bank of England’s interest rate decision. Alphabet, Apple, Amazon, Microsoft and Meta (five of the Magnificent 7) will also likely drive markets as they report earnings. Geopolitical tensions will be in focus after the first US troops were killed in the Middle East since hostilities between Israel and Hamas began. Mensur Pocinci, Head of Technical Analysis, notes that the path of least resistance in the markets is for bond yields to fall and (US growth) equities to rise.00:00 Introduction by Lucija Caculovic (Investment Writing)00:27 Markets wrap-up by Mike Rauber (Investment Writing)06:18 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)09:19 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. 

Equities kept their positive momentum yesterday, with the S&P 500 closing at another record high and yields falling across the entire yield curve amid softer US price data and a more dovish than expected ECB. Tim Gagie, Head of FX & PM Solutions Geneva, shares his thoughts on what this means for FX markets and suggests taking advantage of increased volatility, while Nenad Dinic from our Equity Strategists team gives us an update on the Q4 earnings season and why he still prefers US over European equities.00:00 Introduction by Lucija Caculovic (Investment Writing)00:42 Markets wrap-up by Jan Bopp (Investment Writing)06:46 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)11:38 Earnings season update by Nenad Dinic (Equity Strategy)15:19 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. 

Large-cap US tech stocks rallied yesterday, with Microsoft closing just shy of a USD 3 trillion market cap, while most other sectors were lower as yields on 30-year US Treasuries rose to their highest this year. Germany's DAX index closed at an all-time high following strong gains in SAP and some better-than-expected German manufacturing data. The rally in Chinese equities continued for a second day. Today's focus will be on central banks, including the ECB, and earnings from heavyweights such as LVMH. Carsten Menke, Head of Next Generation Research, discusses the outlook for the Future Mobility and Circular Economy investment themes.00:00 Introduction by Helen Freer (Investment Writing)00:30 Markets wrap-up by Mike Rauber (Investment Writing)06:31 Future Mobility and Circular Economy by Carsten Menke (Head of Next Generation Research)11:42 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. 

As equity markets in Europe struggle for direction, US stocks advanced, with the S&P 500 reaching a fresh all-time closing high. In politics, Donald Trump defeated Nikki Haley to win the key New Hampshire primary, in what pundits are claiming is now a done deal for Trump moving ahead. And Dario Messi, Fixed Income Strategy, shares with us his views on European government bonds ahead of the ECB’s policy meeting tomorrow.00:00 Introduction by Bernadette Anderko (Investment Writing)00:40 Markets wrap-up by Jonti Warris (Investment Writing)07:23 European government bonds by Dario Messi (Fixed Income Strategy)11:54 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 your favourite podcast player. 

In the US, both the Dow Jones Industrial Average and the S&P 500 hit new all-time highs yesterday, suggesting that Wall Street is indeed in a bull run. Meanwhile, in Asia, the Bank of Japan kept its monetary policy unchanged and Chinese authorities are reportedly planning fresh stimulus measures to help ailing stock markets both onshore and offshore. In Europe, Italy’s yield premium over Germany narrowed to its smallest in almost two years. Manuel Villegas from Next Generation Research joins the show today to discuss the implications of the US Securities and Exchange Commission’s approval of Bitcoin ETFs.00:00 Introduction by Bernadette Anderko (Investment Writing)00:21 Markets wrap-up by Lucija Caculovic (Investment Writing)07:12 Digital assets update by Manuel Villegas (Next Generation Research)10:46 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 your favourite podcast player. 

The S&P 500 closed at an all-time high last week, but European stocks ended the week lower. This morning the Nikkei 225 is up more than 1.6% but China’s stocks are in the red. Investors now anticipate European Central Bank policy decisions and two major US data reports at the end of this week. Mensur Pocinci, Head of Technical Analysis, reveals what the charts are saying about the current market situation and Richard Tang, Head of Research Hong Kong, provides insights into the Chinese equity doldrums.00:00 Introduction by Mike Rauber (Investment Writing)00:37 Markets wrap-up by Bernadette Anderko (Investment Writing)05:39 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)09:44 China markets by Richard Tang (Head of Research Hong Kong)14:45 Closing remarks by Mike Rauber (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.