Moving Markets

US stocks managed to hold on to last week’s gains in yesterday's trading as strategists await the testimony from a number of Federal Reserve officials later this week. Investors are eager to hear their views on whether inflation is finally under control. And did you know that some see Bitcoin as a 'store of value'? Next Generation Research's Manuel Villegas explains.00:00 Introduction by Helen Freer (Investment Writing)00:21 Markets wrap-up by Bernadette Anderko (Investment Writing)06:00 Digital assets update by Manuel Villegas (Next Generation Research)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.

Friday's US non-farm payrolls report, which showed signs of a cooling US labour market, triggered a rally in equities and a fall in bond yields. Mensur Pocinci, Head of Technical Analysis, says that this rally is likely to have legs into year-end, not only in the US but also in Europe and especially Japan.00:00 Introduction by Bernadette Anderko (Investment Writing)00:21 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:32 Technical Analysis outlook by Mensur Pocinci (Head of Technical Analysis Research)11:00 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 equities are on course for their best week of the year. Apple disappointed with its earnings release after the US close. Companies that surprised to the upside have seen their share prices rise sharply since the end of the week. The Bank of England stayed on the sidelines but remains in inflation-fighting mode. Overall, global equities could be on the cusp of a year-end rally. Tim Gagie, FX/PM PB Sales Geneva, notes that there has been a shift away from the US dollar this week.00:00 Introduction by Bernadette Anderko (Investment Writing)00:25 Markets wrap-up by Mike Rauber (Investment Writing)07:17 Update on currency and metals markets by Tim Gagie (Head of FX & PM Solutions Geneva)12:47 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 equities and Treasuries were stronger after the Fed decided to leave its key interest rate unchanged and Jerome Powell hinted that the hiking cycle might be over. Today the Bank of England is expected to keep its interest rate unchanged, remaining at its highest level since 2008. Norbert Rücker, Head of Macro & Next Generation Research, gives his views on the latest developments in the energy sector, and Nicolas Jordan from the CIO office provides an update from the latest Investment Committee meeting.00:00 Introduction by Bernadette Anderko (Investment Writing)00:28 Markets wrap-up by Alexander Petersen (Investment Writing)03:58 Energy update by Norbert Rücker (Head of Macro & Next Generation Research)08:46 Investment Committee Update by Nicolas Jordan (CIO Strategy & Investment Analysis)12:20 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. 

As inflation continues to retreat in the eurozone, consumer confidence in the US falls on worries around business conditions and the cost of living. And in Asia, disappointing PMI data is hampering the prospects of recovery for the region's exporters, while the Japanese Ministry of Finance declared it is on standby ready to intervene in currency markets to aid the ailing yen. Dario Messi, Fixed Income Strategy, shares his thoughts ahead of today’s Fed rate decision.00:00 Introduction by Roman Canziani (Head of Investment Writing)00:28 Markets wrap-up by Jonti Warris (Investment Writing)07:00 Fixed Income update by Dario Messi (Fixed Income Strategy)11:57 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 your favourite podcast player.

With no major geographical escalation over the weekend, US equities rose on Monday, helped by companies such as McDonald's which surprised on the upside with earnings. In Germany, inflation is at its lowest since 2021, but on the flip side, it is the only developed market economy in recession this year. China's economy remains fragile and the JPY is weaker as the Bank of Japan's monetary policy remains below market expectations. Mathieu Racheter, Head of Equity Strategy, notes that while the US is in an earnings recovery, Europe is still in an earnings recession. Manuel Villegas, Next Generation Research, talks about bitcoin as it moves from a payment token to a store of value; the next signpost is whether spot bitcoin ETFs will be approved by the SEC.00:00 Introduction by Bernadette Anderko (Investment Writing)00:26 Markets wrap-up by Mike Rauber (Investment Writing)06:29 Q3 Earnings update by Mathieu Racheter (Head of Equity strategy)12:53 Crypto assets update by Manuel Villegas (Next Generation Research)18:13 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 US yield curve appears stuck and the S&P 500 index is down more than 10% from its highs earlier this year. This week's Federal Reserve decision on interest rates, news of the US Treasury’s borrowing plans, employment data and earnings are all likely to determine the market's direction into the year end. Mensur Pocinci, Head of Technical Analysis, says that lows in sentiment often coincide with the lows in markets. And Luca Menozzi, Next Generation, talks about future mobility, a structural trend that is unaffected by the daily ebb and flow of financial markets.00:00 Introduction by Bernadette Anderko (Investment Writing)00:24 Markets wrap-up by Roman Canziani (Head of Investment Writing)05:26 Technical Analysis outlook by Mensur Pocinci (Head of Technical Analysis Research)09:40 Latest news on self-driving cars by Luca Menozzi (Next Generation Research Analyst)13:59 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. 

Asian equity markets were stronger this morning and US futures are higher following better than expected US GDP growth and strong earnings from two tech heavyweights. Markus Allenspach, Head of Fixed Income Research, gives his views on the ECB's decision to leave interest rates unchanged, and Bence Boldvai of FX & PM Advisory provides insight into currency and commodity movers this week.00:00 Introduction by Bernadette Anderko (Investment Writing)00:27 Markets wrap-up by Alexander Petersen (Investment Writing)04:45 ECB rate decision and ramifications for markets by Markus Allenspach (Head of Fixed Income Research)11:07 Update on currency and metals markets by Bence Boldvai (FX & PM Advisory)14:21 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 US new homes sales rose strongly, highlighting the remarkable resilience of the US economy, it’s the Q3 earnings season that continues to dominate investor sentiment this week. Carsten Menke, Head of Next Generation Research, talks about China's latest stimulus measures and what these mean for industrial metal prices. And Ronny Kaufmann, CIO Strategy & Investment Analysis, provides an update on Julius Baer's CIO secular outlook, an essential part of Julius Baer's investment process.00:00 Introduction by Bernadette Anderko (Investment Writing)00:24 Markets wrap-up by Jonti Warris (Investment Writing)05:55 What China’s infrastructure boost means for commodities by Carsten Menke (Head of Next Generation Research)09:37 Investment Committee update by Ronny Kaufmann (CIO Strategy & Investment Analysis)17:02 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 equities snapped a five-day losing streak yesterday, supported by slightly lower Treasury yields and solid earnings. In Europe, all eyes are on the European Central Bank's interest rate decision tomorrow, while in Asia, both China and Japan are planning to increase government support to help their ailing economies. Dario Messi, Fixed Income Research Analyst, joins today’s episode to outline our expectations for tomorrow’s ECB meeting and what it means for our fixed income strategy.00:00 Introduction by Jonti Warris (Investment Writing)00:37 Markets wrap-up by Lucija Caculovic (Investment Writing)05:49 ECB preview by Dario Messi (Fixed Income Research)09:51 Closing remarks by Jonti Warris (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.