Moving Markets

Asia-Pacific markets were mixed overnight as investors continued to assess the Reserve Bank of Australia's decision to keep interest rates on hold. China has decided to restrict exports of critical minerals and electric vehicle manufacturers had one of their best days yesterday after Tesla and BYD reported strong Q2 electric vehicle sales figures. Manuel Villegas of the Next Generation Research team provides an insight into the latest news regarding Bitcoin ETFs.00:14 Introduction by Helen Freer (Investment Writing)00:51 Markets wrap-up by Alexander Petersen (Investment Writing)05:30 Digital assets update by Manuel Villegas (Next Generation Research)09:19 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 Nasdaq 100 index had its best first half-year ever, up 39%, as the emergence of the artificial intelligence product cycle drove these and other major US equities higher. The 10-year US Treasury yield came within striking distance of 4.0% last week, and strong electric vehicle sales and talk of the first approval of a physically-backed Bitcoin ETF are also in focus this Monday morning. Mensur Pocinci, our Head of Technical Analysis research, points out that equities are not only strong on their own, but also relative to gold and bonds.00:14 Introduction by Helen Freer (Investment Writing)00:37 Markets wrap-up by Mike Rauber (Investment Writing)05:53 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)09:33 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 Treasury yields rose yesterday on better-than-expected economic data, but stocks continued to climb the wall of worry. The all-important US PCE deflator figures for May will decide the fate of the markets on the last trading day of the half year. And there is a lot going on in the currency markets these days - hear what our Head of FX & PM Solutions in Geneva, Tim Gagie, has to say about the latest moves.00:14 Introduction by Helen Freer (Investment Writing)00:41 Markets wrap-up by Roman Canziani (Head of Investment Writing)05:41 FX update by Tim Gagie (Head of FX & PM Solutions Geneva)10:32 Digital assets update by Manuel Villegas (Next Generation Research)14:01 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. 

At the ECB forum in Sintra, Federal Reserve Chairman Powell, ECB President Lagarde and Bank of England Governor Bailey all said that they still have some way to go in raising interest rates to fight inflation. The 23 largest US banks passed the Federal Reserve's annual stress test. And both the Japanese yen and the Chinese yuan are in focus as authorities worry about the weakness of their currencies. Carsten Menke, Head of Next Generation Research, says silver continues to move in gold’s slipstream.00:14 Introduction by Helen Freer (Investment Writing)00:39 Markets wrap-up by Mike Rauber (Investment Writing)06:12 Silver update by Carsten Menke (Head of Next Generation Research)09:38 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. 

A raft of strong data underscores the resilience of the US’s economy in the face of stickier-than-expected inflation. Investors will closely be watching the ECB forum today, when top central bankers will speak on a policy panel to discuss how to combat unrelenting inflation. And we hear from Roman Frey, Head of Fixed Income Investment Management, who shares with us why now is such a good time to consider fixed income.00:14 Introduction by Bernadette Anderko (Investment Writing)00:34 Markets wrap-up by Jonti Warris (Investment Writing)05:34 Implementing Market Outlook Fixed Income strategy by Roman Frey (Head of Fixed Income Investment Management)11:01 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 stock markets didn’t have the best start to the week as tech stocks led indices lower. The Nasdaq Composite was the worst performer, falling more than 1%. But this bad start to the week needs to be put into context: the S&P 500 and Nasdaq are still on track to finish June more than 3% higher, while the Dow Jones is currently set for a monthly gain of nearly 2.5%. As rates starts to bite and their impact is felt, Dario Messi highlights which segments of the bond market should be in investors’ focus as we head into the second half of the year.00:14 Introduction by Helen Freer (Investment Writing)00:39 Markets wrap-up by Bernadette Anderko (Investment Writing)03:57 Market Outlook Mid-Year 2023 deep-dive – Fixed income by Dario Messi (Fixed Income Research)08:05 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. 

Markets are eerily calm this morning following the dramatic end to an armed uprising in Russia. This week marks the last week of trading for the first half of the year, so the first conclusions will be drawn with regard to market performance this year. The headlines this week are likely to include the ECB’s Bank Forum in Sintra, the release of the Fed’s favourite inflation gauge (the Personal Consumption Expenditures deflator), and the US bank stress tests. Mensur Pocinci, Head of Technical Analysis, joins today's episode to explain the technical patterns in precious metals.00:14 Introduction by Helen Freer (Investment Writing)00:34 Markets wrap-up by Lucija Caculovic (Investment Writing)05:49 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)07:44 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. 

Asian equities and European stock futures are in a sea of red this Friday morning as major developed market central banks go on inflation alert. However, artificial intelligence (AI) stocks continue to shine. Meanwhile, the Japanese yen is falling again as traders look ahead to possible intervention to support the currency. In today's podcast, David Meier, Senior Economist, and Tim Gagie, Head of FX & PM Solutions Geneva, give their views on a range of currencies – from the British pound to the Turkish lira and the Brazilian real, to name but a few.00:14 Introduction by Lucija Caculovic (Investment Writing)00:40 Markets wrap-up by Mike Rauber (Investment Writing)05:56 UK Update by David A. Meier (Senior Economist)13:44 FX Update by Tim Gagie (Head of FX & PM Solutions Geneva)18:31 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. 

Stock markets are lower for the third day in a row as Federal Reserve Chair Jerome Powell delivers a hawkish message on monetary policy, and data points to slower growth ahead. And European natural gas prices are on the rise again - listen to Norbert Rücker, our Head of Macro & Next Generation Research, to find out whether he thinks Europe is once again on the brink of an energy crisis.00:14 Introduction by Bernadette Anderko (Investment Writing)00:52 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:47 Energy update by Norbert Rücker (Head of Macro & Next Generation Research)10:09 Update from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)13:15 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. 

Global equity markets struggle ahead of US Fed Chair Jerome Powell’s semi-annual report to Congress today, when he is expected to reinforce the message that interest rates need to stay higher for longer. Dario Messi, Fixed Income Research, provides his thoughts on why investors should not be chasing the rally in high yield bonds. And Adrienne Järsvall, Head of Fund Advisors, shares with us why now is a good time to consider alternative investments.00:14 Introduction by Bernadette Anderko (Investment Writing)00:39 Markets wrap-up by Jonti Warris (Investment Writing)04:53 Don’t chase the high yield bond rally by Dario Messi (Fixed Income Research)08:16 Reasons to consider alternative investments now by Adrienne Järsvall (Head of Fund Advisors)11:35 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.