Moving Markets

The S&P 500 is at its highest level this year and the German DAX index is at an all-time high. This week, the US debt ceiling, US & eurozone interest rates, and US-China tensions are likely to be in focus. China has announced that it will ban some sales of chips from the US semiconductor company Micron Technology, even as President Biden said he expected ties with China to improve very shortly. Markus Wachter, Technical Analysis Research, points out that there have been strong moves in the Nasdaq 100 index and the Nikkei 225 index.00:14 Introduction by Bernadette Anderko (Investment Writing)00:38 Markets wrap-up by Mike Rauber (Investment Writing)06:03 Technical analysis update by Markus Wachter (Technical Analysis)09:05 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. 

The S&P 500 Index is trading at its highest level in 9 months and US Treasuries are falling as the likelihood of an end to the US debt ceiling impasse has increased in recent hours. This has implications for the US dollar and metals, as Tim Gagie, our Head of FX and PM solutions in Geneva, points out. And Carsten Menke, our Head of Next Generation Research, talks about the latest action in crypto-land.00:14 Introduction by Mike Rauber (Investment Writing)00:40 Markets wrap-up by Roman Canziani (Investment Writing)06:29 FX update by Tim Gagie (Head of FX & PM Solutions Geneva)11:33 Digital assets update by Carsten Menke (Head of Next Generation Research)14:39 Closing remarks by Mike Rauber (Investment Writing)

The S&P 500 closed down 0.6% yesterday. Comments from Federal Reserve officials on whether further interest rate hikes will be necessary in light of strong economic data releases, and the ongoing uncertainty over the debt ceiling drove equities lower. Dario Messi, Fixed Income Research, provides our view on the ongoing US debt ceiling negotiations, noting that we are working on the assumption that a last-minute deal will be reached. Richard Tang, Equity Research Asia, talks about the renewed interest in Japanese equities after Warren Buffett increased his stake in five trading companies and where Julius Baer sees the sweet spot in the Japanese equity market.00:14 Introduction by Bernadette Anderko (Investment Writing)00:32 Markets wrap-up by Mike Rauber (Investment Writing)05:20 Update on US debt ceiling by Dario Messi (Fixed Income Research)10:05 Japan – reopening and reform by Richard Tang (Equity Research Asia)16:34 Closing remarks by Bernadette Anderko (Investment Writing)

US Treasury Secretary Janet Yellen has warned that the US government will default on its payments by 1 June unless the debt ceiling is raised, putting pressure on Congressional Republicans and the White House to reach a deal. Eirini Tsekeridou, Fixed Income Research, shares her insights into the Turkish elections and the market impact, and Carsten Menke, Head of Next Generation Research, gives an update on the copper market.00:14 Introduction by Bernadette Anderko (Investment Writing)00:41 Markets wrap-up by Jonti Warris (Investment Writing)04:48 Turkish elections and market impact by Eirini Tsekeridou (Fixed Income Research)07:19 Copper market update by Carsten Menke (Head of Next Generation Research)10:03 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 stocks barely moved on Friday. President Joe Biden, House Speaker Kevin McCarthy, and other congressional leaders are planning to meet on Tuesday to discuss budget negotiations in order to avoid a US government default. In the Turkish presidential election, President Erdogan failed to win a majority of the votes, leaving him with 49.3% of the votes and his opponent, Kemal Kilicdaroglu, with 45%. Mensur Pocinci our Head of Technical Analysis provides a technical update on Chinese financial markets following the steep decline in Chinese interest rates.00:14 Introduction by Bernadette Anderko (Investment Writing)00:33 Markets wrap-up by Alexander Petersen (Investment Writing)04:14 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)06:20 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. 

From concerns about US regional banks to the US debt-ceiling debate, the Bank of England’s interest rate hike and the raft of news from tech companies, there are plenty of headlines for investors to absorb. Tim Gagie, Head of FX & PM Solutions Geneva, joins today’s episode to shed some light on the latest developments in currencies and metals markets, and Leonardo Pellandini, Equity Strategist, is here to provide an update on the earnings season.00:14 Introduction by Helen Freer (Investment Writing)00:39 Markets wrap-up by Lucija Caculovic (Investment Writing)05:55 FX update by Tim Gagie (Head of FX & PM Solutions Geneva)09:56 Earnings season update by Leonardo Pellandini (Equity Strategist)13:59 Closing remarks by Helen Freer (Investment Writing)

Both the US and China have announced CPI inflation data in the last 24 hours and the headline numbers showed inflation moderating. The market reaction was muted with tech stocks being the main beneficiaries; the US dollar weakened, and US Treasuries rallied. Traders are now focused on whether a solution to the US debt default possibility can be found before 1st June. Norbert Rücker, Head of Macro & Next Generation Research, provides an update on the hydrogen market, and from the CIO office, Nicolas Jordan gives us an insight into what’s currently top-of-mind for the investment committee. 00:14 Introduction by Helen Freer (Investment Writing)00:40 Markets wrap-up by Bernadette Anderko (Investment Writing)05:38 Hydrogen by Norbert Rücker (Head of Macro & Next Generation Research)09:45 Update from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)12:43 Closing remarks by Helen Freer (Investment Writing)

President Joe Biden and congressional Republicans have made little tangible progress in averting a first-ever US debt default, but promised negotiations that would open the door to a possible deal. Meanwhile, the ECB has to do more to bring inflation back to its 2% target, even as it waits to see the full impact of the measures taken so far. Fixed income analyst, Dario Messi provides an update on the high-yield view, and Roger Degen from the Equity Research team provides the latest news on US regional banks.00:14 Introduction by Bernadette Anderko (Investment Writing)00:37 Markets wrap-up by Alexander Petersen (Investment Writing)04:17 Fixed Income strategy update by Dario Messi (Fixed Income Research Analyst)09:11 Latest on US regional banks by Roger Degen (Equity Research Analyst)14:09 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 ended the day little changed on Monday, despite the Federal Reserve's Senior Loan Officer Survey showing tightening credit conditions for both households and firms, as well as declining collateral values. In a sign of confidence in Apple, the company was able to tap the bond market with a bond that matures only in 2053. All eyes are now on tomorrow's US inflation report. Manuel Villegas, Next Generation Research, discusses the rise of meme coins and what market participants should make of them.00:14 Introduction by Helen Freer (Investment Writing)00:34 Markets wrap-up by Mike Rauber (Investment Writing)04:54 Digital assets update by Manuel Villegas (Next Generation Research)09:23 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 trading week has started on a positive note with Asia Pacific stocks trading higher on improved sentiment after a solid US labour market report and the overall better than expected earnings season. US government yields are up on the prospect of the Federal Reserve keeping interest rates higher for longer, but our Head of Technical Analysis, Mensur Pocinci, still believes that the overall direction of US yields is down.00:14 Introduction by Helen Freer (Investment Writing)00:53 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:10 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)08:31 Closing remarks by Helen Freer (Investment Writing)We would love to receive your feedback! Please leave us a review and star rating wherever you listen to the show.