Moving Markets

While US bond and equity markets will remain shut today, due to President’s Day, Asian markets have started the trading week on a strong note with the China reopening trade gaining steam again. Also, Europe’s equity markets are likely to trend further up, extending their recent outperformance. And it is far too early to write off the US stock market as Markus Wachter from our Technical Analysis team explains in today’s Moving Markets podcast.00:14 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)03:22 Technical update by Markus Wachter (Technical Analysis)05:53 Closing remarks by Roman Canziani (Head of Investment Writing)

Market sentiment has soured after two Federal Reserve officials said they may favour bigger interest rate hikes to combat persistently high inflation. Investors subsequently raised their expectations of how far the Fed will raise rates, dragging down markets around the world. Carsten Menke, Head of Next Generation Research, provides an update on the regulation of digital assets.00:14 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)03:58 Digital assets - regulation by Carsten Menke (Head of Next Generation Research)07:59 Closing remarks by Lucija Caculovic (Investment Writing)

A higher-than-expected January retail sales number in the US yesterday did nothing to spur the stock market rally, with all the major indices ending the day in the green. Asia followed suit. The next data point is US jobless claims due out today. Carsten Menke, Head of Next Generation Research, explains his call on where gold goes from here, and Nicolas Jordan updates us on the latest Investment Committee thinking and decisions.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:16 Gold by Carsten Menke (Head of Next Generation Research)05:48 Investment Committee update by Nicolas Jordan (CIO Strategy & Investment Analysis)08:29 Closing remarks by Bernadette Anderko (Investment Writing)

In the US, Federal Reserve officials are stressing that they might need more interest-rate increases to help tame inflation but  they are expressing differing views about how close they are to stopping after new data showed signs that inflation is not falling as quickly as hoped. Meanwhile, the European Union is poised to force banks to report information on Russian Central Bank assets as part of the bloc’s latest sanctions package targeting Moscow for its war in the Ukraine. Dario Messi from Fixed income Research gives his insights on US inflation data and the bond market's reaction.00:14 Introduction and markets wrap-up by Alexander Petersen (Investment Writing)03:03 US inflation data and the bond market's reaction by Dario Messi (Fixed income Research)06:29 Closing remarks by Alexander Petersen (Investment Writing)

The major markets across the US and Europe all ended the day in the green yesterday. All eyes will be on the US inflation report due out later today, where investors will be assessing the implications of the latest data on future Fed policy. Kazuo Ueda was officially nominated as the new Governor of the Bank of Japan, replacing Haruhiko Kuroda. David Alexander Meier, Senior Economist at Julius Baer, shares his expectations from the Bank of Japan in light of this new appointment.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)03:11 Bank of Japan / JPY by David Alexander Meier (Economic Research)07:56 Closing remarks by Helen Freer (Investment Writing)

All eyes will be on the release of the January US inflation report this Tuesday, and it could well shape market action this week. Yet, it is not all macroeconomics – earnings season too remains in full swing with major companies reporting this week. Mensur Pocinci, Head of Technical Analysis, talks about why the golden cross technical pattern, which can be observed currently, supports the case for investing in equities.00:14 Introduction and markets wrap-up by Mike Rauber (Investment Writing)03:40 Technical update by Mensur Pocinci (Head of Technical Analysis)05:16 Closing remarks by Mike Rauber (Investment Writing)

Investors are beginning to adjust to the prospect of higher interest rates, dragging down markets around the world. Meanwhile, job cuts in the tech sector continue, with Yahoo being the latest big tech name to announce layoffs. Manuel Villegas, Next Generation Research analyst, provides an update on digital assets with a special focus on Uniswap.00:14 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)03:25 Digital assets by Manuel Villegas (Next Generation Research)06:29 Closing remarks by Lucija Caculovic (Investment Writing)

US equity markets fell yesterday as investors digested comments from four Federal Reserve officials that the Fed needs to continue to raise interest rates to fight inflation. European markets were mixed, while Turkey’s stock exchange suspended trading for the first time in 24 years in the wake of the tragic earthquakes there. Norbert Rücker, Head of Macro & Next Generation Research, provides an update on the oil market; Mathieu Racheter, Head of Equity Strategy, explains his preference for European banks over US banks; and Nicolas Jordan, CIO Strategy & Investment Analysis, provides details on the latest discussions with regard to the bank’s investment strategy.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)03:56 Oil market update by Norbert Rücker (Head of Macro & Next Generation Research)06:37 European banks by Mathieu Racheter (Head of Equity Strategy)09:12 Investment Committee update by Nicolas Jordan (CIO Strategy & Investment Analysis)11:30 Closing remarks by Helen Freer (Investment Writing)

A week after delivering a 25 basis point interest rate hike, Federal Reserve Chairman Jerome Powell welcomed disinflation yesterday, but warned that if we see stronger labour reports, or signs that inflation is creeping back in then “it may well be the case that we have to do more and raise rates more than is currently priced in”. The US equity markets dithered about which way to go during his speech but closed higher on the day as they focused on the disinflation comment, with a particularly strong showing from tech stocks. David Kohl, Chief Economist delivers his thoughts on what happens with US interest rates now.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:51 Latest update from US Federal Reserve Chair Jerome Powell by David Kohl (Chief Economist)06:42 Closing remarks by Bernadette Anderko (Investment Writing)

Jerome Powell is scheduled to speak today with Investors eagerly awaiting his remarks. Rishi Sunak will appoint a new Conservative Party chair, after he sacked Nadhim Zahawi over a tax scandal more than a week ago. The Australian Dollar extended its gains and bonds fell after the central bank raised its key rate to the highest in 10 years. Sophie Altermatt, from Macro & Next Generation Research gives us insights about Chinas economic recovery and Eric Mac from Research Hongkong provides an update on Asian tourism.00:14 Introduction and markets wrap-up by Alex Petersen (Investment Writing)02:45 China recovery by Sophie Altermatt (Macro & Next Generation Research)05:40 Asian tourism by Eric Mak (Research Hong Kong)08:15 Closing remarks by Alex Petersen (Investment Writing)