Moving Markets

Asian equities advanced to their highest level in two months on the back of China’s policy shifts on Zero Covid and the property sector. Democrats will keep control of the US Senate after its candidate for the US Senate for the State of Nevada is all but certain to have won the contest. Mensur Pocinci, Head of Technical Analysis, takes a look at market dynamics after the strong moves last week, and Richard Tang, Head of Research Hong Kong, gives his insights on the latest developments in China.00:09 Introduction and markets wrap-up by Alexander Petersen (Investment Writing)03:35 Technical update by Mensur Pocinci (Head of Technical Analysis)05:23 China – double pivot by Richard Tang (Head of Research Hong Kong)11:05 Closing remarks by Alexander Petersen (Investment Writing)

Equities rallied, the USD fell, and bond yields plunged following a report that US inflation rose less than expected in October. This morning, a subtle shift in China’s zero-Covid policy towards more targeted and scientific implementation is adding fuel to Asian equities. Carsten Menke, Head of Next Generation Research, speaks about gold, which has rallied sharply from mid-week lows. Philipp Lienhardt, Head of Equity Research, provides a comprehensive sector-by-sector overview of this year’s Q3 earnings releases.00:09 Introduction and markets wrap-up by Mike Rauber (Investment Writing)04:07 Gold update by Carsten Menke (Head of Next Generation Research)06:41 Earning season update by Philipp Lienhardt (Head of Equity Research)13:36 Closing remarks by Mike Rauber (Investment Writing)

While the race for the US Senate is still open and it may be days or even weeks before the results are final, US President Joe Biden said that the Democrats had exceeded expectations and that he intends to run for a second term. Today, all eyes are on the latest consumer price data from the US, which will offer some clues on the path of future Fed tightening. Carsten Menke, Head of Next Generation Research, explains what has been happening in the crypto world this week and Nicolas Jordan from CIO Strategy & Investment Analysis reports on the latest decisions from our Investment Committee.00:09 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)03:59 Digital Assets by Carsten Menke (Head of Next Generation Research)07:25 IC update by Nicolas Jordan (CIO Strategy & Investment Analysis)09:57 Dividends from a portfolio context by Arian Osmani (Traditional Fund Specialist)12:45 Closing remarks by Lucija Caculovic (Investment Writing)

While all eyes are on the results of the US Midterm elections rolling-in, it could still take a while until final results are declared. Markets will soon focus on tomorrow’s US inflation figures, which are expected to drop slightly. Mathieu Racheter, our Head of Equity Research, shares his take aways on the Midterms and their impact on markets, and Tim Gagie, our Head of FX&PM Solutions in Geneva, talks about the strong moves in FX and metals markets.00:09 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)03:47 US Midterm results – initial assessment on market impact by Mathieu Racheter (Head of Equity Strategy)06:12 FX/commodities update by Tim Gagie (Head of FX&PM Solutions Geneva)09:58 Closing remarks by Roman Canziani (Head of Investment Writing)

Former US President Donald Trump plans to make a “big announcement” next week, indicating that he intends to run for President in 2024. China is experiencing an increase in coronavirus infections, reporting 7,323 new local Covid-19 cases, as it staunchly defends its zero-Covid policy. And David Meier, Senior Economist, gives us a preview of what we can expect from today’s eagerly awaited US midterm elections.00:09 Introduction and markets wrap-up by Jonti Warris (Investment Writing)03:28 US Midterms preview by David Alexander Meier (Macro & Next Generation Research)06:53 Closing remarks by Jonti Warris (Investment Writing)

Whilst speculation mounted about China’s re-opening story, Chinese officials vowed over the weekend to remain “unswervingly” strict in Beijing’s approach to stamping out the coronavirus. Mensur Pocinci, Head of Technical Analysis, provides an update on markets from a technical perspective. Richard Tang, Head of Research Hong Kong, shares his insights on China’s potential easing of the zero-Covid stance and how it might impact the country’s long-term economic outlook.00:09 Introduction and markets wrap-up by Olivier Maris (Investment Writing)03:23 Technical update by Mensur Pocinci (Head of Technical Analysis)06:17 China – loosening of Covid restrictions? By Richard Tang (Head of Research Hong Kong)10:49 Closing remark by Olivier Maris (Investment Writing)

US market sentiment was subdued following the big Fed-day on Wednesday, while the Bank of England delivered its largest rate hike in 33 years. China shares are on course for their best week since 2015 on continued speculation that the nation will start relaxing its zero-Covid policy. Tim Gagie, Head of FX&PM Solutions Geneva, takes a closer look at what drives currency markets this week with a special focus on today’s employment report. Carsten Menke, Head of Next Generation Research, compares bitcoin (miners) with gold (miners) and shows the differences, but also highlights similarities. 00:09 Introduction and markets wrap-up by Mike Rauber (Investment Writing)04:33 Digital asset update by Carsten Menke (Head of Next Generation Research) 07:28 FX update by Timothy Gagie (Head FX&PM Solutions Geneva)10:18 Closing remarks by Mike Rauber (Investment Writing)

Yesterday evening saw all eyes once again on the US Federal Reserve, when it announced its fourth consecutive rate hike of 0.75%. Today is the Bank of England’s turn, and it is expected to follow suit. We hear from David Meier, Senior Economist, with his thoughts on the outcome of yesterday’s FOMC meeting, from Carsten Menke, Head of Next Generation Research, on precious metals, and from Nicolas Jordan, CIO Strategy and Investment Analysis, with an update on the latest Investment Committee discussions.00:09 Introduction and markets wrap-up by Jonti Warris (Investment Writing)04:11 FOMC meeting by David Meier (Economic Research)06:48 Gold update by Carsten Menke (Head of Next Generation Research)09:36 IC update by Nicolas Jordan (CIO Strategy & Investment Analysis)13:11 Closing remarks by Jonti Warris (Investment Writing)

In China, equity markets rallied as investors there entertained the prospect that the zero-Covid policy might be dropped but at the same time the area around Foxconn Technology’s group has been put into a 7-day lockdown, which will drastically curtail shipments in and out of the world’s largest iPhone factory. US equity markets fell yesterday, the dollar faltered and 2-year Treasury yields rose – all in anticipation of another 75 basis point rate hike by the US Federal Reserve later on today. Dario Messi joins us from Fixed Income Research to share his thoughts on what to expect from the Fed (there’s a clue in the title).00:09 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)04:27 Fed preview by Dario Messi (Fixed Income Research)07:26 Closing remarks by Bernadette Anderko (Investment Writing)

US markets took a breather yesterday, after a couple of strong trading days last week. While today’s trading action will be overshadowed by the Federal Reserve’s rate decision tomorrow, Asian stock markets are rallying on speculation to an end of the Covid-Zero policy in China. Nenad Dinic, from our Research’s Equity Strategy team, shares his thoughts on the outcome of the Brazilian Presidential elections and what that means for financial markets going forward.00:09 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)05:28 Brazilian elections by Nenad Dinic (Equity Strategy)09:52 Closing remarks by Roman Canziani (Head of Investment Writing)