Moving Markets

The global stock market started the week with a big rally, which saw the Nasdaq Composite Index rise 3.4%. Reasons for the rally were the solid earnings reports so far that offer a largely rosy view of the US consumer, as well as the news that Jeremy Hunt, the new UK Chancellor of the Exchequer, will reverse nearly all announced tax cuts and wind back energy subsidies. Richard Tang, Head of Research Hong Kong, provides us with an update on China’s green ambitions.00:09 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)03:53 Update on China’s green ambitions by Richard Tang (Head of Research Hong Kong)09:01 Closing remarks by Lucija Caculovic (Investment Writing)

At the 20th national party congress, President Xi Jinping indicated no change in course for the two major risk factors weighing on the Chinese economy. Liz Truss is fighting for her premiership this week, when financial markets will render a new verdict on her economic reset. Mensur Pocinsi, head of Technical Analysis, gives a technical update and Ronny Kaufmann from CIO Strategy & Investment Analysis gives an IC meeting update.00:08 Introduction and markets wrap-up by Alexander Petersen (Investment Writing)02:47 Technical update by Mensur Pocinci (Head of Technical Analysis)05:31 IC meeting by Ronny Kaufmann (CIO Strategy & Investment Analysis) 10:36 Closing remarks by Alexander Petersen (Investment Writing)

Following the higher-than-expected US inflation figures, US stocks initially plunged but then rallied, which improved the overall risk appetite and boosted other equity markets around the world. Now investors are turning their attention to the earnings season with the big US banks being the first to report their Q3 results today. David Kohl, our Chief Economist, shares his take on the US inflation data, and Tim Gagie, Head of FX & PM Solutions in Geneva, takes a closer look at currencies and metals.00:09 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)03:46 US inflation and impact on the Fed’s tightening path by David Kohl (Chief Economist)08:12 FX and metals update by Tim Gagie (Head of FX&PM Solutions Geneva)11:01 Closing remarks by Lucija Caculovic (Investment Writing)

The S&P 500 is at its lowest level since November 2020; the minutes of the US Federal Reserve’s September meeting show that it is committed to raising rates to restrictive levels; and Germany reported that inflation rose 10% in the 12-months ending September. This sets the stage for the all-important US inflation report due out later today, which is likely to drive market action today, and maybe even in the weeks to come. Roberto Cominotto, Equities Research, speaks on why he thinks European automobile stocks are worth taking a closer look at now, even if there are concerns about a recession looming around the corner.00:09 Introduction and markets wrap-up by Mike Rauber (Investment Writing)04:10 Automobile stocks by Roberto Cominotto (Investment Research Analyst)06:05 Closing remarks by Mike Rauber (Investment Writing)

Stock markets continue to suffer in the face of inflation and recession risks but the US Treasury Secretary Janet Yellen insists that the US economy is doing “very well”. The Bank of England publicly said it would buy more bonds but only until Friday. Privately, however, it’s reported that they will extend the deadline. Mathieu Racheter, Head of Equity Strategy shares his thoughts on the upcoming earnings season and suggests that the focus should be on Q4 and 2023 guidance.00:09 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)04:03 Earnings season by Mathieu Racheter (Head of Equity Strategy)06:41 Closing remarks by Bernadette Anderko (Investment Writing)

Despite a slight change of tone coming from the Federal Reserve, US bond markets remain under pressure and yields have climbed further over the past hours. The US administration’s decision to curb China’s access to US semiconductor technology weighed heavily on the sector worldwide. David Kohl, Chief Economist, shares his views on the latest US labor report and Sophie Altermatt from Macro and Next Generation Research talks about what to expect from the upcoming National Congress of the Chinese Communist Party.00:09 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)04:20 US labour market update by David Kohl (Chief Economist)08:00 China party congress by Sophie Altermatt (Investment Research Analyst)11:32 Closing remarks by Roman Canziani (Head of Investment Writing)

Chinese semiconductor stocks are falling after the United States imposed new restrictions on China's access to American technology. Liz Truss is preparing for battle with her ruling Conservative Party in a bid to quash any attempt at rebellion just one month into her UK premiership. Markus Wachter, from Technical Analysis, gives a technical update.00:09 Introduction and markets wrap-up by Alexander Petersen (Investment Writing)02:48 Chart insights by Markus Wachter (Technical Analysis)05:21 Closing remarks by Alexander Petersen (Investment Writing)

A drumbeat of hawkish comments from Federal Reserve officials kept stocks on the back foot, after a strong rally earlier this week. Tim Gagie, Head of FX&PM Solutions Geneva, shares his latest insights on the markets. Carsten Menke, Head of Next Generation Research, gives an update on digital assets with a focus on the city of Lugano embracing tokens as a form of payment.00:09 Introduction and markets wrap-up by Olivier Maris (Investment Writing)03:25 FX and metals update by Tim Gagie (Head of FX&PM Solutions Geneva)05:25 Digital assets update by Carsten Menke (Head of Next Generation Research)08:24 Closing remarks by Olivier Maris (Investment Writing)

Despite higher-than-expected US PMI services readings, stocks managed to claw back almost all of the losses through the trading session yesterday. The OPEC+’s announcement of a massive oil production cut provided tailwinds for oil and gas shares. Carsten Menke, our Head of Next Generation Research, shares his views on the latest moves in silver.00:08 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)03:56 Silver update by Carsten Menke (Head of Next Generation Research)06:39 Investment Committee Update by Ronny Kaufmann (CIO Strategy & Investment Analysis)10:54 Closing remarks by Roman Canziani (Head of Investment Writing)

Stock markets rallied in the US and those parts of Asia that were open overnight, as a weakening in the most recent US job openings data prompted some investors to consider whether the Federal Reserve would slow the pace of interest rate hikes. Amidst this, Elon Musk went back to the SEC to say that he will buy Twitter at the agreed price after all. Dario Messi, Fixed Income Research Analyst, shares his thoughts on the current bond market moves and warns that volatility is the only constant.00:08 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)04:12 Bond market update by Dario Messi (Fixed Income Research)07:34 Closing remarks by Bernadette Anderko (Investment Writing)