Moving Markets

Both equities and bonds have had a bad start to the week on rising fears of Federal Reserve Chair Jerome Powell delivering a hawkish message at the Jackson Hole Symposium where he is scheduled to speak on Friday. The euro stays under pressure after falling to a two-decade low versus the US dollar yesterday. Mathieu Racheter, our Head of Equity Strategy, shares his views on equity markets going forward.00:09 Introduction and markets wrap by Roman Canziani (Head of Investment Writing)04:18 Equity markets outlook by Mathieu Racheter (Head of Equity Strategy)06:18 Closing remarks by Roman Canziani (Head of Investment Writing)   

Markets are starting the week on their back feet as investors remain nervous ahead of the central bankers’ yearly get-together in Jackson Hole at the end of the week. Chinese markets are in a better mood as loan interest rates there have been cut by major local banks. Mensur Pocinci, Head of Technical Analysis, believes that there is more upside for stocks going into September.00:08 Introduction and markets wrap by Roman Canziani (Head of Investment Writing)02:53 Technical view on the market by Mensur Pocinci (Head of Technical Analysis)05:08 Closing remarks by Roman Canziani (Head of Investment Writing)

So far this week, US equity markets have been rather subdued, but a large number of options expiring today could stir some volatility. Trading was mixed in Asia today, and in Europe investors have to digest the record high inflation print of 8.9% in the eurozone. Tim Gagie, Head of FX & PM Solutions in Geneva, shares his views on currencies, and Sipho Arntzen from Next Generation Research talks about the world of digital assets.00:08 Introduction and markets wrap by Lucija Caculovic (Investment Writing)04:12 FX and commodities by Tim Gagie (FX & PM Solutions Geneva)07:08 Broad crypto update by Sipho Arntzen (Next Generation Research)11:04 Closing remarks by Lucija Caculovic (Investment Writing)

UK inflation data came in at another 40-year high for the year ending 31st July – on the back of this Treasuries sold off in the UK and also in the Eurozone. The minutes from the Federal Reserve’s July meeting were published yesterday and showed that officials agreed that the pace of interest-rate hikes will eventually need to slow down. Norbert Rücker, our head of Macro and Next Generation Research, shares his latest thoughts on the energy market and Markus Allenspach, Head of Fixed Income Research, provides an update from the Investment Committee.00:08 Introduction and markets wrap by Helen Freer (Investment Writing) 03:52 Energy update by Norbert Ruecker (Next Generation Research)06:40 IC Meeting Update by Markus Allenspach (Head of Fixed Income)       09:53 Closing remarks by Helen Freer (Investment Writing)  

US equities ended mixed yesterday, but were helped by better-than-expected results from large retailers. Overnight, the Reserve Bank of New Zealand raised its key policy rate to 3%. Maximiliano Ranieri, Structured Products Solutions Geneva, takes a closer look at the Brazilian market as the election campaign kicks off.00:09 Introduction and markets wrap by Mike Rauber (Investment Writing) 04:19 Fixed Income Structured Products by Maximiliano Ranieri (Structured Products Solutions Geneva)06:10 Closing remarks by Mike Rauber (Investment Writing)   

After a sloppy start, US equities managed to close higher yesterday, just below the 4,300-point mark – a level last seen in early May. Oil is lower again this morning on news of a slowing economy combined with a rising supply. Dr. Sophie Altermatt from Macro and Next Generation Research shares her thoughts on the Chinese economy, where data have mostly disappointed as of late.00:09 Introduction and markets wrap by Roman Canziani (Head of Investment Writing) 03:55 China by Sophie Altermatt PhD (Economic Research)08:09 Investment Views – ‘The future is green’ and ‘Ready to rumble’ by Lucija Caculovic (Investment Writing)    09:39 Closing remarks by Roman Canziani (Head of Investment Writing) 

China’s central bank cut its policy rate by 0.1% as data highlighting its economic travails was released. Chinese bond yields and the offshore yuan fell. Asian stocks fell and the US dollar rose as investors reacted to the news. Mensur Pocinci, our Head of Technical Analysis, shares his thoughts on the markets from a technical standpoint.00:09 Introduction & Markets Wrap by Alexander Petersen (Investment Writing)  03:00 Technical analysis update by Mensur Pocinci (Head of Technical Analysis) 04:58 Closing remarks by Alexander Petersen (Investment Writing)  

US equities saw a mixed trading session yesterday, where losses followed gains on speculation that the rally after softer-than-expected inflation data went too far. In Europe, the low level of the River Rhine and the fresh record for European power prices are causing concern. Tim Gagie, Head of FX & PM Solutions in Geneva, shares his views on currencies, and Sipho Arntzen from Next Generation Research talks about the Ethereum network and its highly anticipated ‘merge’.00:09 Introduction by Helen Freer (Investment Writing)00:28 Markets wrap by Lucija Caculovic (Investment Writing)04:17 FX Update by Tim Gagie (Head of FX & PM Solutions Geneva)07:38 Digital Assets update by Sipho Arntzen (Next Generation Research)     11:17 Closing remarks by Helen Freer (Investment Writing)

Surprisingly low inflation numbers for July in the US ignited a rally across risk assets yesterday. While US Treasury yields dropped only slightly, the US dollar gapped down versus most of its peers. David Kohl, our Chief Economist, shares his take-aways from the inflation print and how the Federal Reserve is likely to proceed in its fight against sticky inflation.00:09 Introduction by Alexander Petersen (Investment Writing)00:34 Markets wrap by Roman Canziani (Head of Investment Writing)04:15 CPI update by David Kohl (Chief Economist)08:16 Investment Committee meeting update by Nicolas Jordan (CIO Strategy)                      11:26 Closing remarks by Alexander Petersen (Investment Writing)

US stocks closed in the red as markets are eagerly awaiting the US CPI data release. China’s CPI already released showed an acceleration to 2.7% in July, its highest level in two years. Mathieu Racheter, our Head of Equity Strategy, speaks on the Inflation Reduction Act passed in the US and Dario Messi, Fixed Income Research, takes a closer look at fixed income markets in the context of US inflation developments.00:18 Introduction by Mike Rauber (Investment Writing)00:55 Markets wrap by Alexander Petersen (Investment Writing)04:25 US Inflation Reduction Act – impact on equities by Mathieu Racheter (Head of Equity Strategy)08:56 Fixed Income Research: CPI data release and fixed income markets by Dario Messi (Fixed Income Research)12:49 Closing remarks by Mike Rauber (Investment Writing)