Moving Markets

European equity markets closed in the green yesterday, but in the US the major markets pared earlier gains and ended the day broadly flat, reflecting concerns around the economic outlook. Investors are also awaiting US inflation data that comes out tomorrow. David Kohl, our Chief Economist, also shares his thoughts on last week’s US Labor Market Report and Richard Tang, Head of Research Hong Kong provides an update on China.00:18 Introduction by Roman Canziani (Head of Investment Writing)00:53 Markets wrap by Helen Freer (Investment Writing)04:20 US Labor Market Report and the Fed by David Kohl (Chief Economist)09:01 Hong Kong: China by Richard Tang (Head of Research Hong Kong)11:51 Closing remarks by Roman Canziani (Head of Investment Writing)

After the strong US employment report last week, inflation reports are on the table for major economies this week, including the US, Brazil, China and India. Mensur Pocinci, Head of Technical Analysis, points out the dramatic improvement in the performance of US equities compared to safe-haven assets.00:18 Introduction by Lucija Caculovic (Investment Writing)00:37 Markets wrap by Mike Rauber (Investment Writing)   04:59 Technical update by Mensur Pocinci (Head of Technical Analysis)07:19 Closing remarks by Lucija Caculovic (Investment Writing)

The tech-heavy Nasdaq 100 index is up 19% since its low in June, just short of meeting the technical definition of a bull market. Sipho Arntzen, Next Generation Research, speaks about why it was a big week in the world of crypto as traditional financial institutions make their way into the crypto world, while concerns about the security of digital assets remain.00:18 Introduction by Lucija Caculovic (Investment Writing)00:38 Markets wrap by Mike Rauber (Investment Writing)   05:21 Digital assets by Sipho Arntzen (Next Generation Research) 10:01 Closing remarks by Lucija Caculovic (Investment Writing)

Global stocks continued their advance yesterday, reducing year-to-date losses to about 15%. The Bank of England is set to deliver the biggest interest rate hike in 27 years. Ronny Kaufmann, CIO Office, updates us on the latest CIO views.00:18 Introduction by Helen Freer (Investment Writing)00:34 Markets wrap by Olivier Maris (Investment Writing)03:38 IC meeting update by Ronny Kaufmann (CIO Office)07:51 Closing remarks by Helen Freer (Investment Writing)

US House of Representatives Speaker Nancy Pelosi has landed in Taiwan and promised that the US will not abandon Taiwan in the face of Chinese pressure. Market participants are weighing in on further developments and their implications. Meanwhile, several Federal Reserve officials hinted at further interest rate hikes to fight inflation.00:18 Introduction by Mike Rauber (Investment Writing)00:37 Markets wrap by Lucija Caculovic (Investment Writing)04:44 Closing remarks by Mike Rauber (Investment Writing)

US House Speaker Nancy Pelosi’s expected visit of Taiwan has triggered a light rally in traditional safe havens, namely US Treasuries, gold, the Swiss franc and the Japanese yen. Stock markets have not been able to hold on to their strong gains from July. David Kohl, Chief Economist, comments on the latest data with regard to economic growth in the US and Europe.00:18 Introduction by Olivier Maris (Investment Writing)00:45 Markets wrap by Roman Canziani (Head of Investment Writing)04:45 Technical update by Markus Wachter (Technical Analysis) 06:32 US and Euro-area GDP by David Kohl (Chief Economist)09:36 Closing remarks by Olivier Maris (Investment Writing)

US shares are on course for a seven-week high despite a disappointing US second quarter GDP reading. Strong earnings from Apple and Amazon spur further hopes that the tech industry can handle an economic slowdown. Sipho Arntzen, from Next Generation Research, shares his latest thoughts on cryptos and details further developments on the regulation front.00:18 Introduction by Roman Canziani (Head of Investment Writing)00:40 Markets wrap by Olivier Maris (Investment Writing)04:03 Crypto assets by Sipho Arntzen (Next Generation Research)07:52 Closing remarks by Roman Canziani (Head of Investment Writing)

Stock markets in the US rallied after Federal Reserve Chair Jerome Powell hinted at a slowing pace of interest hikes on signs of an economic slowdown. The US dollar is lower while oil and gold are higher. Mathieu Racheter, Head of Equity Strategy, comments on the first part of the earnings reporting season.00:18 Introduction by Alexander Petersen (Investment Writing)00:38 Markets wrap by Roman Canziani (Head of Investment Writing)04:31 Battery Metals Recycling by Carsten Menke (Head of Next Generation Research)07:12 Earnings Update by Mathieu Racheter (Head of Equity Strategy Research)09:30 Closing remarks by Alexander Petersen (Investment Writing)

Equity markets fell yesterday but there was positive news later on when Alphabet, Microsoft and Texas Instruments all reported double-digit quarterly revenue growth for the second quarter. Australia’s Q2 CPI was lower than expected and this resulted in investors abandoning their bets for a 75 bps hike by the Reserve Bank of Australia next week. Dario Messi, Fixed Income Research, also shares his latest thoughts on the FOMC meeting and the fixed income space. 00:18 Introduction by Lucija Caculovic (Investment Writing)00:39 Markets wrap by Helen Freer (Investment Writing)04:19 Fixed income update by Dario Messi (Fixed Income Research)08:05 Closing remarks by Lucija Caculovic (Investment Writing)

It was a quiet trading session on Monday as investors are waiting to assess a bundle of companies scheduled to report earnings today. Gazprom will once again cut gas shipments on the Nord Stream pipeline, creating a troubling prospect for the EU. David Kohl, our Chief Economist, shares his thoughts on the Federal Reserve decision due out tomorrow. 00:18 Introduction by Roman Canziani (Head of Investment Writing)00:44 Markets wrap by Olivier Maris (Investment Writing)04:05 US monetary policy alert by David Kohl (Chief Economist)08:37 Closing remarks by Roman Canziani (Head of Investment Writing)