Equity markets staged a cautious rebound yesterday, with major indices posting modest gains. In Europe, utilities led the advance, lifting the broader market, while in the US, leadership came from big tech and AI-related stocks. Sentiment was buoyed by SoftBank founder Masayoshi Son’s revelation that he was “practically crying” to sell the company’s Nvidia stake, alongside a strong earnings report from MongoDB. However, not all segments participated in the rally – precious metals lagged, and the energy sector saw a notable reversal. Meanwhile, DarioMessi, Head of Fixed Income Research, discusses expectations surrounding the still-pending appointment of a new Fed Chair for next year and how the bond market is digesting this transition.(00:00) - Introduction: Helen Freer, Product & Investment Content
(00:28) - Markets wrap-up: Jan Bopp, Product & Investment Content
(06:29) - Bond market update: Dario Messi, Head of Fixed Income Research
(10:34) - Closing remarks: Helen Freer, Product & Investment Content
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11:45
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11:45
Markets dip on bond supply worries and potential Japanese rate hike
Stocks and bonds declined amid company-specific developments and concerns over bond supply, as investors prepare for a record-level issuance of investment-grade debt in the coming days. Additionally, rising expectations of an imminent interest rate hike in Japan further pressured yields upward. In today’s programme, we welcome Manuel Villegas from Next GenerationResearch, who shares his insights on the future trajectory of artificial intelligence - and addressesthe pressing question: Is AI experiencing a bubble?(00:00) - Introduction: Bernadette Anderko, Product & Investment Content
(00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content
(07:08) - Artificial Intelligence update: Manuel Villegas, Next Generation Research
(12:38) - Closing remarks: Bernadette Anderko, Product & Investment Content
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13:42
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13:42
Silver is stealing the show
November closed with markets focused on hopes of a Fed rate cut, which overshadowed fears of an AI bubble. The S&P 500 made strong gains in a holiday-shortened week, while technology lagged, leaving the Nasdaq down in November for the first time after seven months of gains. European equities ended the month slightly higher, supported by the strong outperformance of Switzerland’s SMI last week. Silver is hitting new highs, while gold is also climbing. In Asia, Chinese PMI data disappointed, while India stood out with 8.2% GDP growth in the third quarter. The head of Japan’s central bank hinted at a rate rise during a speech on Monday. Mensur Pocinci, Head of Technical Analysis Research, shares his views on the USD, precious metals, and his outlook for US equities.(00:00) - Introduction: Helen Freer, Product & Investment Content
(00:28) - Markets wrap-up: Mike Rauber, Product & Investment Content
(06:31) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis
(09:51) - Closing remarks: Helen Freer, Product & Investment Content
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11:01
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11:01
Global markets catch their breath amid eurozone data watch
The US Thanksgiving holiday has given stock markets globally a brief pause following the strong performance earlier in the week. With Asian markets trading mixed this morning, attention shifts to key eurozone inflation data, while US markets resume trading for a shortened session. In today’s programme, we welcome Nicolas Jordan from the CIO Office, who discusses the concerns around potential cracks in the artificial intelligence capital expenditure cycle.(00:00) - Introduction: Helen Freer, Product & Investment Content
(00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content
(06:23) - Update from the CIO Office: Nicolas Jordan, CIO Strategy & Investment Analysis
(11:29) - Closing remarks: Helen Freer, Product & Investment Content
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12:47
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12:47
Global equity rally boosted by tech stocks and rate cut prospects
Markets are now pricing in an almost 85% probability of a 25 basis point rate cut by the Fed in December – this boosted tech stocks and others followed suit, prompting a global rally. US markets will be shut today for the Thanksgiving holiday, and the Black Friday shopping bonanza will start tomorrow when the US market will reopen for a shortened trading session. Norbert Rücker, Head of Economic and Next Generation Research, joins the show with a timely update on energy markets and what’s driving them currently. And Tim Gagie, Head of FX Advisory Geneva, rounds off the podcast by highlighting the latest moves in Sterling after the UK budget as well as this week’s action in preciousmetals.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content
(00:38) - Markets wrap-up: Jan Bopp, Product & Investment Content
(06:44) - Energy Markets: Norbert Rücker, Head of Economics & Next Generation Research
(11:41) - FX and metals update: Tim Gagie, Head of FX/PM PB Geneva
(15:56) - Closing remarks: Bernadette Anderko, Product & Investment Content
Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Moving Markets is a daily market news briefing from Julius Baer. Our experts discuss the latest market developments and put the headlines in perspective to set you up for the coming day. The information contained in this podcast is marketing material. Opinions expressed do not constitute independent financial/investment research, investment advice, or an offer to buy or sell securities by Julius Baer. Please refer to www.juliusbaer.com/legal/podcasts for important legal information prior to listening to this podcast.
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