US Tech stocks bounce back but need to watch out for Wednesday
After a rollercoaster session US equities rebounded by Friday’s close, with technology even ending the day in positive territory. Europe had earlier closed lower, mirroring Thursday’s US tech selloff. Overnight, Korean technology stocks drove the Kospi higher but China and Japan’s geopolitical tensions over Taiwan weighed on the broader market. Japan’s travel and tourism sectors took a hit today after China warned its citizens not to travel there. When it comes to the week ahead, watch out for the Fed minutes, a raft of US data being unleashed after the shutdown, and Nvidia’s all-important results on Wednesday. Mensur Pocinci, Head of Technical analysis covers likely trajectories for gold and the US dollar in today’s podcast, as well as revealing what the charts say about a year-end rally.(00:00) - Introduction: Roman Canziani, Head of Product & Investment Content
(00:38) - Markets wrap-up: Bernadette Anderko, Product & Investment Content
(06:03) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis
(08:40) - Closing remarks: Roman Canziani, Head of Product & Investment Content
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9:57
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9:57
Fed hawkishness and China data weigh on investor sentiment
Markets turned risk-off after early optimism. European stocks reversed gains, with the STOXX 600 down 0.6%. In the US, hawkish Federal Reserve comments erased the relief rally: the Nasdaq dropped 2.3%, Bitcoin fell back below USD 100,000, and gold eased slightly. Odds of a December rate cut slipped to 50% following remarks by several Fed members, lifting US Treasury yields. US president Trump plans tariff cuts on food imports to tackle inflation. Brent crude rebounded from midweek losses. The dollar softened, the Swiss franc strengthened, the yen hit a record low against the euro, and sterling remains volatile. Weak Chinese data weighed on Asian equities, led by technology losses. Tim Gagie, Head of FX Advisory Geneva, highlights that precious metals are trading with equity-like dynamics, the CHF goes from strength to strength, while the Japanese yen is under pressure.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content
(00:28) - Markets wrap-up: Mike Rauber, Product & Investment Content
(06:30) - FX and metals update: Tim Gagie, Head of FX Advisory Geneva
(10:51) - Closing remarks: Bernadette Anderko, Product & Investment Content
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11:59
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11:59
As the US government shutdown ends, the equity rally continues
We need to exclude tech stocks though. Whilst the S&P 500 rose, and the Dow Jones closed above 48,000 for the first time ever, the Nasdaq Composite closed lower yesterday, with investors further rotating out of technology and into industrials, financials and healthcare stocks. News of the end of the US government’s longest ever shutdown also provided a muted boost to Asia’s stock markets.European stocks closed broadly higher, continuing their upward trend this week. Even gold saw a relief rally. Carsten Menke, Head of Next Generation Research joins the podcast today to try to make sense of just what is driving the current rebound in the precious metal markets.(00:00) - Introduction: Jan Bopp, Product & Investment Content
(00:41) - Markets wrap-up: Bernadette Anderko, Product & Investment Content
(06:14) - Gold & silver: Carsten Menke, Head of Next Generation Research
(10:16) - Closing remarks: Jan Bopp, Product & Investment Content
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11:33
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11:33
Investors rotate out of tech
European equities hit fresh highs, led by Swiss stocks on tariff hopes. In the US, the Dow Jones Industrial Average finished Tuesday’s session also at record levels while the Nasdaq Composite faced pressure after SoftBank exited its Nvidia stake and investors moved money away from technology stocks into other parts of the market. Joining the show today are Dario Messi, Head of Fixed Income Research, who discusses the potential end of the US shutdown from a bond perspective, and Mathieu Racheter, Head of Equity Strategy Research, who shares his view on the final inning of the Q3 earnings season and why he thinks healthcare is in a good place.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content
(00:31) - Markets wrap-up: Jan Bopp, Product & Investment Content
(05:36) - US corporate credit update: Dario Messi, Head of Fixed Income Research
(09:54) - Earnings season, and a sector upgraded to Overweight: Mathieu Racheter, Head of Equity Strategy Research
(14:21) - Closing remarks: Bernadette Anderko, Product & Investment Content
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15:30
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15:30
Shutdown relief lifts sentiment across assets
Markets staged a broad-based rebound yesterday, driven by optimism that the US government shutdown may soon be resolved. Equities rallied, led by tech, while both Bitcoin and gold also moved higher. In Asia, early gains faded after China signalled potential restrictions on rare earth exports, and Japan’s bond auction underwhelmed. We also cover Fed Governor Miran’s dovish comments, ongoing delays in US economic data, and what to watch during today’s Veterans Day trading session. Joining us is Manuel Villegas from Next Generation Research, who shares his thoughts on Bitcoin’s Q4 performance so far, which has been overshadowed by broader economic uncertainty.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content
(00:31) - Markets wrap-up: Lucija Caculovic, Product & Investment Content
(06:22) - Crypto assets update: Manuel Villegas, Next Generation Research
(11:17) - Closing remarks: Bernadette Anderko, Product & Investment Content
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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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