The US economy contracted by 0.2% in the first quarter of 2025, fueling ongoing recession concerns amidst escalating trade tensions and mixed economic indicators. Technology giant NVIDIA posted strong quarterly results, providing a much-needed boost to market sentiment. US courts are deliberating on the authority to impose tariffs, with the decision pending between President Trump and the Senate. President Trump held his first meeting with Federal Reserve Chairman Jerome Powell since taking office, marking a significant encounter. US Treasury Secretary Scott Bessent described the US-China trade negotiations as "a bit stalled," which is exerting downward pressure on Asian markets today. Tim Gagie, Head of FX/PM PB Sales in Geneva, notes that the US dollar remained range-bound throughout the week and provides his thoughts on the tariff news.00:00 Introduction by Bernadette Anderko (Investment Writing)00:27,5 Markets wrap-up by Mike Rauber (Investment Writing)06:04 FX and metals markets by Tim Gagie (Head of FX/PM PB Geneva)10:04 Closing remarks by Bernadette Anderko (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.
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11:10
Bond markets surprised yesterday, but will the good news last?
US stock markets played catch-up yesterday after a long holiday weekend. A boost in consumer confidence in both the US and Germany also contributed to the upbeat market mood, as did reports that the US is nearing the signing of new trade deals, potentially as early as this week. In the Asia-Pacific region overnight, equity markets delivered a mixed performance, with South Korea posting the strongest gains, driven largely by a surge in semiconductor stocks as investors positioned themselves ahead of Nvidia's earnings report later today. Meanwhile, shifts in longer-dated government bond yields remain the dominant theme in fixed income. To shed more light on the latest developments, we are joined today by Dario Messi, our Head of Fixed Income Research.00:00 Introduction: Bernadette Anderko, Investment Writing01:01 Markets wrap-up: Lucija Caculovic, Investment Writing07:31 Bond market update: Dario Messi, Head of Fixed Income Research12:06 Closing remarks: Bernadette Anderko, Investment WritingWould you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
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13:18
Tariff noise trumps markets again – and the US dollar suffers
Trade tensions took centre stage again, as President Donald Trump delayed the imposition of 50% tariffs on the EU until early July. The move sparked a relief rally in European markets, while the US dollar fell to its lowest level since 2022. Trading volumes remained subdued due to holidays in the US and UK markets. Meanwhile, Japan's long-term yields declined as the Ministry of Finance is apparently considering reducing bond issuance, which would be a potential boost for stocks and the yen. Manuel Villegas, Next Generation Research, joins us to discuss his insights on the potential investment case for digital assets and he also provides an update on AI.(00:00) - Introduction: Helen Freer, Investment Writing
(00:34) - Markets wrap-up: Roman Canziani, Head of Investment Writing
(06:33) - Digital assets and AI update: Manuel Villegas, Next Generation Research
(13:24) - Closing remarks: Helen Freer, Investment Writing
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.
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14:34
Stock market relief as 50% EU tariffs postponed
US President Donald Trump says he has agreed to postpone the imposition of 50% tariffs on European Union imports until 9 July as the EU continues to negotiate a trade deal with Washington. European equity futures are higher on the news. Mensur Pocinci, Head of Technical Analysis, offers his thoughts from a technical perspective on the current US dollar weakness and the steepening Treasury yield curve.00:00 Introduction by Helen Freer (Investment Writing)00:28 Markets wrap-up by Jonti Warris (Investment Writing)07:13 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis)10:53 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.
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12:01
US Treasury yields drive market volatility
Yesterday’s trading session saw significant volatility in Treasury yields after the US House of Representatives approved President Trump’s major tax reform bill. This occurred amidst mixed macroeconomic data from the US. European stocks closed lower, while key US indices finished the day mixed around the zero line. Meanwhile, in Asia, one of the top stories overnight was the first phone call between the US and China since their meeting in Geneva. Asian markets were broadly higher. Bitcoin reached new record highs due to a combination of factors. To discuss the latest developments in the US dollar, platinum, and other foreign exchange and precious metals news, we are joined by Tim Gagie, Head of FX/PM Private Banking in Geneva.00:00 Introduction: Helen Freer, Investment Writing00:28 Markets wrap-up: Lucija Caculovic, Investment Writing07:43 FX/Metals: Tim Gagie, Head of FX/PM PB Geneva11:12 Closing remarks: Helen Freer, Investment WritingWould 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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