Moving Markets

With US markets closed for Presidents’ Day and much of Asia shut for Lunar New Year, trading was thin yesterday and overnight, yet European equities still managed to edge higher. Swiss GDP data showed a slight rebound in Q4, although overall growth for 2025 remained below the historical average. Geopolitical developments also shaped sentiment, as investors digested the outcomes of the Munich Security Conference. Meanwhile, talks between Ukraine and Russia, as well as between Iran and the US, are taking place in Geneva today — highlighting how global politics continues to steer markets and keeping oil and gold firmly in the spotlight. On today’s show, we were also joined by Manuel Villegas from Next Generation for an update on the crypto world, which has had a tough start to the new year.

(00:00) - Introduction: Bernadette Anderko, Product & Investment Content

(00:31) - Markets wrap-up: Lucija Caculovic, Product & Investment Content

(06:29) - Digital Assets: Manuel Villegas, Next Generation Research

(10:44) - Closing remarks: Bernadette Anderko, Product & Investment Content

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Global equity markets are starting the week on a subdued note, with US markets closed today for President’s Day. Liquidity is also thinner than usual due to the Chinese Lunar New Year holidays and carnival celebrations in parts of South America. Japanese equities are seeing some profit-taking following weaker‑than‑expected GDP data, while gold and silver are also trading lower. In today’s episode, we’re joined by Mensur Pocinci, Head of Technical Analysis, who shares why he remains wary on US equities.

(00:00) - Introduction: Bernadette Anderko, Product & Investment Content

(01:14) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content

(06:18) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis

(09:51) - Closing remarks: Bernadette Anderko, Product & Investment Content

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Recent weeks have seen extreme cross‑asset volatility, with sharp unwinds hitting US and China tech stocks, precious metals and cryptocurrencies. In China, renewed concerns about regulatory scrutiny are weighing on sentiment, even as the case for a stronger renminbi continues to build.
In this episode of Moving Markets: The View Beyond, Richard Tang, Head of Research Hong Kong at Julius Baer, speaks with Hong Hao, Managing Partner and CIO of Lotus Asset Management Ltd., to discuss what the market dislocations mean for investors, and how these cross-asset dynamics may shape positioning in the weeks ahead.

(00:30) - The big precious metals selloff

(04:04) - Cryptocurrencies – near and long-term outlook

(08:13) - Industrial metals remain supported by rising strategic demand

(10:36) - China tech – is it time to buy the dip?

(13:55) - Defining “value” in China’s rotation

(15:32) - Regulatory scrutiny – how worried should investors be?

(20:20) - A-shares vs H-shares in the short term?

(23:03) - Renminbi strength and outlook

Markets were mixed yesterday, with European shares dragged down by weak results from Adyen, Magnum and Mercedes-Benz, despite solid updates from Siemens and Hermès. Schroders jumped on a takeover approach from Nuveen. In the US, deepening concerns over AI‑driven disruption hit tech stocks hard, pushing the ‘Magnificent Seven’ lower and marking Apple’s worst day since Liberation Day. Gold and silver slipped on stronger US labour data, oil fell on rising supply signals, and US housing data highlighted growing structural weakness. We’re joined by Tim Gagie, Head of FX Advisory in Geneva, for the latest on metals and currencies ahead of key US inflation data.

(00:00) - Introduction: Helen Freer, Product & Investment Content

(00:31) - Markets wrap-up: Lucija Caculovic, Product & Investment Content

(06:45) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva

(10:59) - Closing remarks: Helen Freer, 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.

A surprisingly strong US jobs report sent yields higher – most notably at the short end of the curve – and weighed on equity index performance. Market expectations have now shifted, with traders anticipating that the Federal Reserve will hold off on further rate cuts until July. Meanwhile, European equities climbed to fresh highs on the back of robust earnings. In today’s episode, Manuel Villegas from Next Generation Research joins us to share his detailed perspective on how investors should navigate the current landscape in cloud computing and artificial intelligence.

(00:00) - Introduction: Helen Freer, Product & Investment Content

(00:31) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content

(06:01) - Cloud Computing & AI: Manuel Villegas, Next Generation Research

(13:03) - Closing remarks: Helen Freer, 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.