Moving Markets

As peace talks could be back on the table in the Middle East, global equity markets breathed a sigh of relief and investors snapped up tech stocks around the world. The Kospi retreated from bear market territory rallying more than 5%. And Japanese bonds, equities and the currency were boosted by comments from the country’s finance minister that the government wants to encourage its pension funds to invest more in domestic assets. Despite geopolitical risks having returned as a key driver of bond-market performance, Dario Messi, Head of Fixed Income Research, explains why investors should avoid this temporary market noise, and if necessary, take advantage of higher yield levels – especially in Europe – to ensure appropriate duration exposure within their portfolios.

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

(00:25) - Markets wrap-up: Bernadette Anderko, Product & Investment Content

(05:18) - Bond market update: Dario Messi, Head of Fixed Income Research

(09:40) - Closing remarks: Helen Freer, Product & Investment Content

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Market sentiment has weakened as renewed tensions in the Middle East have pushed oil prices and government bond yields higher. Spain’s benchmark equity index has come under additional pressure following President Trump’s threat to impose trade restrictions on the country. In this episode, Norbert Rücker, Head of Macro and Next Generation Research, joins us to discuss the latest surge in oil prices, the broader implications for inflation and whether the move reflects a lasting shift in the outlook or merely a temporary disruption.

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

(00:25) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content

(05:43) - Oil rallies on Trump declaration: Norbert Rücker, Head of Macro & Next Generation Research

(10:44) - 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.

Sharp semiconductor losses amid AI chip rivalry fears contrast with resilient broader markets, while escalating US-Iran tensions send oil surging 5%, highlighting growing jitters over geopolitics and inflation just as central banks signal rates may stay higher for longer. Investors will now focus on the upcoming earnings season for more guidance. Matthieu Racheter, Head of Equity Strategy, shares his insights on what to expect. And Tim Gagie, Head of PB Sales (Geneva) FX & PM, talks about the British pound amid the political uncertainty in Britain and key levels to watch for gold.

(00:00) - Introduction: Roman Canziani, Head of Product & Investment Content

(00:41) - Markets wrap-up: Jan Bopp, Product & Investment Content

(06:36) - Earnings preview: Mathieu Racheter, Head of Equity Strategy Research

(10:25) - FX update: Tim Gagie, Head PB Sales (Geneva) – FX and PM

(14:37) - Closing remarks: Roman Canziani, Head of Product & Investment Content

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US equities started the week strongly as AI-related stocks rebounded yesterday and the Dow Jones closed above 53,000 for the first time. Broadcom gained after extending its partnership with Apple, while Microsoft slipped following plans to cut jobs as it reallocates resources towards AI infrastructure. In Europe, most indices were down, although Germany’s DAX bucked the trend and reached a new record high, and EasyJet surged on takeover news. Asian markets today came under pressure, led by South Korea’s Kospi, where a trading halt was triggered when the index fell more than 8%. Carsten Menke, Head of Next Generation Research, joins the show to talk about El Niño and its potential economic consequences.

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

(00:28) - Markets wrap-up: Helen Freer, Product & Investment Content

(06:11) - The El Niño effects heading our way: Carsten Menke, Head of Next Generation Research

(09:56) - Closing remarks: Bernadette Anderko, Product & Investment Content

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Softer inflation data supported sentiment in the eurozone, while in the US, comments by Fed chair Kevin Warsh on inflation and a weaker-than-expected labour market report lifted equities last week. Gold rose and the USD weakened. Brent crude is holding near USD 72 despite OPEC+ announcing an output increase over the weekend. In Asia, attention is on SK Hynix ahead of its USD 29 billion US listing, which could become the largest-ever foreign IPO. SpaceX is also in focus as the expiry of the analyst quiet period is expected to trigger a wave of research reports and price targets. Mensur Pocinci, Head of Technical Analysis, discusses, among other topics, why US equity market behaviour may be more reminiscent of 1998 than 2000.

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

(00:51) - Markets wrap-up: Mike Rauber, Product & Investment Content

(06:37) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis Research

(10:09) - 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.