Moving Markets

Major stock indices ended mostly lower after a two‑day rally. In the US, the Information Technology sector fell nearly 2%, weighed down by a 5.5% drop in Nvidia shares. In contrast, the equally weighted S&P 500 gained 0.6%. Treasury prices and gold edged higher as investors sought safe‑haven assets following the conclusion of US - Iran talks, which ended without any tangible progress. Today, we are joined by Thomas Caflisch, Head of FX Sales Switzerland, who shares his views on precious metals and alternatives for those looking to diversify beyond the US dollar.

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

(00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content

(05:40) - FX & Metals markets update: Thomas Caflisch, Head of FX Sales Switzerland

(08:36) - Closing remarks: Bernadette Anderko, Product & Investment Content

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Nvidia delivered results yesterday that beat analysts’ expectations but failed to cause more than a brief rally in extended trading. Nevertheless, US indices ended the day higher, with the Nasdaq Composite closing up 1.26%, and Asia’s tech-biased indices following suit. The Nikkei 225 breached 59,000 for the first time as the Takaichi trade continued.  Elsewhere investors await further tariff announcements from the US in the coming days. Norbert Rücker, Head of Economics and Next Generation Research, joins today’s show to explain why, despite rising geopolitical tensions, he believes that the trajectory for both oil and European natural gas prices will be down as we head towards the summer.

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

(00:28) - Markets wrap-up: Bernadette Anderko, Product & Investment Content

(06:42) - Energy update: Norbert Rücker, Head of Economics & Next Generation Research

(11:49) - Closing remarks: Helen Freer, Product & Investment Content

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US stocks rebounded yesterday led by technology shares after AI developments announced by Meta and Anthropic. Strong US economic data lifted the broader market and boosted small caps. In Europe, autos rose on lower‑than‑expected US tariffs, while banks fell. Taiwan and South Korea climbed on AI optimism, and Japan advanced after the Prime Minister nominated two reflation‑focused academics to the Bank of Japan’s policy board, fuelling expectations of slow rate increases and keeping the yen weak. Precious metals strengthened with gold and silver rising on geopolitical tensions, China’s market return, and continued safe-haven demand. Dario Messi, Head of Fixed Income Strategy Research, explains why artificial intelligence could initially support bonds.

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

(00:28) - Markets wrap-up: Mike Rauber, Product & Investment Content

(06:02) - Bond market update: Dario Messi, Head of Fixed Income Research

(10:38) - Closing remarks: Helen Freer, Product & Investment Content

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Global markets were on edge yesterday as President Trump’s newly announced 15% global tariff triggered a sharp European response and fresh trade uncertainty. Equity markets across both Europe and the US struggled, with tech stocks hit particularly hard amid renewed concerns about AI disruption in the software sector. Defensive names, meanwhile, benefited from the flight to safety, alongside a strong move in gold. Asian markets painted a mixed picture. On today’s show, we are joined by Next Generation research analyst Damien Ng who shares an update on the implications of the emerging Alzheimer’s blood test and what it means for the genomics space.

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

(00:34) - Markets wrap-up: Lucija Caculovic, Product & Investment Content

(06:17) - Alzheimer's blood test impact on Genomics: Damien Ng, Next Generation Research

(11:25) - 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.

The US Supreme Court struck down President Donald Trump’s global tariffs last week, dealing a blow to his administration’s centrepiece trade policy. The administration quickly signalled that it would pursue 10%, then 15% global tariffs. While equity markets rallied on Friday, risk sentiment has been dampened this morning as uncertainty about trade policy returns. Mensur Pocinci, Head of Technical Analysis, takes a step back from the limited geopolitical visibility and looks at what the charts on Treasury yields, the US dollar, and precious metals say. A fast, lively breakdown of what’s moving markets — tune in!

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

(00:57) - Markets wrap-up: Jan Bopp, Product & Investment Content

(06:28) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis

(08:37) - 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.