Moving Markets

On Wednesday equity markets across Europe rallied on the back of strong earnings announcements with even France’s CAC 40 gaining more than 1% on the day. Nervousness in French bonds markets continues though, with the 10-year government bond yield reaching 5% for the first time since 2002. The positive tone was echoed in the US where indices also closed higher and earnings again broadly satisfied. However, after the close the mood changed as Tesla’s earnings disappointed and geopolitical tensions saw Brent oil rise above USD 110 per barrel. Asian equity markets have sold off this morning with China’s CSI 300 heading into bear market territory. Norbert Rücker, Head of Economics and Next Generation Research, joins the podcast today for a timely look at why oil is trading at such unjustified levels, as well as sharing why he believes that the direction for both oil and gas prices should be down.

(00:00) - Introduction: Mike Rauber, Product & Investment Content

(00:38) - Markets wrap-up: Bernadette Anderko, Product & Investment Content

(06:46) - Energy – Oil, European natural gas: Norbert Rücker, Head of Economics and Next Generation Research

(11:56) - Closing remarks: Mike Rauber, Product & Investment Content

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Oil volatility, a broadening equity rally and earnings dominated markets yesterday. While Netflix disappointed, SpaceX delivered standout results and Elon Musk floated the idea of a potential tie-up with Tesla. In Asia, stronger semiconductor sentiment and robust Japanese export growth supported risk appetite, offsetting weakness in CATL, China’s top battery maker, following its earnings release. Dario Messi, Head of Fixed Income Research, and Mathieu Racheter, Head of Equity Strategy, examine Europe as France's debt concerns deepen, European bank stocks central to Italy’s and Spain’s stock markets hit a four-month low, and Swiss large caps have been outperforming.

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

(00:31) - Markets wrap-up: Mike Rauber, Product & Investment Content

(07:03) - Bond market update: Dario Messi, Head of Fixed Income Research

(11:52) - Equity market update: Mathieu Racheter, Head of Equity Strategy Research

(17:42) - Closing remarks: Helen Freer, Product & Investment Content

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US technology stocks bounced back on Monday after last week's sharp sell-off, while political unrest in France weighed heavily on European markets, French bonds, and the euro. Oil prices swung on escalating geopolitical tensions in the Middle East, and investors continued to assess the implications of higher interest rates, AI investment spending, and upcoming earnings. In today's show, Enrico Chinello from Next Generation Research discusses last week's weakness in AI-related stocks, explains why we remain constructive on the long-term AI opportunity, and highlights the growing importance of cybersecurity.

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

(00:38) - Markets wrap-up: Lucija Caculovic, Product & Investment Content

(07:12) - The state of artificial intelligence: Enrico Chinello, Next Generation Research

(13:17) - Closing remarks: Bernadette Anderko, Product & Investment Content

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The Nasdaq just posted its worst week since Liberation Day amid growing doubts over AI momentum. Capital rotated into bonds, with the US 10-year Treasury yield recording its biggest weekly decline since February, despite firm inflation data. Meanwhile, the ongoing earnings season looks set to test market sentiment. Mensur Pocinci, Head of Technical Analysis, explains why the medium- to long-term outlook for the technology sector is still positive, and what it would take for this to change.

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

(01:02) - Markets wrap-up: Jan Bopp, Product & Investment Content

(07:07) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis

(10:12) - 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.

China's Golden Week is often viewed as a pulse check on the health of the world's second-largest economy. This year, the results have reignited debate over consumer confidence, policy stimulus and the outlook for growth. In this episode, we examine what the latest Golden Week trends reveal, while exploring the bigger investment questions around China's property market, technological ambitions, export outlook and the impact of escalating trade tensions.
 
Richard Tang, China Strategist and Head of Research, Hong Kong at Julius Baer, sits down with Hong Hao, Managing Partner and Chief Investment Officer of Lotus Asset Management, for a wide-ranging discussion on market sentiment, economic recovery and where investors may find the most compelling opportunities in China over the next 6 months.

(00:28) - What options do policymakers have following weaker Golden Week data?

(03:51) - Property stimulus and growth outlook

(09:30) - China's rapid advancements in technological innovation

(13:40) - Tightening trade restrictions - what's the impact?

(18:07) - Are investors being overly pessimistic?

(21:04) - Sectors to watch in the next 6 months