Donald Trump says he wants a “real end” to the nuclear dispute with Iran, rather than just a ceasefire in the conflict with Israel, and demands “unconditional surrender”. The escalating tensions and another set of weak US macro data triggered a risk-off sentiment, weighing on equities and boosting oil prices. As the Federal Reserve prepares to announce its interest rate decision later today, investors remain cautious amidst heightened volatility in the energy market and growing concerns about a broader crisis in the Middle East. To provide insight into the implications of these events on bond markets, we have Dario Messi, Head of Fixed Income Research, on the show who shares his expectations for the US central bank's actions in the coming months.(00:00) - Introduction: Bernadette Anderko, Investment Writing
(00:24) - Markets wrap-up: Jan Bopp, Investment Writing
(05:39) - Bond markets: Dario Messi, Head of Fixed Income Research
(10:46) - Closing remarks: Bernadette Anderko, Investment Writing
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Global equities back at an all-time high
The MSCI All-Country World Index is back at a new all-time high. The German government announcement of a EUR 46 billion tax relief package boosted European investor confidence, propelling the German DAX to a new high. US private-sector labour market data revealed weak job growth, triggering a sharp decline in US Treasury yields. In Asian markets, China's services sector showed signs of growth, while Japan's economy was affected by declining inflation-adjusted earnings for the fourth consecutive month. Today, attention turns to the European Central Bank. Norbert Rücker, Head of Economics & Next Generation Research, talks about the tectonic shifts in the oil and gas markets and Nicolas Jordan, CIO Office, discusses what the US equity market recovery and the USD weakness mean for investors.(00:00) - Introduction: Helen Freer, Investment Writing
(00:30) - Markets wrap-up: Mike Rauber, Investment Writing
(05:39) - Oil update: Norbert Rücker, Head of Economics & Next Generation Research
(10:14) - Update from the CIO Office: Nicolas Jordan, CIO Strategy & Investment Analysis
(14:28) - Closing remarks: Helen Freer, Investment Writing
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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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