Moving Markets

Markets are firmly focused on one firm and one leader this morning as Nvidia’s board meets to decide the fate of Jensen Huang. After US markets ended higher yesterday and Europe’s Stoxx 600 notched its highest ever close, reports that Nvidia’s board might move to change their leader sent the company’s shares down 10% and futures markets tumbled too. Most of Asia traded lower today although Japan’s Topix provided a small green window. After bouncing back last week, precious metals have come under pressure again. Carsten Menke, Head of Next Generation Research, joins the podcast to explain what’s behind the latest moves, and what he expects in both the short and longer-term now.

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

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

(05:16) - Precious metals: Carsten Menke, Head of Next Generation Research

(09:23) - 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.

Stubborn US inflation has revived talk of a jumbo Fed rate hike, unsettling bonds and weighing on equities. Yet sentiment has rebounded, led by strong results from neocloud and semiconductor names, while Anthropic's potential USD 1.5 trillion debut underscores both the promise and the capital intensity of the artificial intelligence boom. Dario Messi, Head of Fixed Income Research, discusses whether a December jumbo hike is realistic and what higher-than-expected US inflation means for bond markets.

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

(00:34) - Markets wrap-up: Jan Bopp, Product & Investment Content

(06:26) - Bond Markets this week: Dario Messi, Head of Fixed Income

(10:48) - 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.

Global equities staged a powerful comeback led by technology and semiconductors, even as an FBI investigation into Nvidia's CEO unfolded with all the intrigue of a James Bond plot. Broader market resilience, Anthropic's bold IPO plans, sliding oil prices on easing geopolitical tensions, and today's crucial US inflation data round out a packed agenda for investors navigating elevated volatility. Enrico Chinello from our Next Generation Research team dives deeper into what has changed for the AI-buildout after the fallout from last week’s US midterm elections and what it means for investors going forward.

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

(00:34) - Markets wrap-up: Jan Bopp, Product & Investment Content

(07:05) - Making sense of the AI selloff: Enrico Chinello, Next Generation Research

(12:25) - 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 Democrats' sweeping election victory sparked sharp market volatility last week, with an initial rally quickly giving way to a technology-led sell-off as investors reassessed the outlook for AI investment and data centre expansion. Capital rotated into less AI-exposed markets, supporting Chinese and Indian equities while Europe held up relatively well. Beyond equities, oil prices recorded one of their steepest declines since 2020, while gold and the USD advanced. Asian markets are attempting a fragile rebound at the start of the week. Mensur Pocinci, Head of Technical Analysis, views last week's moves as a liquidation event: these have historically been followed by stronger market performance over the medium term.

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

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

(07:26) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis

(09:06) - 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 Democrats recorded a full sweep at the US midterms 2026. What does this mean for Asian markets, what can investors expect from the Federal Reserve going forward and will this also impact the oil price and therefore the inflation picture?
In this episode, Mark Matthews, Head of Research Asia at Julius Baer, discusses with Ayako Lehmann, Head of Webcasts & Video, why the outlook is rather optimistic for Asian markets, why both the US Dollar and oil price could potentially weaken going forward and to what extent the AI investment cycle remains important, but should be balanced out with defensive equity positions.

(00:00) - Introduction

(01:01) - Democrats' historic midterm sweep

(02:20) - Could a Democratic victory be good news for Asian markets?

(04:16) - Impact on trade policies and tariffs

(06:22) - Could markets be heading for a year-end rally?

(07:23) - Is a weaker US dollar on the horizon?

(08:33) - Is the AI spending race finally slowing down?

(10:44) - Positioning Asian equity portfolios for growth

(12:28) - Key risks investors should watch

(14:05) - Key takeaways