Moving Markets

Global risk sentiment improved as geopolitical tensions eased, diplomatic efforts advanced, and resilient US data lifted equities while pushing volatility and high-yield credit spreads to their lowest since 2007. European stocks played catch‑up, supported by their cyclical exposure and positive company‑specific news. The US dollar has weakened sharply this week, boosting risk‑sensitive currencies. Commodities are surging, with gold and silver extending their historic rallies on strong momentum and a weaker dollar. The Bank of Japan kept rates unchanged but struck a hawkish tone. Tim Gagie, Head of FX Advisory Geneva, discusses the historic rally in precious metals and investor positioning given the weak USD.

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

(00:24) - Markets wrap-up: Mike Rauber, Product & Investment Content

(06:08) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva

(10:33) - Closing remarks: Helen Freer, Product & Investment Content

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President Trump castigated European leaders over their response to his Greenland takeover attempt during his speech at the WEF in Davos yesterday but did step back from suggesting the use of military force. Equity markets rallied in response. They were given further positive momentum by a later post from the president which claimed that a framework of a future deal with respect to Greenland had been agreed with NATO and that tariff threats against Europe were off the agenda. Equity markets globally are mostly higher today and safe-haven assets have slipped. Norbert Rücker, Head of Economics and Next Generation Research, joins the podcast today to talk about Natural Gas - a sector that has not only seen a surge in prices of late, both in Europe and the US, but which also could be another bargaining tool for President Trump.

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

(00:31) - Markets wrap-up: Bernadette Anderko, Product & Investment Content

(05:55) - Natural gas and the Greenland commodities story: Norbert Rücker, Head of Economics & Next Generation Research

(11:30) - Closing remarks: Helen Freer, Product & Investment Content

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Markets continue to de-risk and the “Sell America” narrative gains traction as geopolitical tensions over Greenland spook investors, triggering an equity sell-off, a weaker dollar, and soaring precious metals. With scant data ahead, all eyes are now on President Trump’s keynote speech at the World Economic Forum in Davos later today for clues on policy direction and de-escalation potential. We’re joined by Dario Messi, Head of Fixed Income Research, for an update on Japanese bond markets, and Mathieu Racheter, Head of Equity Strategy Research, who shares his view on how recent geopolitical risks might impact global equity markets.

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

(00:25) - Markets wrap-up: Jan Bopp, Product & Investment Content

(05:22) - Japanese government bond yields: Dario Messi, Head of Fixed Income Research

(08:05) - Geopolitics disrupting equity markets: Mathieu Racheter, Head of Equity Strategy Research

(11:38) - Closing remarks: Bernadette Anderko, Product & Investment Content

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European equities pulled back sharply yesterday after President Trump threatened tariffs on European goods, sending trade-sensitive sectors like autos and luxury sharply lower while defence stocks bucked the trend. Bond markets also came under pressure, with global yields rising and Japan’s 40-year government bond yield hitting a record high amid fiscal concerns and election uncertainty. In Asia, equity markets were mostly weaker despite fresh record highs in South Korea, while Chinese regulators moved to cool an overheating rally. Gold and silver jumped on safe-haven demand, oil edged higher, and diplomatic tensions flared further over Trump’s proposed ‘Board of Peace’. We’re joined by Carsten Menke, Head of Next Generation Research, for a timely update on critical minerals, with a focus on Greenland.

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

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

(07:18) - Critical minerals and the Greenland connection: Carsten Menke, Head of Next Generation Research

(11:39) - Closing remarks: Bernadette Anderko, Product & Investment Content

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President Trump’s weekend announcement of new tariffs on eight European allies - linked to the US push to acquire Greenland - is set to ripple through global financial markets this week. Gold and silver have surged to fresh record highs on the news, while the US dollar has weakened. Today, we’re joined by Mensur Pocinci, our Head of Technical Analysis, who continues to see significant upside potential in select US equity sectors.

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

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

(06:42) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis

(09:13) - 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.