Moving Markets

US-China relations are back in the spotlight, with investors watching whether talks between Presidents Trump and Xi can deliver meaningful progress and shift market sentiment. The discussions come as Chinese markets contend with trade uncertainty, tentative policy support and a challenging domestic growth backdrop.
In this episode, Richard Tang, Head of Research Hong Kong at Julius Baer, speaks with Hong Hao, Managing Partner and CIO of Lotus Asset Management, about the Trump-Xi talks, the outlook for Chinese equities and property, and sentiment towards Chinese AI stocks. They also discuss the longer-term AI investment story and the impact of rising oil prices and interest rates on global markets.

(00:00) - Trump-Xi talks: Can they deliver for markets?

(01:55) - US, Europe and China: A changing trade landscape

(06:40) - What could drive a year-end rebound in Chinese equities?

(11:17) - Property support: Technical rebound or real recovery?

(16:00) - China AI stocks: Sentiment versus fundamentals

(22:38) - Oil, rates and the global market outlook

Rising government bond yields remain at the centre of investors' attention as expectations for further rate hikes in the US and Europe continue to build. Combined with a renewed rally in oil prices, higher yields are weighing on risk appetite and limiting the upside for equity markets. In today's episode, Tim Gagie, Head of FX & Precious Metals Advisory in Geneva, joins us to share his views on the US dollar, precious metals, and the key market themes investors should be watching.

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

(00:21) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content

(06:35) - FX & metals update: Tim Gagie, Head of FX & Precious Metals Sales Geneva

(10:57) - 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.

US Treasury yields surge the most since last year's tariff turmoil and what's next for gold? Bond yields surged globally as stronger-than-expected economic data reinforced higher-for-longer rate expectations. US Treasury yields recorded their biggest jump since last year's tariff-related market turmoil, while Japan's 10-year yield rose above 3% for the first time since 1996. Brent oil moved back above USD 100 per barrel. The safe-haven USD was well bid, while European and US equities moved lower. Asian markets were mixed today, with Japan rising after a three-day holiday. Carsten Menke, Head of Next Generation Research, discusses precious metals - from Fed policy to China's gold buying, he talks about what is likely to drive the gold and silver markets, and what is just noise.

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

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

(07:04) - Gold and silver: Carsten Menke, Head of Next Generation Research

(11:47) - 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.

The Nasdaq climbed to a fresh record as investors continued to back AI-related stocks, while oil prices fell on hopes of easing tensions between the US and Iran. In today's episode, Dario Messi, Head of Fixed Income Research, and Mathieu Racheter, Head of Equity Strategy Research, share how last week's Fed rate hike has impacted their expectations for bond and equity markets, and discuss the key risks and opportunities investors are watching now.

(00:00) - Introduction: Lucija Caculovic, Product & Investment Content

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

(06:07) - Bond markets after the FOMC: Dario Messi, Head of Fixed Income

(09:18) - Equity markets after the FOMC: Mathieu Racheter, Head of Equity Strategy

(14:24) - Closing remarks: Lucija Caculovic, 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.

Oil prices fell yesterday after President Trump said he would be open to meeting Iran’s leader this week. The accompanying enthusiasm carried over into both European and US bond and equity markets. And these were further boosted by positive headlines around Meta’s new AI Chatbot, Muse, boosting Meta’s share price by 11% in the session and powering a surge in the technology heavy hitters that helped the Nasdaq Composite close at a new record high. The upcoming summit between the US and China is now in focus. Norbert Rücker, Head of Economics and Next Generation Research, joins today’s podcast and talks, amongst other things, about the impact of Chinese electric vehicles outside their home market. Tune in to hear more of his thoughts on the importance of electrification and the outlook for Future Mobility.

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

(00:55) - Markets wrap-up: Bernadette Anderko, Product & Investment Content

(06:58) - Future mobility: Norbert Rücker, Head of Economics and Next Generation Research

(13:43) - Closing remarks: Mike Rauber, 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.