Moving Markets: Daily News Julius Baer

Stronger US economic data reduces the case for an interest rate cut, weighing on gold, US Treasuries and global equities. Bucking the trend, Nvidia was up almost 10% and its market cap is now larger than the entire German stock market. The latest eurozone data points to a recovery. Ethereum received a big regulatory boost and the launch of spot Ether ETFs in the US looks more likely. Tim Gagie, Head of FX & PM Solutions Geneva, notes that the CHF, which has now weakened slightly, had been too strong and recalls the time when one of his British pounds bought him more than two Swiss francs.
00:00 Introduction by Helen Freer (Investment Writing)
00:24 Markets wrap-up by Mike Rauber (Investment Writing)
07:30 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)
11:58 Closing remarks by Helen Freer (Investment Writing)
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Equity markets are higher following NVIDIA's stellar results and despite news that the Federal Reserve may keep interest rates in restrictive territory for longer than expected. Carsten Menke, Head of Next Generation, explains why the latest Chinese stimulus package has little impact on industrial metals, and Nicolas Jordan from our CIO office summarises the views and positioning of the bank's investment committee.

00:00 Introduction by Bernadette Anderko (Investment Writing)
01:02 Markets wrap-up by Roman Canziani (Head of Investment Writing)
06:27 Impact of China’s rescue package on industrial metals by Carsten Menke (Head of Next Generation Research)
10:12 Investment Committee update by Nicolas Jordan (CIO Office)
13:45 Closing remarks by Bernadette Anderko (Investment Writing)
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US stocks moved higher yesterday, with the S&P 500 closing at another all-time high, but not without signs of caution among investors ahead of Nvidia’s earnings announcement today. UK inflation has fallen to its lowest level in almost three years, although April’s drop was not as large as expected which helped the pound sterling jump to its highest level in two months. Dario Messi, Fixed Income Strategy, provides us with his insights into the impact of last week’s US CPI print on the interest rate outlook in the US.
00:00 Introduction by Bernadette Anderko (Investment Writing)
00:20 Markets wrap-up by Jonti Warris (Investment Writing)
05:56 Bond markets update by Dario Messi (Fixed Income Strategy)
11:47 Closing remarks by Bernadette Anderko (Investment Writing)
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With artificial intelligence so prominent in our lives, it’s perhaps no surprise that one of the biggest players – Nvidia – is not only partially responsible for the current explosion in the sector, but will also be a key factor in where the markets go this week, given that it reports its results tomorrow. Wall Street firms are certainly lining up for good news so let’s hope that they are not disappointed. Stock markets continue to hit new highs, with gold and silver joining the party. Our Head of Technical Analysis, Mensur Pocinci, explores whether this can continue on today’s show.
00:00 Introduction by Helen Freer (Investment Writing)
00:27 Markets wrap-up by Bernadette Anderko (Investment Writing)
06:41 Technical analysis update by Mensur Pocinci (Head of Technical Analysis Research)
09:32 Closing remarks by Helen Freer (Investment Writing)
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Both European and US stock markets ended yesterday’s trading session in negative territory, but the Dow Jones made some positive headlines as it touched the significant milestone of 40,000 points for the first time in history. Macroeconomic data releases from the US continued to point to a stable or gradually cooling US economy, while China reported a mixed economic picture, weighing on Asia-Pacific markets. Tim Gagie, Head of FX & PM Solutions in Geneva, joins the show today to talk about the US dollar and metals.
00:00 Introduction by Helen Freer (Investment Writing)
00:21 Markets wrap-up by Lucija Caculovic (Investment Writing)
06:14 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)
10:49 Closing remarks by Helen Freer (Investment Writing)
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Global equities are rallying on yesterday's lighter-than-expected US Consumer Price Index data, with investors snapping up stocks and riskier currencies. The data has led traders to raise their bets that the Fed will cut its policy rate at least twice this year. And after a recent rally in copper prices, Carsten Menke, Head of Next Generation Research, discusses whether the copper market has moved too far, too fast.
00:00 Introduction by Helen Freer (Investment Writing)
00:24 Markets wrap-up by Jonti Warris (Investment Writing)
06:51 Copper update by Carsten Menke (Head of Next Generation Research)
11:38 Closing remarks by Helen Freer (Investment Writing)
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.