The tariff tightrope: investors walking a fine line
The ongoing tariff saga remains the dominant theme, with investors waiting to see if tensions will ease or escalate. This uncertainty is taking a toll on consumer sentiment and investor expectations. Following recent volatility, markets were relatively calm yesterday, with European bourses ending the day in positive territory, while US stocks closed marginally in the red. However, in after-hours trading, Nvidia’s shares plummeted by over 6% after the company faced new restrictions on its exports to China. Both the US dollar and US Treasury yields stabilised somewhat. In overnight trading in Asia, most markets fell, despite China releasing robust economic data. One notable exception was gold, which continued its upward trajectory. To provide further insights into the equity markets, particularly banking stocks, we are joined today by Mathieu Racheter, Head of Equity Strategy.00:00 Introduction: Bernadette Anderko, Investment Writing00:24 Markets wrap-up: Lucija Caculovic, Investment Writing07:39 Equity market update: Mathieu Racheter, Head of Equity Strategy11:52 Closing remarks: Bernadette Anderko, Investment WritingWould you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
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12:58
Markets gain stability amid hints of tariff revisions
Markets are showing signs of stabilisation as the US administration appears to be reconsidering its tariff policy. This has boosted auto stocks in particular, driven by reports that President Trump may modify the tariff package for auto-related imports from Mexico and Canada. Additionally, US Treasury yields have decreased following their sharpest increase in twenty years last week. Joining us to discuss the latest on digital assets is Manuel Villegas from Next Generation Research.00:00 Introduction: Helen Freer, Investment Writing01:05 Markets wrap-up: Roman Canziani, Head of Investment Writing07:29 Digital assets: Manuel Villegas, Next Generation Research12:52 Closing remarks: Helen Freer, Investment WritingWould you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
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14:01
Safe havens see record demand amid plunge in US bonds and dollar
Global financial markets experienced a tumultuous week, with safe-haven assets surging, and the US dollar and Treasury bonds posting sharp declines, raising concerns about the future of US economic dominance and global trade stability. As the escalating trade war with China continues to unfold, investors are bracing for another volatile week, in which the European Central Bank meeting takes place and the corporate earnings season gets underway. Mensur Pocinci, Head of Technical Analysis, also joins the show and shares his outlook for markets from a technical perspective.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Jonti Warris (Investment Writing)06:45 Technical Analysis update: Mensur Pocinci (Head of Technical Analysis)09:55 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.
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11:02
Risk appetite disappeared on Wall Street
European markets played catch-up with Wednesday’s US rally yesterday, with nearly all sectors posting significant gains. However, when US markets opened, risk appetite appeared to evaporate on Wall Street, as stocks fell despite subdued inflation data. There was some brief respite for Treasuries but they then resumed their sell-off from earlier in the week, sparking concerns among many about the health of the financial system. Asian markets delivered mixed performance overnight, but gold reached yet another record high. In this episode, we are joined by Tim Gagie, Head of FX and Precious Metals Solutions in Geneva, who shares his expertise on the latest developments in foreign exchange and metals, offering valuable insights into these markets.00:00 Introduction by Helen Freer (Investment Writing)00:28 Markets wrap-up by Lucija Caculovic (Investment Writing)05:49 FX and metals by Tim Gagie (Head of FX & PM Solutions Geneva)10:25 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 your favourite podcast player.
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11:38
Equity markets spring back, for now
Following President Trump’s ‘pause’ announcement yesterday, US And Asian equity indices experienced a relief rally of historic proportions. The punitive tariffs imposed on dozens of countries have now been swapped for a universal 10% rate, but only for 90 days. It remains to be seen whether this rally can be sustained or if it is merely a dead-cat bounce: US futures are pointing to a lower open this afternoon. Gold and oil have not been immune to some puzzling price moves in the past few weeks too, so it was great to have Carsten Menke and Norbert Rücker on the podcast to provide their insights into what might be behind these.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Bernadette Anderko (Investment Writing)05:54 Oil: Norbert Rücker (Head of Economics & Next Generation Research)09:01 Gold: Carsten Menke (Head of Next Generation Research)12:26 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.
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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