After upbeat data out of the US provided a boost to investor sentiment, US markets extended their rally on Friday. A stock market rotation into small caps saw the Russell 2000 index make outsized gains last week, while safe haven assets continued to attract investors. As the market turns its attention to a data-packed week ahead, Mensur Pocinci, Head of Technical Analysis, offers an update on the markets from a technical perspective and explains why a year-end rally is still on the table.00:00 Introduction by Bernadette Anderko (Investment Writing)00:38 Markets wrap-up by Jonti Warris (Investment Writing)06:39 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis)09:17 Closing remarks by Bernadette Anderko (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. 

European equities enjoyed a strong day yesterday, while Wall Street had a moderately positive day, marked by a rotation out of tech stocks and into more cyclical sectors such as financials, industrials and retail. Elsewhere, Gary Gensler announced his resignation as Chairman of the US Securities and Exchange Commission as of 20 January 2025. Treasury yields rose across the curve as investors digested mixed economic data and comments from Federal Reserve policymakers. In Asia, Japanese stocks led the way following the release of Japan's October CPI and preliminary PMI figures. Commodities also posted gains, with oil and gold prices rising amid escalating geopolitical tensions. Bitcoin, meanwhile, is marching towards the USD 100,000 mark. Joining us today to break down the latest developments in the world of currencies is David Meier, Senior Economist.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Lucija Caculovic (Investment Writing)06:57 Currencies update - USD, EUR, CHF: David Meier (Senior Economist)12:44 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.

The market’s reaction to Nvidia’s highly anticipated results last night indicates just how high expectations were. The company’s results exceeded analysts’ expectations and it delivered a strong forecast for the current quarter, but the revenue forecast just wasn’t enough for the market and the company’s shares fell 2.5% in extended trading. Asia’s tech heavy markets also sold off somewhat following the results and the growing geopolitical tensions arising from developments in Ukraine. Bitcoin hit another new high. Norbert Ruecker, Head of Economics & Next Generation Research, joins the podcast for a detailed look at what’s going on in the oil and gas market.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Bernadette Anderko (Investment Writing)04:59 Oil and gas: Norbert Rücker (Head of Economics & Next Generation Research)10:21 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.

Escalating tensions between Russia and Ukraine dampened global risk appetite and sent investors scrambling for safe-haven assets yesterday. While European markets ended the day in the red, US equities recovered from earlier losses as the focus turned to Nvidia's earnings report due after the close today. Mathieu Racheter, Head of Equity Strategy, talks about the most anticipated earnings report of the season and explains why the path of least resistance for equities is up. And we have Dario Messi, Head of Fixed Income Research, on the show to talk about the divergence between ECB and Fed rate cut expectations.00:00 Introduction by Bernadette Anderko (Investment Writing)00:24 Markets wrap-up by Jan Bopp (Investment Writing)05:17 Bond market update: Dario Messi (Head of Fixed Income Research)10:06 What we learned from the earnings season: Mathieu Racheter (Head of Equity Strategy)14:07 Closing remarks by Bernadette Anderko (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.

US stocks yesterday regained some ground after last week's sharp sell-off that reversed the S&P 500’s post-election gains as Wall Street looks ahead to some major market-moving earnings reports and bets for a December Fed rate cut are losing steam. Fabian Wenner, Equities Research, provides an update on the healthcare sector, and Manuel Villegas, Next Generation Research, shares with us the latest from the world of digital assets.00:00 Introduction by Helen Freer (Investment Writing)00:38 Markets wrap-up by Jonti Warris (Investment Writing)06:53 Update on healthcare sector: Fabian Wenner (Research Analyst)10:51 Digital assets: Manuel Villegas (Next Generation Research)14:38 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.

The Trump rally came to a halt last week as the S&P 500 fell 2% despite confirmation that the Republicans also won the House of Representatives. The USD strengthened to a one-year high and gold had its worst weekly drop in three years. Trump's cabinet appointments raised concerns and led to a sell-off in pharmaceutical stocks on Friday. Upcoming events this week include the G20 Summit starting on Monday, Nvidia earnings on Wednesday, and PMIs on Friday. Markus Wachter, Technical Analysis Research, notes that the S&P 500 remains in an uptrend despite dropping last week.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Mike Rauber (Investment Writing)06:49 Technical Analysis update by Markus Wachter (Technical Analysis Research)09:23 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.

US equities stumbled yesterday, in contrast with a more positive day for European markets. The shift comes as investors reassess the likelihood of a Federal Reserve rate cut in December, following a speech by Chairman Jerome Powell that suggested the economy was not sending any signals that would necessitate a rush to cut rates. Meanwhile, some ‘Trump trades’ have begun to unwind as investors continue to navigate the post-election landscape. In commodities, both oil and gold are feeling the pinch of a stronger US dollar. Joining us today to break down the latest developments in the currency and metals markets is Tim Gagie, Head of FX & PM Solutions in Geneva.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Lucija Caculovic (Investment Writing)07:51 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)12:24 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.

European bourses closed Wednesday’s session lower. The Nasdaq followed suit in the US, with the Dow and the S&P 500 ekeing out small gains on the day. This followed the release of October US CPI data which came in as expected and added support to the expectation of another interest rate cut by the US Federal Reserve in December. There was also further US political news last night as the Associated Press announced that the Republicans have secured a majority in the US House of Representatives, which means that the new president will have the power to enact his legislative agenda. With gold down 8% since Mr Trump’s victory, Carsten Menke, Head of Next Generation Research, delivers his assessment of where the precious metal will go now, and Nicolas Jordan joins from the CIO Office to update us on the current expectations of the bank’s investment committee.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Bernadette Anderko (Investment Writing)05:30 Impact of Trump victory on gold: Carsten Menke (Head of Next Generation Research)09:28 Update from the CIO Office: Nicolas Jordan (CIO Strategy & Invnestment Analysis)13:04 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.

Following a strong start to the week, markets took a step back yesterday as investors continued to digest the implications of the US election outcome. With key events on the horizon – including a slew of earnings reports and the release of US inflation data later today – traders are cautious about the potential for further interest rate cuts by the Federal Reserve. Joining us to provide expert analysis on how these developments are shaping their respective markets are Dario Messi, Head of Fixed Income Research, and Mathieu Racheter, Head of Equity Strategy. They share insights into their latest rating changes in response to the shifting US political landscape.00:00 Introduction by Lucija Caculovic (Investment Writing)00:34 Markets wrap-up by Jan Bopp (Investment Writing)05:58 Fixed income rating changes: Dario Messi (Head of Fixed Income Research)10:52 Upgrade cyclicals and financials: Mathieu Racheter (Head of Equity Strategy)15:07 Closing remarks by Lucija Caculovic (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.

Stock markets in Europe and the US started the week on a high note, with all three major US indices hitting new record highs. However, the momentum did not carry over to the Asia-Pacific region, where markets fell across the board in overnight trading. Meanwhile, commodities were lower, with gold and oil also bucking the upward trend. In contrast, Bitcoin has been on a tear, rising nearly 30% since the US presidential election last week. To help make sense of the current crypto market landscape, we’re joined by Manuel Villegas from Next Generation Research.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Lucija Caculovic (Investment Writing)06:49 Digital assets: Manuel Villegas (Next Generation Research)10:40 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.

Donald Trump's presidential victory boosted US equities, with gains led by banks, energy and small caps – the S&P 500 had its best week so far this year. Bitcoin crossed USD 81,000 for the first time ever and Nvidia became the first company to surpass USD 3.6 trillion in market value. Meanwhile, China’s economic stimulus disappointed. Key economic data and earnings reports are due this week, including AstraZeneca,Siemens, Alibaba and Tencent. Also watch for news on Trump cabinet picks. Mensur Pocinci, our Head of Technical Analysis, notes that US equities have more upside, while gold is in a healthy consolidation.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Mike Rauber (Investment Writing)06:54 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis)09:21 Closing remarks by Mike Rauber (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. 

Global equities continued to celebrate the US election results, with European stocks joining the rally despite German Chancellor Olaf Scholz announcing potential snap elections. US equities hit new record highs yesterday, driven by technology stocks, upbeat earnings reports and another Fed rate cut. Chief Economist David Kohl expects this to be the last one for the year. And we also have Tim Gagie, Head of FX&PM Solutions Geneva, on today’s show talking about the US dollar, why he likes sterling, and the fundamentals behind this year's gold rally.00:00 Introduction by Helen Freer (Investment Writing)00:41 Markets wrap-up by Jan Bopp (Investment Writing)06:06 Comments on FOMC Meeting: David Kohl (Chief Economist)10:05 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)15:00 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.

With Mr Trump confirmed as the next US President and a Republican sweep priced in as a 94% probability, US equities, especially those likely to benefit from his policy changes, took off yesterday. The rally was echoed by the US dollar and Bitcoin. US Treasuries sold off on expectations that Mr Trump’s fiscal plans and proposal to hike tariffs will boost inflation and erode the Fed’s ability to lower rates. Europe’s equity markets were lower on the day as they digested the US news. Chinese markets have rallied this morning on the back of positive export growth data and the expectation of renewed stimulus. On the agenda for today – central bank meetings in the UK and the US: expectations are for a 25 basis point rate cut by both the Bank of England and the US Federal Reserve. Mathieu Racheter, Head of Equity Strategy, joins the podcast to talk us through what a Trump sweep would mean for various different asset classes.00:00 Introduction by Helen Freer (Investment Writing)00:54 Markets wrap-up by Bernadette Anderko (Investment Writing)07:27 Cross-asset class implications of US election result: Mathieu Racheter (Head of Equity Strategy)16:12 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.

Join us on MovingMarkets as we break down the market implications of a potential second term for Donald Trump. With his pro-growth policies, including corporate tax cuts, deregulation, and new tariffs, investors are betting on a boost to US stocks, the US dollar, and crypto assets. Meanwhile, concerns about inflation are driving up US Treasury yields. In this episode, we're joined by Dario Messi, Head of Fixed Income Research, who shares his insights on how a Trump presidency could impact US Treasury markets.00:00 Introduction by Bernadette Anderko (Investment Writing)00:41 Markets wrap-up by Roman Canziani (Head of Investment Writing)07:29 Bond market update: Dario Messi (Head of Fixed Income Research)11:06 Closing remarks by Bernadette Anderko (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.

While it's still anyone's guess who will become the next US President, some currency analysts took the latest polls favouring Kamala Harris to unwind some of their 'Trump trades' by selling the US dollar. US equities saw some volatility yesterday, but safe-haven US Treasuries rallied, suggesting that investors may be getting cautious ahead of the election result. Christian Gattiker, our Head of Research, joins the show today to share his views on the US election and the possible outcomes and market reactions.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Lucija Caculovic (Investment Writing)06:24 US election preview: Christian Gattiker (Head of Research)11:06 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.

A busy week ahead with key events including the US presidential election, the US Federal Reserve’s interest rate decision, and China's National People's Congress meeting to name but a few. The latest Iowa poll shows Kamala Harris leading Donald Trump, despite him winning the state in 2016 and 2020. The US Federal Reserve is expected to cut interest rates by 25bps on Wednesday. Among the 300 major companies reporting earnings are weight-loss company NovoNordisk and luxury group Richemont. Mensur Pocinci, Head of Technical Analysis, notes that in the past a Democratic president and a divided Congress have produced the best returns, if history is any guide.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Mike Rauber (Investment Writing)07:43 Technical Analysis update – Focus on US election by Mensur Pocinci (Head of Technical Analysis)10:58 Closing remarks by Mike Rauber (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.

Markets had a risk-off day, with global equities, gold and Bitcoin falling. Investors are getting jittery ahead of next week's US elections, the Federal Reserve's interest rate decision, and China's National People's Congress. European stocks slumped after the release of eurozone inflation data. Big Tech earnings disappointed, with Meta and Microsoft shares tumbling. Amazon was higher, but Apple was lower in after-hours trading following its earnings release. China showed signs of recovery and oil prices ticked higher amid renewed tensions in the Middle East. Tim Gagie, Head of FX&PM Solutions Geneva, talks about the sharp move in GBP, the latest moves in metals and the USD ahead of the US elections.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Mike Rauber (Investment Writing)08:18 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)15:52 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.

Global stock markets are facing headwinds as several high-profile companies have fallen short of earnings expectations. However, recent economic data releases have painted a more optimistic picture, with Germany's economy unexpectedly posting growth in Q3. In this episode, we're joined by Carsten Menke, Head of Next Generation Research, who shares his expert insights on the surge in the price of gold, which has recently reached new heights.00:00 Introduction by Bernadette Anderko (Investment Writing)00:24 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:25 An update on Gold: Carsten Menke (Head of Next Generation Research)10:53 Closing remarks by Bernadette Anderko (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.

European stock markets struggled yesterday, while US markets closed higher and a strong tech sector pushed the Nasdaq to a new all-time high. Earnings reports from top companies including Meta and Microsoft will be closely watched today as investors navigate high expectations and uncertain market conditions ahead of next week's US elections. An important event that is partly behind the recent rise in US yields, says Dario Messi, Head of Fixed Income Research. And we have Mathieu Racheter, Head of Equity Strategy, on the show. He tells us why the robust earnings season is a stock picker's paradise.00:00 Introduction by Roman Canziani (Head of Investment Writing)00:34 Markets wrap-up by Jan Bopp (Investment Writing)06:35 Bond market update: Dario Messi (Head of Fixed Income Research)11:07 Earnings season update: Mathieu Racheter (Head of Equity Strategy)15:09 Closing remarks by Roman Canziani (Head of 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.

Markets had a quiet session yesterday, but a flurry of earnings reports and economic data releases are set to breathe new life into trading in the coming days. The US presidential election and the Federal Reserve’s upcoming interest rate decision are also looming large on the horizon. Meanwhile in Europe, carmakers face significant challenges in maintaining profitability in a rapidly changing landscape. In commodities, oil had its worst day in more than two years yesterday as geopolitical concerns began to fade, but gold hit a new record high this morning. With Bitcoin breaking through the psychologically important USD 70,000 mark, Manuel Villegas of Next Generation Research joins the show today to discuss the latest developments in the world of crypto.00:00 Introduction by Bernadette Anderko (Investment Writing)00:24 Markets wrap-up by Lucija Caculovic (Investment Writing)06:50 Digital assets by Manuel Villegas (Next Generation Research)11:54 Closing remarks by Bernadette Anderko (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. 

Japanese PM Ishiba’s gamble to call a snap election backfired yesterday, as Japan’s ruling party lost its majority in a general election amid political scandals and soaring inflation. The Japanese yen is plunging and stocks are surging on the news. As investors turn their attention to a busy, data-packed week ahead, Mensur Pocinci, Head of Technical Analysis, offers an update on the markets from a technical perspective and shares his outlook for the global equity bull market.00:00 Introduction by Bernadette Anderko (Investment Writing)00:32 Markets wrap-up by Jonti Warris (Investment Writing)06:08 Technical Analysis update: Mensur Pocinci (Head of Technical Analysis)09:03 Closing remarks by Bernadette Anderko (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.

Positive earnings surprises in the eurozone weren't enough to lift its major equity indices significantly, as economic data disappointed yesterday. Tesla had its best day since 2013 after a positive earnings release. US stock indices are in a wait-and-see mode ahead of some big earnings releases, starting with Amazon after the close today. Newmont Mining plunged as the gold miner struggles to keep costs under control. Mercedes-Benz vows to cut costs after weak results. Japanese national elections will be in focus this Sunday. Thomas Caflisch, Head of FX & PM Solutions, talks about popular Trump trades in the currency market and also why they could disappoint some.00:00 Introduction by Bernadette Anderko (Investment Writing)00:25 Markets wrap-up by Mike Rauber (Investment Writing)06:39 Currencies and metals: Thomas Caflisch (Head of FX Sales Zurich)09:47 Closing remarks by Bernadette Anderko (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.

US stock markets experienced a downturn, with all major indices posting significant losses. Consumer discretionary stocks felt the brunt of the decline, led by disappointing performances from Coca-Cola and McDonald's. Meanwhile, the tech sector faced pressure ahead of the highly anticipated earnings report from Tesla, the first set of Q3 results from the ‘Magnificent 7’, which were released after the market close.Joining us to share their insights are two experts: Norbert Rücker, Head of Macro Research and Next Generation, who discusses his current views on commodities, and Nicolas Jordan, CIO Office, who explains why, and which European equities remain a crucial component of a diversified investment portfolio.00:00 Introduction by Bernadette Anderko (Investment Writing)00:27 Markets wrap-up by Roman Canziani (Head of Investment Writing)05:39 Commodity update: Norbert Rücker (Head of Macro and Next Generation Research)09:28 Update from the CIO Office: Nicolas Jordan (CIO Strategy & Investment Analysis)13:22 Closing remarks by Bernadette Anderko (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.

US stocks saw their first back-to-back drop in six weeks yesterday as traders weighed the prospects of a slower pace of Federal Reserve rate cuts. Meanwhile, gold posted another new record high on geopolitical concerns. Dario Messi, Head of Fixed Income Research, shares his thoughts on the recent steep rise in US Treasury yields. And Mathieu Racheter, Head of Equity Strategy, provides an update on the Q3 earnings season.00:00 Introduction by Bernadette Anderko (Investment Writing)00:34 Markets wrap-up by Jonti Warris (Investment Writing)06:20 Fixed income update: Dario Messi (Head of Fixed Income Research)11:35 Earnings season update: Mathieu Racheter (Head of Equity Strategy)14:49 Closing remarks by Bernadette Anderko (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.

As investors grapple with the implications of an ‘earnings yield inversion’, where the S&P 500 Index yields more than 10-year US Treasuries, US equities took a breather yesterday from last week’s gains. Meanwhile, Asia is seeing its busiest IPO week in more than two years, a key test of market risk appetite. With the US election just two weeks away and US politics increasingly in the headlines, we're joined by Leonardo Pellandini to discuss the impact of the US election on European equities.00:00 Introduction by Jan Bopp (Investment Writing)00:41 Markets wrap-up by Lucija Caculovic (Investment Writing)08:08 Impact of US election on European equities: Leonardo Pellandini (Equity Strategy)12:28 Closing remarks by Jan Bopp (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.

Markets experienced a wild ride last week, with mixed earnings reports, shifting sentiment on China, and monetary policy moves. Despite volatility, the S&P 500 closed at an all-time high, while gold hit a new record high. This week, investors will watch global flash PMIs, corporate earnings, and sentiment indicators for direction. Mensur Pocinci, Head of Technical Analysis, explains why silver has plenty of upside potential, the path of least resistance for Swiss rates is the one towards zero, and why the year-end rally is still on track.00:00 Introduction by Bernadette Anderko (Investment Writing)00:34 Markets wrap-up by Jan Bopp (Investment Writing)06:55 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis)09:28 Closing remarks by Bernadette Anderko (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. 

US economic data showed a mixed picture and the S&P 500 ended the day flat. Weakness in healthcare insurance names was offset by gains in financials and semiconductors. The ECB cut interest rates by 25 basis points, as expected, with eurozone stocks rising. The Swiss Market Index also gained, led by Nestle as it unveiled a corporate realignment. China shares are ending a volatile week higher, after the central bank provided more details on the stock buyback program. The yen weakened, while gold surged above USD 2,700 an ounce, up over 30% this year, on its way to its best annual performance since 1979. Tim Gagie, FX & PM Solutions Geneva, also takes up gold in his comments, pondering what investors can consider doing now.00:00 Introduction by Bernadette Anderko (Investment Writing)00:31 Markets wrap-up by Mike Rauber (Investment Writing)07:19 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)11:47 Closing remarks by Bernadette Anderko (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.

US stocks soared on strong earnings reports, with small caps leading the charge. Could this be a sign of a broader market rally? Meanwhile, European markets saw a mixed bag, with luxury stocks feeling the pinch. Our expert guest, Carsten Menke, Head of Next Generation Research, shares his insights on why a potential correction in the gold price could be a buying opportunity. Tune in for analysis and commentary on the markets that matter.00:00 Introduction by Bernadette Anderko (Investment Writing)00:45 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:44 Gold’s latest rally: Carsten Menke (Head of Next Generation Research)11:06 Closing remarks by Bernadette Anderko (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.

Global equities fell after weak orders and a disappointing guidance from chipmaker ASML dragged down the entire tech sector, wiping USD 420 billion off the sector’s market capitalisation. Energy companies were hit by falling oil prices after the Washington Post reported that Israel has no plans to target Iran’s oil facilities. US banks continued to report solid earnings. Dario Messi, Head of Fixed Income Research, joins today’s episode to talk about what to expect from tomorrow’s ECB decision. And we have Mathieu Racheter, Head of Equity Strategy, on the show to give us more details on the recent earnings reports.00:00 Introduction by Lucija Caculovic (Investment Writing)00:34 Markets wrap-up by Jan Bopp (Investment Writing)05:47 Fixed income update: Dario Messi (Head of Fixed Income Research)10:23 Earnings season update: Mathieu Racheter (Head of Equity Strategy)14:06 Closing remarks by Lucija Caculovic (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.

US equities rose to new highs yesterday, led by a strong performance from information technology and semiconductor stocks. As the earnings season continues, investors are closely watching corporate reports for signs of growth and momentum. Meanwhile, European governments are making waves with investment and tax plans, while China's stimulus efforts continue to shape the Asian landscape. In this episode, we are joined by Manuel Villegas from Next Generation Research to discuss the latest developments in the world of crypto.00:00 Introduction by Bernadette Anderko (Investment Writing)00:28 Markets wrap-up by Lucija Caculovic (Investment Writing)06:47 Digital assets: Manuel Villegas (Next Generation Research)10:59 Closing remarks by Bernadette Anderko (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.

Global equities bounced back on Friday, buoyed by strong earnings reports from leading US banks. The S&P 500 wrapped up the week at a fresh all-time high. Meanwhile, Chinese equities started the week on a mixed note after news on China's fiscal stimulus was light on details. With a plethora of company reports, US retail sales data, and the ECB rate decision on the horizon, this week is shaping up to be particularly eventful. Markus Wachter of our Technical Analysis team explains why equities are poised for a year-end rally and his positive view on gold and silver remains unchanged.00:00 Introduction by Roman Canziani (Head of Investment Writing)00:28 Markets wrap-up by Jan Bopp (Investment Writing)06:19 News from the charts by Markus Wachter (Technical Analysis)09:38 Closing remarks by Roman Canziani (Head of 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.

Yesterday’s biggest economic story was the US inflation data for September, which showed a slight rise in prices, leaving investors to wonder whether the Fed will opt for a smaller rate cut – or none at all – at its next meeting in November. Meanwhile in Europe, the French government unveiled its budget plan for next year in an attempt to tackle the country’s large public debt and restore investor confidence. Today marks the official start of the earnings season, which should provide a nice distraction from all the other macroeconomic news. Tim Gagie, Head of FX & PM Solutions in Geneva, joins today’s show to talk about the US dollar, gold and where he sees opportunities in FX at the moment. We’re also joined by Markus Waeber, Head Indirect Real Estate Advisory & Intelligence, for an update on the Swiss and German property markets.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Lucija Caculovic (Investment Writing)07:08 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)11:41 Switzerland and Germany Real Estate: Markus Waeber (Head Indirect Real Estate Advisory & Intelligence)14:58 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.

The S&P 500 has reached yet another all-time high, marking its 44th record close this year. As investors await key inflation data, US Treasury yields are rising in tandem with stocks, fueling speculation about a 'no landing' scenario. In this episode, we're joined by two expert guests: Norbert Rücker, Head of Economics and Next Generation Research, who shares his insights on the latest commodity trends, and Nicolas Jordan from our CIO office, who discusses the pros and cons of UCITS-compliant hedge fund exposure.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:41 Oil by Norbert Rücker (Head of Economics & Next Generation Research)12:16 Update from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)15:10 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. 

Global markets saw divergent trends, with European stocks struggling due to a falling oil price and high China exposure, while US markets saw a broad-based rally driven by positive tech sector news. Bond yields steadied, and investors await the release of the FOMC minutes for insights into the Fed's next move. Chinese stocks continue to pull back from their post-holiday opening highs yesterday. Mathieu Racheter, Head of Equity Strategy, tells us what to expect from the upcoming reporting season, while Dario Messi, Head of Fixed Income Research, explains why long-term yields remain elevated despite the Fed’s rate cuts.00:00 Introduction by Jonti Warris (Investment Writing)00:24 Markets wrap-up by Jan Bopp (Investment Writing)05:42 Earnings season preview by Mathieu Racheter (Head of Equity Strategy)10:18 Fixed income update by Dario Messi (Head of Fixed Income Research)14:47 Closing remarks by Jonti Warris (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. 

US stocks fell due to concerns about the Middle East, a fall in large-cap tech stocks (except Nvidia), and reduced expectations for interest rate cuts following a strong US labour market. Oil prices rose above USD 80 a barrel on Middle East concerns, but then fell back due to lack of new stimulus measures announced by China. The USD strengthened to a 7-week high against major currencies, while gold held steady. Chinese stocks initially surged after a week-long holiday, but gave up some gains as investors were disappointed by the lack of new stimulus measures announced after the Golden Week holiday. This also weighed on Hong Kong shares, which are down sharply today. Manuel Villegas, Next Generation Research, notes that a Democratic sweep is a tail risk for digital assets.00:00 Introduction by Lucija Caculovic (Investment Writing)00:24 Markets wrap-up by Mike Rauber (Investment Writing)07:34 Digital assets: Manuel Villages (Head of Next Generation Research)11:13 Closing remarks by Lucija Caculovic (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.

At the end of a turbulent week in markets, Friday’s September US jobs report surprised to the upside, helping stocks to close up on the week. US stocks remain close to their all-time highs as traders bet that the Federal Reserve will be able to engineer a soft landing. Mensur Pocinci, Head of Technical Analysis, offers an update on the markets from a technical perspective and shares his outlook for the global equity bull market.00:00 Introduction by Jan Bopp (Investment Writing)00:31 Markets wrap-up by Jonti Warris (Investment Writing)07:03 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis)10:32 Closing remarks by Jan Bopp (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.

Ahead of US non-farm payrolls data due out later today, and following the latest developments in the Middle East, European and US stock markets closed lower yesterday. Hong Kong, Japan and South Korea, however, had a positive session as mainland China continued to enjoy the Golden Week holiday. Tim Gagie, Head of FX & PM Solutions Geneva, provided his weekly update on what to watch in the currency markets, covering the US dollar, the Swiss franc, the British pound and the Japanese yen.00:00 Introduction by Helen Freer (Investment Writing)00:21 Markets wrap-up by Bernadette Anderko (Investment Writing)06:03 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)10:02 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.

Global markets were mixed yesterday as geopolitical tensions between Israel and Iran offset investor optimism driven by central bank easing. This was also reflected in US and European equities, which were little changed on the day. The USD gained on strong employment figures and safe-haven demand. OpenAI raised USD 6.6 billion in funding, valuing the company at USD 157 billion, and Nvidia shares rose after hours on strong demand for its chips. In Japan, stocks are higher on a weaker JPY following comments from the new prime minister. Sophie Altermatt, Macro Research, talks about China's new stimulus measures and whether they are enough to revive the economy.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Mike Rauber (Investment Writing)07:40 Latest developments in China: Sophie Altermatt (Macro & Next Generation Research)12:49 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.

Financial markets have calmed a little after investors seeking safe havens drove stocks and government bond yields lower and gold, oil, the US dollar and the Swiss franc higher. Iran’s attack on Israel has been left unanswered by Israel so far, so markets remain on tenterhooks – they hope for ‘more barking rather than biting’ for now. Mathieu Racheter, Head of Equity Strategy, shares his fundamental assessment across asset classes, now that the Federal Reserve has embarked on its rate cutting cycle.00:00 Introduction by Bernadette Anderko (Investment Writing)00:27 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:11 Rate cuts -  implications for different assets: Mathieu Racheter (Head of Equity Strategy)11:14 Closing remarks by Bernadette Anderko (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.

The S&P 500 and Dow Jones stock indices climbed to fresh new highs yesterday after US Federal Reserve Chair Jerome Powell said that he foresees two more rate cuts of 25 basis points this year following fresh data underlining sustained economic growth and robust consumer spending. Meanwhile, Chinese stocks yesterday posted their biggest daily gains in 16 years as Beijing’s latest stimulus package sparked a searing rally. Manuel Villegas, Next Generation Research, provides an update on the global macroeconomic factors driving demand for digital assets.00:00 Introduction by Helen Freer (Investment Writing)00:34 Markets wrap-up by Jonti Warris (Investment Writing)05:59 Digital assets: Manuel Villegas (Next Generation Research)09:36 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.

China's massive stimulus package has boosted markets, sending the CSI 300 index to a gain of 15.7% last week. This has also lifted export-oriented European equities and industrial metals. Meanwhile, inflation data came in below expectations, and investors await key releases this week, including the US jobs report and eurozone inflation data. Markus Wachter from our Technical Analysis team is also on today’s show and he talks about why he expects further weakness of the US dollar and more upside for Chinese equities and gold.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Jan Bopp (Investment Writing)06:17 Technical Analysis update by Markus Wachter (Technical Analysis Research)08:15 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. 

Global markets rallied, with the S&P 500 and Euro Stoxx 600 hitting all-time highs. China's promise of fiscal stimulus lifts the Hang Seng Index by well over 2% today, its best weekly gain since 2007. ECB rate cut expectations rise after comments from ECB member Isabel Schnabel. Swatch shares jump on speculation that the company may be taken private. The Swiss National Bank cuts its benchmark interest rate for the third time this year and hints at further rate cuts to come. Tim Gagie, Head of FX&PM Solutions Geneva, talks about what the CHF, gold/silver/platinum and the USD are doing and shares his thoughts.00:00 Introduction by Bernadette Anderko (Investment Writing)00:28 Markets wrap-up by Mike Rauber (Investment Writing)06:38 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)11:48 Closing remarks by Bernadette Anderko (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.

China’s latest stimulus failed to ripple beyond Asian markets on Wednesday with US and European stocks broadly lower as investors pondered central banks’ path of rate cuts and digested housing-market data. Our Head of Research in Hong Kong, Richard Tang, shares his take on the latest policy measures in China and talks about why he thinks Chinese equity markets should continue to do well, while Norbert Ruecker, Head of Economics & Next Generation Research, discusses the implications for the commodity sector.00:00 Introduction by Helen Freer (Investment Writing)00:41 Markets wrap-up by Jan Bopp (Investment Writing)05:38 China stimulus measures: Richard Tang (Head of Research Hong Kong)10:55 Impact of China stimulus on commodities: Norbert Rücker (Head of Economics & Next Generation Research)14:52 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.

The biggest story in the markets remains China’s massive stimulus efforts, which have not only lifted Chinese equities but also had a spillover effect on European and US equities, particularly those that stand to benefit from a Chinese economic recovery. Despite some lacklustre economic indicators – including waning consumer confidence in the US, declining business sentiment in Germany and rising borrowing costs in France – investor optimism has been boosted by Beijing’s moves. In this episode, we’re joined by Manuel Villegas from Next Generation Research, who brings us up to speed on the latest developments in the crypto asset market.00:00 Introduction by Bernadette Anderko (Investment Writing)00:28 Markets wrap-up by Lucija Caculovic (Investment Writing)07:01 Digital assets:  Manuel Villegas (Next Generation Research)10:21 Closing remarks by Bernadette Anderko (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.

Chinese authorities this morning unleashed a package of monetary policy stimulus measures and property market support to help revive the country’s struggling economy, which continues to battle with deflationary pressures and is in danger of missing this year's growth target. Meanwhile, US equities built further on last week's gains yesterday, with the S&P 500 index reaching a fresh closing high after data showed that US business activity remained steady in September. Dario Messi, Head of Fixed Income Research, takes a look at bond markets after the Fed’s jumbo rate cut last week and provides his key takeaways for bond investors.00:00 Introduction by Helen Freer (Investment Writing)00:28 Markets wrap-up by Jonti Warris (Investment Writing)06:29 Fixed income update: Dario Messi (Head of Fixed Income Research)10:53 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.

Equity markets across the world have performed well, supported by a big rate cut in the US and the growing belief that the Federal Reserve can engineer a soft landing. This week, there is more central bank action expected as Australia, Sweden and Switzerland decide upon their policy rates. Our expert guest, Mensur Pocinci, Head of Technical Analysis, shares insights from the charts, revealing a promising outlook for a year-end rally.00:00 Introduction by Bernadette Anderko (Investment Writing)00:34 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:26 Technical Analysis update: Mensur Pocinci (Head of Technical Analysis)09:51 Closing remarks by Bernadette Anderko (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.

Stocks across the globe moved higher yesterday following the Federal Reserve’s interest rate cut, with both the Dow and S&P 500 seeing new all-time highs. Meanwhile, other major central banks – including those in England, Norway, Turkey, Japan and China – opted to keep their key rates steady. Joining us on today’s show is Tim Gagie, Head of FX & PM Solutions in Geneva, who offers insights on the implications of some of these central bank decisions for currency markets and identifies potential opportunities for investors.00:00 Introduction by Bernadette Anderko (Investment Writing)00:31 Markets wrap-up by Lucija Caculovic (Investment Writing)05:40 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)09:51 Closing remarks by Bernadette Anderko (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.

In a surprise move, the Federal Reserve has cut its benchmark interest rate by 0.5%, kicking off its first easing cycle since the pandemic began. But unlike previous rate cuts, this decision is not a response to economic weakness – instead, it's a proactive bid to prevent future downturns. We break down what this means for markets, including stocks, bonds, gold and oil. Among the guests today are Norbert Rücker, Head of Economics & Next Generation Research, and Nicolas Jordan, CIO Office, who share their insights on the implications for investors.00:00 Introduction by Helen Freer (Investment Writing)00:41 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:33 Commodities – energy and gold: Norbert Rücker (Head of Economics & Next Generation Research)11:21 Update from the CIO Office: Nicolas Jordan (CIO Strategy & Investment Analysis)14:47 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.