US equity markets fell yesterday as investors digested comments from four Federal Reserve officials that the Fed needs to continue to raise interest rates to fight inflation. European markets were mixed, while Turkey’s stock exchange suspended trading for the first time in 24 years in the wake of the tragic earthquakes there. Norbert Rücker, Head of Macro & Next Generation Research, provides an update on the oil market; Mathieu Racheter, Head of Equity Strategy, explains his preference for European banks over US banks; and Nicolas Jordan, CIO Strategy & Investment Analysis, provides details on the latest discussions with regard to the bank’s investment strategy.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)03:56 Oil market update by Norbert Rücker (Head of Macro & Next Generation Research)06:37 European banks by Mathieu Racheter (Head of Equity Strategy)09:12 Investment Committee update by Nicolas Jordan (CIO Strategy & Investment Analysis)11:30 Closing remarks by Helen Freer (Investment Writing)

A week after delivering a 25 basis point interest rate hike, Federal Reserve Chairman Jerome Powell welcomed disinflation yesterday, but warned that if we see stronger labour reports, or signs that inflation is creeping back in then “it may well be the case that we have to do more and raise rates more than is currently priced in”. The US equity markets dithered about which way to go during his speech but closed higher on the day as they focused on the disinflation comment, with a particularly strong showing from tech stocks. David Kohl, Chief Economist delivers his thoughts on what happens with US interest rates now.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:51 Latest update from US Federal Reserve Chair Jerome Powell by David Kohl (Chief Economist)06:42 Closing remarks by Bernadette Anderko (Investment Writing)

Jerome Powell is scheduled to speak today with Investors eagerly awaiting his remarks. Rishi Sunak will appoint a new Conservative Party chair, after he sacked Nadhim Zahawi over a tax scandal more than a week ago. The Australian Dollar extended its gains and bonds fell after the central bank raised its key rate to the highest in 10 years. Sophie Altermatt, from Macro & Next Generation Research gives us insights about Chinas economic recovery and Eric Mac from Research Hongkong provides an update on Asian tourism.00:14 Introduction and markets wrap-up by Alex Petersen (Investment Writing)02:45 China recovery by Sophie Altermatt (Macro & Next Generation Research)05:40 Asian tourism by Eric Mak (Research Hong Kong)08:15 Closing remarks by Alex Petersen (Investment Writing)

Equities as well as bonds are trading lower this morning, with renewed tensions between the US and China over an alleged spy balloon and US payrolls and the latest ISM report threatening the common narrative of US interest rates peaking. However, from a technical perspective, US stock markets are showing plenty of positive momentum, as our Head of Technical Analysis Mensur Pocinci explains. The Japanese yen is under pressure following the rumoured appointment of Masayoshi Amamiya, one of the architects of the Japanese ultra-easy monetary policy, as Chairman of the Bank of Japan.00:14 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)04:00 Technical analysis update by Mensur Pocinci (Head of Technical Analysis Research)06:01 Closing remarks by Roman Canziani (Head of Investment Writing)

Global equities were propelled higher yesterday by expectations that rates are soon to peak, even as the European Central Bank is leaning against this view, and a surge in shares of Meta Platforms. This morning, markets are being weighed lower by results of Apple, Amazon, and Alphabet. Tim Gagie, Head of FX&PM Solutions Geneva, notes that after the central bank meetings this week, FX markets went into reverse as the dollar rose despite a more dovish US Federal Reserve and the euro fell even though the European Central Bank was more hawkish. Manuel Villegas, Next Generation Research, highlights that in digital assets it is all about staking at the moment and the upcoming upgrade of the Ethereum blockchain network.00:14 Introduction and markets wrap-up by Mike Rauber (Investment Writing)03:16 Currencies and metals update by Timothy Gagie (Head of FX & PM Solutions Geneva)06:13 Digital assets by Manuel Villegas (Next Generation Research)08:54 Closing remarks by Mike Rauber (Investment Writing)

The US trading day was marred by an issue with the New York Stock Exchange system that caused hundreds of securities to commence trading without an opening auction price. After-hours trading saw Microsoft rally and then fall following better-than-expected earnings but a warning regarding its cloud-computing business. Dario Messi, Fixed Income Research Analyst, joins the show to explain the rationale for his call to invest in USD investment-grade bonds.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:58 Review & preview of central bank meetings by Markus Allenspach (Fixed Income Research)09:08 IC update by Nicolas Jordan (CIO Strategy & Investment Analysis)10:53 Closing remarks by Bernadette Anderko (Investment Writing)

Several data releases yesterday showed encouraging signs that the Federal Reserve’s interest rate hikes over the past year have begun to slow inflation. Investors are now eagerly awaiting today’s interest rate decision from the US and subsequent comments from Fed Chairman Jerome Powell – which could certainly provide the big headlines of the day. Dario Messi of Fixed Income Research provides an update on this week’s central bank action and what it all means for investors.00:14 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)04:05 Central Banks – what’s coming up this week by Dario Messi (Fixed Income Research)07:33 Closing remarks by Lucija Caculovic (Investment Writing)

Brexit is costing the UK economy GBP 100 billion a year and economists at Bloomberg believe the UK economy is 4% smaller than it might have otherwise been. In today’s episode, Mathieu Racheter, Head of Equity Strategy, provides an update on the Q4 US earnings season and Richard Tang, Head of Research Hong Kong, shares the latest news on the Chinese markets following last week’s Lunar New Year celebrations.00:14 Introduction and markets wrap-up by Jonti Warris (Investment Writing)03:11 US earnings update by Mathieu Racheter (Head of Equity Strategy)06:38 China after the Lunar New Year celebrations by Richard Tang (Head of Research Hong Kong)12:00 Closing remarks by Jonti Warris (Investment Writing)

After a strong start to the year for global equities, there is plenty going on for investors to watch this week: earnings releases from major global companies, China returning from its Lunar New Year celebrations, central banks in the US, Europe, and the UK expected to raise rates, and tensions flaring up again in the Middle East after an Israeli drone strike inside Iran. Mensur Pocinci, Head of Technical Analysis Research, notes that broad-based advances in US equities, in particular the Nasdaq index, support the case for further upward moves.00:14 Introduction and markets wrap-up by Mike Rauber (Investment Writing)03:51 Technical analysis update by Mensur Pocinci (Head of Technical Analysis Research)05:18 Closing remarks by Mike Rauber (Investment Writing)

Markets were lifted yesterday by the latest data from the US, which showed that GDP rose more than analysts had predicted. In addition, consumer spending remained clearly positive and jobless claims were lower than expected - all good news from the US economy. In Asia, Japanese inflation is making headlines after rising to its highest level since 1981. Tim Gagie, Head of FX & PM Solutions in Geneva, gives his view on currency markets, and Manuel Villegas of the Next Generation Research team provides an update on digital assets.00:14 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)04:10 FX update by Tim Gagie (Head of FX&PM Solutions Geneva)06:37 Digital asset update by Manuel Villegas (Next Generation Research)08:27 Closing remarks by Lucija Caculovic (Investment Writing)

There were no big movements in the major US markets yesterday after the major indices in Europe all ended the day in the red. The US dollar has weakened ahead of US Q4 GDP data that comes out later today and the PCE inflation measure that is due out tomorrow. Norbert Ruecker, Head of Macro & Next Generation Research, shares his latest insights on the energy markets, and Nicolas Jordan, CIO Strategy & Investment Analysis, provides details on the latest discussions with regard to the bank’s investment strategy.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)03:40 Update on energy by Norbert Rücker (Head of Macro & Next Generation Research)07:18 IC update by Nicolas Jordan (CIO Strategy & Investment Analysis)10:12 Closing remarks by Helen Freer (Investment Writing)

US car manufacturer Ford announces plans to slash 3,200 jobs across Europe. The Nasdaq 100 gains 2.2%, marking its strongest 2-day rally since November. Mathieu Racheter, Head of Equity Strategy, takes a closer look at the impact of China’s reopening. And Chief Economist David Kohl provides his insights on US GDP forecasts.00:14 Introduction and markets wrap-up by Jonti Warris (Investment Writing)03:36 China re-opening by Mathieu Racheter (Head of Equity Strategy)06:57 US GDP forecast by David Kohl (Chief Economist)10:32 Closing remarks by Jonti Warris (Investment Writing)

US equities rallied on Friday following better than expected earnings reports; Alphabet's admission that it needs to reverse some of the business decisions it made during the pandemic; and members of the Federal Reserve arguing for a moderation in interest rate hikes. One interesting observation: US monthly new home sales for December were reported on Friday at 4 million, well below the 5 million seen during much of the last decade. Mensur Pocinci, Head of Technical Analysis Research, makes the case for the Nasdaq and Swiss small- and mid-caps.00:14 Introduction and markets wrap-up by Mike Rauber (Investment Writing)03:33 Technical update by Mensur Pocinci (Head of Technical Analysis)05:33 Closing remarks by Mike Rauber (Investment Writing)

US equity markets fell yesterday as investors digested comments from US Federal Reserve officials that monetary policy tightening has not yet finished. All the major indices in Europe also ended the day in the red. Tim Gagie, Head of FX & PM Solutions in Geneva, shares his views on currencies, and Manuel Villegas from Next Generation Research provides an update on digital assets.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)03:10 FX Update by Timothy Gagie (Head of FX&PM Solutions Geneva)06:40 Digital Assets by Manuel Villegas (Next Generation Research)09:03 Closing remarks by Helen Freer (Investment Writing)

After a strong start to the year, equity markets in the US and China saw investors take some of their chips off the table overnight. The Dow Jones for example lost 600 points, as investors took profits on some of the strong January gains and as a disappointing December retail sales reading raised concerns of a recession. Meanwhile, the 10 year US Treasury bond continued to rally, seeing its yield slide to its lowest level since September. Carsten Menke, Head of Next Generation Research, reveals what the most recent Chinese economic data means for the country’s property market and the knock-on effect on industrial metals, and Nicolas Jordan from the CIO office fills us in on the Investment Committee’s most recent thoughts and actions.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing) 03:46 China/Demographics/Industrial metals by Carsten Menke (Head of Next Generation Research)07:06 Update from the Investment Committee by Nicolas Jordan (CIO Strategy & Investment Analysis)09:54 Closing remarks by Bernadette Anderko (Investment Writing) 

German Chancellor Olaf Scholz has said that Germany will not fall into a recession. And the Bank of Japan has decided to further maintain its ultra-low interest rate policy, causing the yen to tumble over 2.5%. Dario Messi from Fixed Income Research, explains the implications of the BoJ’s decision for bond markets.00:14 Introduction and markets wrap-up by Jonti Warris (Investment Writing)03:07 Bank of Japan policy decisions and implications for bond markets by Dario Messi (Fixed Income Research)07:10 Closing remarks by Jonti Warris (Investment Writing)

Asian stocks dip this morning, with traders selling on weaker than expected Chinese gross domestic product data despite an uptick towards year-end. Japanese stocks are up on the prospects of a further adjustment of the Bank of Japan’s yield-curve-control policy at the central bank’s meeting tomorrow. Mathieu Racheter, Head of Equity Strategy, shares his thoughts about Q4 results reported by some of the heavy-weight US Wall Street banks – markets are eagerly awaiting Morgan Stanley’s and Goldman Sachs’s reports, due today.00:14 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)03:41 US bank earnings by Mathieu Racheter (Head of Equity Strategy)05:48 Closing remarks by Roman Canziani (Head of Investment Writing)

US equities reversed their initial losses on Friday as investors seemed to like what they heard from major US banks on their earnings releases and US short-term inflation expectations fell to their lowest in nearly two years. An interesting observation: after the recent rally, Hong Kong’s Hang Seng Index has outperformed the S&P 500 Index over the last twelve months. Mensur Pocinci, Head of Technical Analysis, talks about what type of assets to own as US Treasury yields have fallen recently.00:14 Introduction and markets wrap-up by Mike Rauber (Investment Writing)03:22 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)04:50 Closing remarks by Mike Rauber (Investment Writing)

The US inflation data was certainly the most important news item yesterday - the US stock market seesawed in reaction to the data and then ended in the green. While market participants are now speculating on the future interest rate path of the US Federal Reserve, they are slowly but surely turning their attention to the earnings season, which kicks off today with the usual big US banks. Tim Gagie, Head of FX & PM Solutions in Geneva, shares his thoughts on currency markets, and our Head of Next Generation Research, Carsten Menke, gives an update on stablecoins.00:14 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)03:35 FX update by Tim Gagie (Head of FX & PM Solutions Geneva)06:38 Digital assets update by Carsten Menke (Head of Next Generation Research)10:00 Closing remarks by Lucija Caculovic (Investment Writing)

Head of the Federal Reserve Bank of Boston, Susan Collins, has spoken out in favour of an interest rate hike of 0.25% at the US central bank’s next policy decision. We take a look at what the Q4 2022 earnings season holds in store, we find out what China’s reopening means for the copper market and we also feature an update from Julius Baer’s first Investment Committee meeting of the year.00:14 Introduction and markets wrap-up by Jonti Warris (Investment Writing)03:41 Q4 2022 earnings briefing by Mathieu Racheter (Head of Equity Strategy Research)06:55 Copper’s reaction to China reopening by Carsten Menke (Head of Next Generation Research)10:23 Update on the 2023’s first Investment Committee meeting by Nicolas Jordan (CIO office)12:42 Closing remarks by Jonti Warris (Investment Writing)

The key US equity indices closed higher yesterday with the Nasdaq Composite celebrating a third day in the green, as investors optimistic about the prospect of cooling inflation took the opportunity to pick up beaten-up tech stocks. Asian markets followed suit – further buoyed by China’s reopening. Damien Ng from Next Generation Research joins the podcast today to enlighten us on new research data on one aspect of the Healthy Living theme – why how much (water) you drink, matters.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:07 New Year’s resolution - lower blood sodium? By Damien Ng (Next Generation Research)05:23 Closing remarks by Bernadette Anderko (Investment Writing)

In Europe, almost all of the major indices ended the day in the green yesterday and US equities also started positively, but the hawkish comments from some US Federal Reserve officials then dampened the mood. The S&P 500 ended the day broadly flat, while the Nasdaq Composite rose by 0.6%, helped particularly by Tesla’s rally. David Kohl, our Chief Economist, comments on the latest economic data in the US and Europe, and Eirini Tsekeridou from Fixed Income Research talks about the latest situation in Brazil and what it means from a fixed income investment perspective.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)03:39 US jobs report, European inflation figures by David Kohl (Chief Economist)09:27 Brazil by Eirini Tsekeridou (Fixed Income Research)12:39 Closing remarks by Helen Freer (Investment Writing)

Stocks in the US and Asia are up this morning on the heels of what some called a ‘goldilocks’ US jobs report, showing a somewhat less tight labour market and lower-than-expected wage growth, and the on-going China reopening. Richard Tang, our Head of Research in Hong Kong, sets the rally in Asia in perspective and Mensur Pocinci, our Head of Technical Analysis, explains why he believes that investors are well advised to rebalance stock portfolios, considering investments in Asia and Europe too over the coming months.00:14 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)03:59 China outlook by Richard Tang (Head of Research, Hong Kong)09:57 Technical analysis update by Mensur Pocinci (Head of Technical Analysis Research)10:59 Closing remarks by Roman Canziani (Head of Investment Writing)

Hosted today by Helen Freer (Investment Writing).As part of a special two-week series featuring highlights from recent Julius Baer podcasts, today's show features a recent conversation that Helen Freer had with Simon Ibbitson, our Head of Private Markets Fund Distribution, and Michael Hornung-Moser from our Private Markets investment team on Julius Baer’s Beyond Markets podcast. They talked about various aspects of investing in private markets.Our regular show that starts with daily market news returns on Monday 9th January. 

Hosted today by Helen Freer (Investment Writing).As part of a special two-week series featuring highlights from recent Julius Baer podcasts, today's show is a conversation featuring Alan Hooks, Head of Private Clients for Julius Baer in the UK, on Julius Baer’s True Connections podcast. Alan spoke to Rutu Buddhdev, the Founder and Managing Director of Amara Property, a luxury home builder in North London. Alan asked Rutu about how she started her business and how it has evolved, the challenges and opportunities she has experienced as an entrepreneur, and the impact that Covid had on the business.Our regular show that starts with daily market news returns on Monday 9th January. 

Hosted today by Helen Freer (Investment Writing).As part of a special two-week series featuring highlights from recent Julius Baer podcasts, today's show is a conversation that John Franklin and Grace Treston had with our Head of Investment Advisory, Diego Würgler, on Julius Baer’s Wealth Insights podcast. When uncertainty is high, some investors feel safer reverting to cash, but in this conversation Diego explains the impact that this can have on a portfolio.Our regular show that starts with daily market news returns on Monday 9th January. 

Hosted today by Lucija Caculovic (Investment Writing).As part of a special two-week series featuring highlights from recent Julius Baer podcasts, today's show features a conversation that John Franklin and Grace Treston had withChristian Gattiker, Head of Research, on Julius Baer’s Wealth Insights podcast. With the record high inflation levels that we have seen, John and Grace spoke to Christian about how investors can protect their purchasing power.Our regular show that starts with daily market news returns on Monday 9th January. 

Hosted today by Lucija Caculovic (Investment Writing).As part of a special two-week series featuring highlights from recent Julius Baer podcasts, today's show is a conversation that Alan Hooks, Head of Private Clients for Julius Baer in the UK, had on Julius Baer’s True Connections podcast. Alan spoke to Chris Sheldrick, the CEO and co-founder of what3words, and he asked Chris about what inspired him to set this business up and what the future holds for what3words, a company that offers an innovative address-finding solution.Our regular show that starts with daily market news returns on Monday 9th January. 

Hosted today by Helen Freer (Investment Writing).As part of a special two-week series featuring highlights from recent Julius Baer podcasts, today's show is a conversation that John Franklin and Grace Treston had with Norbert Ruecker, Head of Macro and Next Generation Research, on Julius Baer’s Wealth Insights podcast. They discuss various aspects of the energy transition and the remaining obstacles to the global adoption of clean energy.Our regular show that starts with daily market news returns on Monday 9th January. 

Hosted today by Bernadette Anderko (Investment Writing).As part of a special two-week series featuring highlights from recent Julius Baer podcasts, today's show is a conversation between Helen Freer and Roberto Cominotto, who is an Equity Research Analyst, on Julius Baer’s Beyond Markets podcast. Helen talked to Roberto about hydrogen – what it actually is and if hydrogen could be an environmentally-friendly source of energy and therefore help in the fight against climate change.Our regular show that starts with daily market news returns on Monday 9th January. 

Hosted today by Mike Rauber (Investment Writing).As part of a special two-week series featuring highlights from recent Julius Baer podcasts, today's show is a conversation that Helen Freer had with Tim Gagie, Head of FX and Precious Metals Solutions in Geneva, on Julius Baer’s Beyond Markets podcast. Helen and Tim talk about the impact of rising interest rates and economic data releases on currencies and whether investors should consider hedging their portfolios.Our regular show that starts with daily market news returns on Monday 9th January. 

Hosted today by Lucija Caculovic (Investment Writing).As part of a special two-week series featuring highlights from recent Julius Baer podcasts, today's show features a conversation between Roy Athanasius Ang and Sabrina Choy, a Singapore-based FX specialist, on Julius Baer’s Beyond Markets podcast. They discuss what a strong US dollar means for investors.Our regular show that starts with daily market news returns on Monday 9th January. 

Hosted today by Bernadette Anderko (Investment Writing). As part of a special two-week series featuring highlights from recent Julius Baer podcasts, today's show is a conversation that Helen Freer had with Diego Würgler, Head of Investment Advisory, on Julius Baer’s Beyond Markets podcast. Helen asks Diego for his thoughts on thematic investing. Our regular show that starts with daily market news returns on Monday 9th January. 

Short-dated yields in the US rose on better-than-expected economic data, implying that there is further room for the US Federal Reserve to hike rates in its quest to rein in inflation. Tim Gagie, our Head of FX & PM Solutions Geneva, rhymes a review of the year for currencies and Carsten Menke, our Head of Next Generation Research, speaks about one of the leading centralised crypto exchanges.00:14 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)02:50 FX markets update by Tim Gagie (Head of FX & PM Solutions Geneva)04:29 Digital assets – Binance by Carsten Menke (Head of Next Generation Research)

US equities were flat on the day yesterday with oil & gas stocks rising, but consumer discretionary stocks falling on weak numbers from the housing market. Following the shift in Japan’s monetary policy yesterday, Japan’s two-year government bond yield briefly rose above zero for the first time since 2015. Dario Messi, Fixed Income analyst, takes a closer look at what the Bank of Japan decided and what it means for global bond markets. Maximiliano Ranieri, Structured Products Solutions in Geneva, speaks about a European Investment Grade Credit Index.00:14 Introduction and markets wrap-up by Mike Rauber (Investment Writing)03:48 Bank of Japan by Dario Messi (Fixed Income Research)08:26 European Investment Grade Credit Index by Maximiliano Ranieri (Structured Products Solutions Geneva)10:47 Closing remarks by Mike Rauber (Investment Writing)

Bank of Japan Governor Kuroda shocks markets in a surprise change to the bank’s yield curve policy. EU energy ministers approve a measure to limit natural gas prices to combat the energy crisis after two months of intense negotiations. And David Meier, Macro & Next Generation Research, shares his thoughts on currencies after a busy few days of central bank meetings.00:14 Introduction and markets wrap-up by Jonti Warris (Investment Writing)03:30 Our view on currencies after central bank meetings by David Alexander Meier (Macro & Next Generation Research)05:55 Closing remarks by Jonti Warris (Investment Writing)

After a number of rate hikes from major central banks last week and officials drilling home the message that rates will go higher until they’re confident that inflation is under control, all the major indices in the US and Europe fell on Friday. Leaders in China have said they’ll focus on boosting their economy next year, and European Union member states will meet today to discuss the proposal of a much lower gas-price cap. Markus Wachter, Technical Analysis Research, provides his latest thoughts from a technical perspective.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)03:08 Technical analysis update by Markus Wachter (Technical Analysis Research)05:54 Closing remarks by Helen Freer (Investment Writing)

The central banks of the eurozone, the UK, and Switzerland raised interest rates by half a percentage point yesterday, matching the Federal Reserve’s previous day move. Our Chief Economist, David Kohl, and our Head of FX & PM Solutions Geneva, Tim Gagie, join us on this show to talk about what this means for growth, inflation, and currencies. Manuel Villegas from Next Generation Research speaks about the continuing fallout from FTX’s collapse, and the recent news flow around Binance.00:14 Introduction and markets wrap-up by Mike Rauber (Investment Writing)04:06 Central banks update by David Kohl (Chief Economist)08:11 FX update by Tim Gagie (Head of FX & PM Solutions Geneva)11:47 Digital assets update by Manuel Villegas (Next Generation Research)14:13 Closing remarks by Mike Rauber (Investment Writing)

The US federal Reserve delivered the expected 50 basis point hike yesterday, but stock markets were disappointed by the indication that officials expect to keep rates higher in 2023, with no reductions expected until 2024. European stock markets now nervously await decisions from the ECB, Swiss national Bank and Bank of England. Carsten Menke, Head of Next Generation Research talks us through why he expects the recent recovery in gold and silver prices to run out of steam soon, and Nicolas Jordon updates us on the latest thoughts from the bank’s investment committee.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:47 Gold & Silver update by Carsten Menke (Head of Next Generation Research)06:58 IC Meeting update by Nicolas Jordan (CIO Strategy)09:49 Closing remarks by Bernadette Anderko (Investment Writing)

US stock and bond markets gained yesterday after CPI data revealed that inflation in the US is cooling. Nevertheless, headline CPI remains above 7% and whilst the Fed is expected to deliver a 50 basis point hike today, the markets are now more interested in the forecasts that they will release and the language that they use around their decision. Dario Messi from Fixed income Research joins the podcast to explain more.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:02 Thoughts on strategy pre-Fed by Dario Messi (Fixed Income Research)06:49 Closing remarks by Bernadette Anderko (Investment Writing)

The European Union has reached a preliminary agreement which clears the way for an EUR 18 billion support package for the Ukraine. Meanwhile, Hong Kong is scrapping some of its remaining Covid restrictions following China’s rapid shift away from its zero-covid strategy. Mathieu Racheter, Head of Equity Strategy gives us some insight into the opportunities emerging from China’s reopening.00:14 Introduction and markets wrap-up by Alexander Petersen (Investment Writing)02:44 Impact of China reopening by Mathieu Racheter (Head of Equity Strategy)04:29 Closing remarks by Alexander Petersen (Investment Writing)

US equity markets closed in the red on Friday and posted losses for the week following the release of November’s producer price index figures which came in higher than expected, while the major European indices closed the day in positive territory on optimism after China’s strict Covid-19 rules were relaxed. It’s central bank week this week with the US Federal Reserve meeting on Wednesday, where a 50-basis-point hike is expected. Then we’ll hear from the European Central Bank, the Bank of England and the Swiss National Bank, among others, on Thursday. Mensur Pocinci, Head of Technical Analysis, provides his latest thoughts from a technical perspective.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)03:16 Technical analysis update by Mensur Pocinci (Head of Technical Analysis Research)05:33 Closing remarks by Helen Freer (Investment Writing)

Today, investors are focused on US producer price data, which is among the last data US Federal Reserve policymakers will see before their December meeting next week. In Asia, China is experiencing a rapid rise in Covid infections, but outgoing Premier Li Keqiang said the country’s economic growth will still “keep picking up”. Tim Gagie, Head of FX & PM Solutions in Geneva, provides an update on the latest movements in currencies, and Manuel Villegas from the Next Generation Research team talks about what is currently driving the crypto space.00:14 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)02:50 FX update by Tim Gagie (Head of FX & PM Solutions Geneva)06:26 Digital assets update by Manuel Villegas (Next Generation Research)09:32 Closing remarks by Lucija Caculovic (Investment Writing)

US and Asian stock markets closed fairly flat yesterday and overnight, with only Hong Kong seeing any meaningful gains, based on local news reporting of further covid restrictions being lifted. Investors now await more economic data this week for clues on what to expect from the US Federal Reserve next week. Amidst the oil, gas and coal headlines dominating the newswires, Norbert Rücker, Head of Macro and Next Generation Research, updates us on global energy markets. Nicolas Jordan from the CIO Office fills us in on the investment committee’s thoughts about year-end.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:57 Global energy situation by Norbert Rücker (Head of Macro & Next Generation Research)07:41 IC update by Nicolas Jordan (CIO Strategy & Investment Analysis)09:13 Closing remarks by Bernadette Anderko (Investment Writing)

It was not an economic data release, but downbeat remarks from CEOs of major US banks about growth headwinds ahead that led the US equity market lower yesterday. Yet, on the positive side of the ledger, China’s National Health Commission announced 10 new measures to ease Covid restrictions. Dario Messi, from Fixed Income Research, joined the show to talk about why the fundamental backdrop for emerging market hard-currency bonds has turned attractive.00:14 Introduction and markets wrap-up by Mike Rauber (Investment Writing)03:32 Emerging market hard currency bonds upgraded to ‘Overweight’ by Dario Messi (Fixed-income Research)07:08 Closing remarks by Mike Rauber (Investment Writing)

The ISM Services Index rose to 56.5 in November which has cast some doubt over a Fed pivot and contributed to US equity markets falling and US Treasury yields surging yesterday. Chinese authorities are relaxing some of their strict Covid rules, but the possibility of new tariffs on Chinese steel and aluminium might weigh on sentiment. David Meier, Senior Economist, talks about the EUR/USD outlook and Mathieu Racheter, Head of Equity Strategy, shares his latest thoughts on what’s in store for the industrials sector.00:09 Introduction and markets wrap-up by Helen Freer (Investment Writing)02:55 The US dollar and EUR/USD outlook by David Alexander Meier (Macro & Next Generation Research)05:18 Global industrials – is the rally premature? By Mathieu Racheter (Head of Equity Strategy)07:29 Closing remarks by Helen Freer (Investment Writing)

OPEC+ agreed yesterday to keep its output targets unchanged. Chinese authorities appear to be engineering a major shift away from their strict Covid Zero policy with the relaxation of testing rules across major cities. Saudi Arabia’s Crown Prince may be preparing to invest around USD 500 million in Credit Suisse’s CS First Boston spinout. Mensur Pocinci, Head of Technical Analysis, provides an update on the latest market moves from a technical perspective.00:09 Introduction and markets wrap-up by Alexander Petersen (Investment Writing)02:53 Technical analysis update by Mensur Pocinci (Head of Technical Analysis Research)04:12 Closing remarks by Alexander Petersen (Investment Writing)

US economic data releases on Thursday pointed to a cooling off in growth and inflation. All eyes will be on the US labour market data today and whether it can impact interest rate expectations and the markets as a whole. Tim Gagie, Head of FX & PM Solutions Geneva, talks about whether the recent USD weakness has room to grow. Manuel Villegas from Next Generation Research is on the show for the first time. He speaks about crypto and why now is the time to understand custody solutions.00:09 Introduction and markets wrap-up by Mike Rauber (Investment Writing)03:17 Currencies & metals by Tim Gagie (Head of FX & PM Solutions Geneva)05:12 Digital assets by Manuel Villegas (Next Generation Research)07:23 Closing remarks by Mike Rauber (Investment Writing)