On Monday, US equities bounced back in the last hour of trading to erase early losses and finish in the green. The 2-year US Treasury yield rose to nearly 4%, its highest level since 2007. However, markets remain on something of a knife edge as investors are waiting for the US Federal Reserve and other central banks to deliver outsized rate hikes given stubbornly high inflation levels. In fact, Japan just reported that inflation rose 3.0% year-on-year, slightly higher than expected. David Kohl, Chief Economist, provides a preview of the upcoming central bank meetings. Dario Messi, Fixed Income Research, talks about the Italian elections this weekend and the likely impact on local bonds as well as equities.00:08 Introduction and markets wrap-up by Mike Rauber (Investment Writing)04:10 Central bank meetings preview by David Kohl (Chief Economist)08:40 Italian elections by Dario Messi (Fixed Income Research)12:00 Closing remarks by Mike Rauber (Investment Writing)

Global equity markets ended their worst week since June this year and are now focused on the various central bank decisions due this week. The weakness in markets reflects expectations of further interest rate hikes around the world and concerns that the aggressive tightening to curb inflation could trigger a recession. Mensur Pocinci, Head of Technical Analysis, takes a closer look at US equity and fixed income markets.00:08 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)04:04 Technical update by Mensur Pocinci (Head of Technical Analysis)07:05 Closing remarks by Lucija Caculovic (Investment Writing)

Concerns over the prospects of higher interest rates and the US company FedEx withdrawing its earnings forecast due to worsening business conditions are weighing on investor sentiment this Friday. Chinese data releases – while better than expected – did not help to calm investors’ nerves. Tim Gagie, Head of FX & PM Solutions Geneva, notes that the drop in the gold price is the most important development in precious metals markets this week. Carsten Menke, Head of Next Generation Research, speaks about the Ethereum Merge and highlights that its immediate benefits will not go beyond a reduction in energy consumption. Currently, it is macroeconomic factors that are driving price changes in crypto coins.00:08 Introduction and markets wrap-up by Mike Rauber (Investment Writing)04:23 FX & metals by Tim Gagie (Head of FX & PM Solutions Geneva)07:36 Digital assets by Carsten Menke (Head of Next Generation Research)10:27 Closing remarks by Mike Rauber (Investment Writing)

US equities recovered some of their losses yesterday, with Asia following suit, but concerns remain about the pace of US Federal Reserve tightening, as evidenced by the even steeper inversion of the US Treasury yield curve. Norbert Ruecker, Head of Macro & Next Generation Research, shares his thoughts on the energy situation and explains why he believes that despite the current higher prices, the market fears over Europe’s energy risks are excessive. Nicolas Jordan, CIO Strategy & Investment Analyst, talks us through the discussions and decisions in this week’s Investment Committee meeting.00:09 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:16 EU energy by Norbert Ruecker (Head of Macro & Next Generation Research)06:33 IC update by Nicolas Jordan (CIO Strategy & Investment Analysis)10:06 Closing remarks by Bernadette Anderko (Investment Writing)

US inflation fell less than expected in August sparking a broad-based sell-off across markets. David Kohl, Chief Economist, provides further insights on the print and what it means for the Federal Reserve. Philipp Lienhardt, Head of Equities Research, gives an update on equities. 00:09 Introduction and markets wrap-up by Olivier Maris (Investment Writing)03:20 US inflation numbers by David Kohl (Chief Economist)06:47 Bottom-up sector considerations by Philipp Lienhardt (Head of Equities Research)10:46 Closing remarks by Olivier Maris (Investment Writing)

Ahead of key consumer price data due today, stocks rallied around the world yesterday, with risk sentiment lifted on speculation that inflation is near its peak. In Europe, natural gas prices finally dropped after the European Union began outlining the details of its intervention in the energy crisis. David Alexander Meier, Senior Economist, talks about UK politics and the British pound.00:09 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)03:59 UK politics and the British pound by David Meier (Senior Economist)08:41 Closing remarks by Lucija Caculovic (Investment Writing)

US equities rebounded from a three-week losing streak last week, even as bullish sentiment in investor surveys continued to deteriorate.The main economic event this week will be the release of the August US Consumer Price Index on Tuesday. It is the key economic data release before the US Federal Reserve’s interest rate decision on 21 September. Mensur Pocinci, Head of Technical Analysis, takes a look at what market action is telling us and what it may mean for US equities, crude oil, and US Treasuries.00:09 Introduction and markets wrap-up by Mike Rauber (Investment Writing)03:56 Technical update by Mensur Pocinci (Head of Technical Analysis)06:30 Closing remarks by Mike Rauber (Investment Writing)

Both the European Central Bank (ECB) and the US Federal Reserve remain committed to bringing down inflation by rising rates further. Meanwhile, UK politics takes a back seat as the world mourns the death of Queen Elizabeth II. David Kohl, our Chief Economist, comments on the interest rate decision by the ECB and Carsten Menke, Head of Next Generation Research, provides further insights on the Ethereum merge.00:09 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)03:29 ECB interest rate decision by David Kohl (Chief Economist)06:18 Digital assets by Carsten Menke (Head of Next Generation Research)09:16 Closing remarks by Lucija Caculovic (Investment Writing)

The European Central Bank (ECB) takes centre stage today and is set to hike rates by either 50 or 75 basis points. Carsten Menke, Head of Next Generation Research, gives an update on gold and silver. Tim Gagie, Head of FX&PM Solutions Geneva, shares his latest insights on currencies. Nicolas Jordan, CIO Office, gives an update on this week’s investment committee decisions.00:08 Introduction and markets wrap-up by Olivier Maris (Investment Writing)02:42 Gold by Carsten Menke (Head of Next Generation Research)05:36 FX & metals by Tim Gagie (Head of FX & PM Solutions Geneva)08:51 IC Meeting Update by Nicolas Jordan (CIO Strategy & Investment Analysis)12:16 Closing remarks by Olivier Maris (Investment Writing)

Global stock markets extend their declines as the US dollar continues to strengthen, assisted by higher Treasury yields. Crude oil has fallen to its lowest level since January on concerns that a global slowdown will cut demand in Europe and the US – all this as China’s Covid strategy hurts consumption by the world’s largest crude importer. Markus Allenspach, Head of Fixed Income Research shares his thoughts on the tasks ahead for the UK’s new PM as well as the impact of growth and inflation on the bond markets generally.00:09 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:20 Market update with a fixed-income focus by Markus Allenspach (Head of Fixed Income Research)05:48 Closing remarks by Bernadette Anderko (Investment Writing)

Liz Truss has won the conservative party leadership election and will become the next Prime Minister in the UK. Norbert Ruecker, Head of Macro and Next Generation Research, gives an update on the energy market. David Meier, Senior Economist, explains what the newly appointed British prime minister means for the country’s politics and the British pound.00:08 Introduction and markets wrap-up by Olivier Maris (Investment Writing)02:40 Energy update by Norbert Ruecker (Head of Macro and Next Generation Research)05:03 UK politics and GBP by David Alexander Meier (Senior Economist)08:42 Closing remarks by Olivier Maris (Investment Writing)

US market action started positive on Friday following the release of a better-than-expected US payroll report. However, concerns about interest rates being higher for longer and the news that Gazprom would indefinitely halt its key gas pipeline to Europe led to a sharp reversal in US equities. European equity markets are sharply lower this Monday morning on the energy developments. Markus Wachter, Technical Analysis, gave an update on US equity markets and the USD from a technical perspective. 00:08 Introduction and markets wrap-up by Mike Rauber (Investment Writing)04:30 Technical update by Markus Wachter (Technical Analysis)06:47 Closing remarks by Mike Rauber (Investment Writing)

The global bond sell-off means they have now fallen into their first bear market for a generation. Today investors await the US jobs report for August. Tim Gagie, Head of FX & PM Solutions in Geneva, shares his views on currencies, and Sipho Arntzen from Next Generation Research provides an update on digital assets.00:08 Introduction and markets wrap-up by Helen Freer (Investment Writing)03:53 FX Update by Timothy Gagie (Head of FX&PM Solutions)07:11 Digital Assets by Sipho Arntzen (Next Generation Research)09:19 Closing remarks by Helen Freer (Investment Writing)

Global bonds extend their sell-off, sending yields on two-year US Treasuries to a 15-year high. Norbert Ruecker, Head of Macro and Next Generation Research, gives an update on the Oil & Gas sector, and Nicolas Jordan, CIO Office, provides details on the latest discussions with regard to the bank’s investment strategy.00:08 Introduction and markets wrap-up by Olivier Maris (Investment Writing)03:01 Oil & gas update by Norbert Rücker (Head of Macro & Next Generation Research)06:28 Investment Committee update by Nicolas Jordan (CIO Strategy & Investment Analysis)08:52 Closing remarks by Olivier Maris (Investment Writing)

Global financial markets are in defensive mode, after US equities were lower for a third day in a row yesterday, and commodities experienced their biggest single drop yesterday since early July. On the bright side, US gasoline prices are now below levels the day the war in Ukraine started, giving a boost to consumer confidence. Economic data releases out of China and Japan came in better than expected. David Meier, Macro & Next Generation Research, explains how the EUR is caught between the ECB on a tightening course and high energy prices. Mathieu Racheter, Head of Equity Strategy, provides his outlook in the year-end given the market turmoil.00:08 Introduction and markets wrap-up by Mike Rauber (Investment Writing)04:17 Currencies in the wake of Jackson Hole by Dave Meier (Macro & Next Generation Research)07:36 Year-end outlook: subsector overview by Mathieu Racheter (Head of Equity Strategy)10:02 Closing remarks by Mike Rauber (Investment Writing)

Stock markets are taking a small breather this morning, reassessing the situation after it took Federal Reserve Chair Jerome Powell eight minutes to dictate the new normal with regard to the central banks’ inflation fighting plans. US Treasury yields are slightly down but the US yield curve is still heavily inverted. Markus Allenspach, Julius Baer’s Head of Fixed Income Research, explains where he see yields heading and whether it is time to ramp up exposure now.00:09 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)04:05 Jackson Hole and its aftermath by Markus Allenspach (Head of Fixed Income Research)09:03 Closing remarks by Roman Canziani (Head of Investment Writing)

Federal Reserve Chairman Jerome Powell spoke on Friday, with the markets reacting hawkish to his comments. In Europe, natural gas prices posted the biggest weekly gain in two months surging to fresh highs. Markus Wachter, from Technical Analysis, gives us a technical update.00:09 Introduction and markets wrap-up by Alexander Petersen (Investment Writing)02:52 Technical update by Markus Wachter (Technical Analysis)05:36 Closing remarks by Alexander Petersen (Investment Writing)

Global financial markets are awaiting today’s speech by Jerome Powell, while power prices in Europe continue to rise. Tim Gagie, Head of FX  & Precious Metals Solutions Geneva, looks at the major currency moves this week. Sipho Arntzen, Next Generation Research, shares his views on Ethereum and the upcoming ‘Merge’00:09 Introduction and markets wrap-up by Mike Rauber (Investment Writing)04:16 FX update by Tim Gagie (Head of FX&PM Solutions Geneva)06:57 Digital assets by Sipho Arntzen (Next Generation Research)10:48 Closing remarks by Mike Rauber (Investment Writing)

China is stepping up stimulus spending with a further 1 trillion yuan. Federal Reserve Chair Jerome Powell is due to speak on Friday, with the market anticipating a more hawkish lean to his comments. Carsten Menke, our Head of Next Generation Research, shares his views on industrial metals and Nicolas Jordan from the CIO talks about what it means as markets are waiting for the next rate hike.00:09 Introduction and markets wrap by Alexander Petersen (Investment Writing)02:50 Industrial metals by Carsten Menke (Head of Next Generation Research)05:40 IC Meeting Update by Nicolas Jordan (CIO Strategy & Investment Analysis)09:29 Closing remarks by Alexander Petersen (Investment Writing)

With investors waiting for more clarity from the Federal Reserve at the Jackson Hole Symposium and after some weak economic data, equities across the US and Europe largely retreated yesterday. The Euro has dropped more than 12% versus the US dollar since the beginning of the year and is now below parity. Dario Messi, Fixed Income Strategist, also shares his thoughts on Jackson Hole.00:09 Introduction and markets wrap by Helen Freer (Investment Writing)03:59 Jackson Hole tremors by Dario Messi (Fixed Income Research)07:44 Closing remarks by Helen Freer (Investment Writing)

Both equities and bonds have had a bad start to the week on rising fears of Federal Reserve Chair Jerome Powell delivering a hawkish message at the Jackson Hole Symposium where he is scheduled to speak on Friday. The euro stays under pressure after falling to a two-decade low versus the US dollar yesterday. Mathieu Racheter, our Head of Equity Strategy, shares his views on equity markets going forward.00:09 Introduction and markets wrap by Roman Canziani (Head of Investment Writing)04:18 Equity markets outlook by Mathieu Racheter (Head of Equity Strategy)06:18 Closing remarks by Roman Canziani (Head of Investment Writing)   

Markets are starting the week on their back feet as investors remain nervous ahead of the central bankers’ yearly get-together in Jackson Hole at the end of the week. Chinese markets are in a better mood as loan interest rates there have been cut by major local banks. Mensur Pocinci, Head of Technical Analysis, believes that there is more upside for stocks going into September.00:08 Introduction and markets wrap by Roman Canziani (Head of Investment Writing)02:53 Technical view on the market by Mensur Pocinci (Head of Technical Analysis)05:08 Closing remarks by Roman Canziani (Head of Investment Writing)

So far this week, US equity markets have been rather subdued, but a large number of options expiring today could stir some volatility. Trading was mixed in Asia today, and in Europe investors have to digest the record high inflation print of 8.9% in the eurozone. Tim Gagie, Head of FX & PM Solutions in Geneva, shares his views on currencies, and Sipho Arntzen from Next Generation Research talks about the world of digital assets.00:08 Introduction and markets wrap by Lucija Caculovic (Investment Writing)04:12 FX and commodities by Tim Gagie (FX & PM Solutions Geneva)07:08 Broad crypto update by Sipho Arntzen (Next Generation Research)11:04 Closing remarks by Lucija Caculovic (Investment Writing)

UK inflation data came in at another 40-year high for the year ending 31st July – on the back of this Treasuries sold off in the UK and also in the Eurozone. The minutes from the Federal Reserve’s July meeting were published yesterday and showed that officials agreed that the pace of interest-rate hikes will eventually need to slow down. Norbert Rücker, our head of Macro and Next Generation Research, shares his latest thoughts on the energy market and Markus Allenspach, Head of Fixed Income Research, provides an update from the Investment Committee.00:08 Introduction and markets wrap by Helen Freer (Investment Writing) 03:52 Energy update by Norbert Ruecker (Next Generation Research)06:40 IC Meeting Update by Markus Allenspach (Head of Fixed Income)       09:53 Closing remarks by Helen Freer (Investment Writing)  

US equities ended mixed yesterday, but were helped by better-than-expected results from large retailers. Overnight, the Reserve Bank of New Zealand raised its key policy rate to 3%. Maximiliano Ranieri, Structured Products Solutions Geneva, takes a closer look at the Brazilian market as the election campaign kicks off.00:09 Introduction and markets wrap by Mike Rauber (Investment Writing) 04:19 Fixed Income Structured Products by Maximiliano Ranieri (Structured Products Solutions Geneva)06:10 Closing remarks by Mike Rauber (Investment Writing)   

After a sloppy start, US equities managed to close higher yesterday, just below the 4,300-point mark – a level last seen in early May. Oil is lower again this morning on news of a slowing economy combined with a rising supply. Dr. Sophie Altermatt from Macro and Next Generation Research shares her thoughts on the Chinese economy, where data have mostly disappointed as of late.00:09 Introduction and markets wrap by Roman Canziani (Head of Investment Writing) 03:55 China by Sophie Altermatt PhD (Economic Research)08:09 Investment Views – ‘The future is green’ and ‘Ready to rumble’ by Lucija Caculovic (Investment Writing)    09:39 Closing remarks by Roman Canziani (Head of Investment Writing) 

China’s central bank cut its policy rate by 0.1% as data highlighting its economic travails was released. Chinese bond yields and the offshore yuan fell. Asian stocks fell and the US dollar rose as investors reacted to the news. Mensur Pocinci, our Head of Technical Analysis, shares his thoughts on the markets from a technical standpoint.00:09 Introduction & Markets Wrap by Alexander Petersen (Investment Writing)  03:00 Technical analysis update by Mensur Pocinci (Head of Technical Analysis) 04:58 Closing remarks by Alexander Petersen (Investment Writing)  

US equities saw a mixed trading session yesterday, where losses followed gains on speculation that the rally after softer-than-expected inflation data went too far. In Europe, the low level of the River Rhine and the fresh record for European power prices are causing concern. Tim Gagie, Head of FX & PM Solutions in Geneva, shares his views on currencies, and Sipho Arntzen from Next Generation Research talks about the Ethereum network and its highly anticipated ‘merge’.00:09 Introduction by Helen Freer (Investment Writing)00:28 Markets wrap by Lucija Caculovic (Investment Writing)04:17 FX Update by Tim Gagie (Head of FX & PM Solutions Geneva)07:38 Digital Assets update by Sipho Arntzen (Next Generation Research)     11:17 Closing remarks by Helen Freer (Investment Writing)

Surprisingly low inflation numbers for July in the US ignited a rally across risk assets yesterday. While US Treasury yields dropped only slightly, the US dollar gapped down versus most of its peers. David Kohl, our Chief Economist, shares his take-aways from the inflation print and how the Federal Reserve is likely to proceed in its fight against sticky inflation.00:09 Introduction by Alexander Petersen (Investment Writing)00:34 Markets wrap by Roman Canziani (Head of Investment Writing)04:15 CPI update by David Kohl (Chief Economist)08:16 Investment Committee meeting update by Nicolas Jordan (CIO Strategy)                      11:26 Closing remarks by Alexander Petersen (Investment Writing)

US stocks closed in the red as markets are eagerly awaiting the US CPI data release. China’s CPI already released showed an acceleration to 2.7% in July, its highest level in two years. Mathieu Racheter, our Head of Equity Strategy, speaks on the Inflation Reduction Act passed in the US and Dario Messi, Fixed Income Research, takes a closer look at fixed income markets in the context of US inflation developments.00:18 Introduction by Mike Rauber (Investment Writing)00:55 Markets wrap by Alexander Petersen (Investment Writing)04:25 US Inflation Reduction Act – impact on equities by Mathieu Racheter (Head of Equity Strategy)08:56 Fixed Income Research: CPI data release and fixed income markets by Dario Messi (Fixed Income Research)12:49 Closing remarks by Mike Rauber (Investment Writing)

European equity markets closed in the green yesterday, but in the US the major markets pared earlier gains and ended the day broadly flat, reflecting concerns around the economic outlook. Investors are also awaiting US inflation data that comes out tomorrow. David Kohl, our Chief Economist, also shares his thoughts on last week’s US Labor Market Report and Richard Tang, Head of Research Hong Kong provides an update on China.00:18 Introduction by Roman Canziani (Head of Investment Writing)00:53 Markets wrap by Helen Freer (Investment Writing)04:20 US Labor Market Report and the Fed by David Kohl (Chief Economist)09:01 Hong Kong: China by Richard Tang (Head of Research Hong Kong)11:51 Closing remarks by Roman Canziani (Head of Investment Writing)

After the strong US employment report last week, inflation reports are on the table for major economies this week, including the US, Brazil, China and India. Mensur Pocinci, Head of Technical Analysis, points out the dramatic improvement in the performance of US equities compared to safe-haven assets.00:18 Introduction by Lucija Caculovic (Investment Writing)00:37 Markets wrap by Mike Rauber (Investment Writing)   04:59 Technical update by Mensur Pocinci (Head of Technical Analysis)07:19 Closing remarks by Lucija Caculovic (Investment Writing)

The tech-heavy Nasdaq 100 index is up 19% since its low in June, just short of meeting the technical definition of a bull market. Sipho Arntzen, Next Generation Research, speaks about why it was a big week in the world of crypto as traditional financial institutions make their way into the crypto world, while concerns about the security of digital assets remain.00:18 Introduction by Lucija Caculovic (Investment Writing)00:38 Markets wrap by Mike Rauber (Investment Writing)   05:21 Digital assets by Sipho Arntzen (Next Generation Research) 10:01 Closing remarks by Lucija Caculovic (Investment Writing)

Global stocks continued their advance yesterday, reducing year-to-date losses to about 15%. The Bank of England is set to deliver the biggest interest rate hike in 27 years. Ronny Kaufmann, CIO Office, updates us on the latest CIO views.00:18 Introduction by Helen Freer (Investment Writing)00:34 Markets wrap by Olivier Maris (Investment Writing)03:38 IC meeting update by Ronny Kaufmann (CIO Office)07:51 Closing remarks by Helen Freer (Investment Writing)

US House of Representatives Speaker Nancy Pelosi has landed in Taiwan and promised that the US will not abandon Taiwan in the face of Chinese pressure. Market participants are weighing in on further developments and their implications. Meanwhile, several Federal Reserve officials hinted at further interest rate hikes to fight inflation.00:18 Introduction by Mike Rauber (Investment Writing)00:37 Markets wrap by Lucija Caculovic (Investment Writing)04:44 Closing remarks by Mike Rauber (Investment Writing)

US House Speaker Nancy Pelosi’s expected visit of Taiwan has triggered a light rally in traditional safe havens, namely US Treasuries, gold, the Swiss franc and the Japanese yen. Stock markets have not been able to hold on to their strong gains from July. David Kohl, Chief Economist, comments on the latest data with regard to economic growth in the US and Europe.00:18 Introduction by Olivier Maris (Investment Writing)00:45 Markets wrap by Roman Canziani (Head of Investment Writing)04:45 Technical update by Markus Wachter (Technical Analysis) 06:32 US and Euro-area GDP by David Kohl (Chief Economist)09:36 Closing remarks by Olivier Maris (Investment Writing)

US shares are on course for a seven-week high despite a disappointing US second quarter GDP reading. Strong earnings from Apple and Amazon spur further hopes that the tech industry can handle an economic slowdown. Sipho Arntzen, from Next Generation Research, shares his latest thoughts on cryptos and details further developments on the regulation front.00:18 Introduction by Roman Canziani (Head of Investment Writing)00:40 Markets wrap by Olivier Maris (Investment Writing)04:03 Crypto assets by Sipho Arntzen (Next Generation Research)07:52 Closing remarks by Roman Canziani (Head of Investment Writing)

Stock markets in the US rallied after Federal Reserve Chair Jerome Powell hinted at a slowing pace of interest hikes on signs of an economic slowdown. The US dollar is lower while oil and gold are higher. Mathieu Racheter, Head of Equity Strategy, comments on the first part of the earnings reporting season.00:18 Introduction by Alexander Petersen (Investment Writing)00:38 Markets wrap by Roman Canziani (Head of Investment Writing)04:31 Battery Metals Recycling by Carsten Menke (Head of Next Generation Research)07:12 Earnings Update by Mathieu Racheter (Head of Equity Strategy Research)09:30 Closing remarks by Alexander Petersen (Investment Writing)

Equity markets fell yesterday but there was positive news later on when Alphabet, Microsoft and Texas Instruments all reported double-digit quarterly revenue growth for the second quarter. Australia’s Q2 CPI was lower than expected and this resulted in investors abandoning their bets for a 75 bps hike by the Reserve Bank of Australia next week. Dario Messi, Fixed Income Research, also shares his latest thoughts on the FOMC meeting and the fixed income space. 00:18 Introduction by Lucija Caculovic (Investment Writing)00:39 Markets wrap by Helen Freer (Investment Writing)04:19 Fixed income update by Dario Messi (Fixed Income Research)08:05 Closing remarks by Lucija Caculovic (Investment Writing)

It was a quiet trading session on Monday as investors are waiting to assess a bundle of companies scheduled to report earnings today. Gazprom will once again cut gas shipments on the Nord Stream pipeline, creating a troubling prospect for the EU. David Kohl, our Chief Economist, shares his thoughts on the Federal Reserve decision due out tomorrow. 00:18 Introduction by Roman Canziani (Head of Investment Writing)00:44 Markets wrap by Olivier Maris (Investment Writing)04:05 US monetary policy alert by David Kohl (Chief Economist)08:37 Closing remarks by Roman Canziani (Head of Investment Writing)

Equities will be put to the test this week as the US Federal Reserve is expected to raise interest rates by another 75 basis points. In Asia, China is grabbing the headlines as it plans a fund to prevent a real estate crisis and solve the issues of US-listed Chinese companies. Mensur Pocinci, our Head of Technical Analysis, shares his thoughts on the market from a technical standpoint.00:18 Introduction by Olivier Maris (Investment Writing)00:55 Markets wrap by Lucija Caculovic (Investment Writing)04:25 Technical update by Mensur Pocinci (Head of Technical Analysis)07:29 Closing remarks by Olivier Maris (Investment Writing)

European stocks closed higher after the ECB raised its key rate by 50 basis points, whilst in the US, major indices point to a lower open today after disappointing results from Snap. Sipho Arntzen, Next Generation Research, shares his latest thoughts on digital assets, and the decoupling of token performances. Timothy Gagie, Head of FX & PM Solutions Geneva, analyses the FX market’s reaction to the ECB’s interest rate move.00:18 Introduction by Lucija Caculovic (Investment Writing)00:43 Markets wrap by Olivier Maris (Investment Writing)03:42 Digital assets by Sipho Arntzen (Next Generation Research)07:34 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)10:10 Closing remarks by Lucija Caculovic (Investment Writing)

In Europe, Italy and the UK are making political headlines as investors await the European Central Bank’s interest rate decision later today. Meanwhile, gas deliveries through the Nord Stream pipeline resumed today. Carsten Menke, Head of Next Generation Research, shares his thoughts on gold and silver.00:18 Introduction by Olivier Maris (Investment Writing)00:38 Markets wrap by Lucija Caculovic (Investment Writing)04:14 Commodities by Carsten Menke (Head of Next Generation Research)07:12 Closing remarks by Olivier Maris (Investment Writing)

Equity markets rallied yesterday and the Dow Jones, the S&P 500 and the Nasdaq Composite all traded above their 50-day moving averages for the first time since April. US Treasuries were weaker with some curve flattening. Mathieu Racheter, Head of Equity Strategy, also shares his latest thoughts on the earnings season so far. 00:18 Introduction by Lucija Caculovic (Investment Writing)00:40 Markets wrap by Helen Freer (Investment Writing)04:47 Earnings season by Mathieu Racheter (Head of Equity Strategy)07:44 Closing remarks by Lucija Caculovic (Investment Writing)

The rally on stock markets has paused on Apple’s plans to slow hiring. The race for the succession of Boris Johnson as UK prime minister and leader of the conservative party is heating up with Rishi Sunak one of the favourites. Sophie Altermatt from Macro & Next Generation Research talks about our revised forecast for economic growth in China. 00:18 Introduction by Roman Canziani (Head of Investment Writing)00:41 Markets Wrap by Helen Freer (Investment Writing)04:13 China economy by Dr. Sophie Altermatt (Macro & Next Generation Research)08:47 Closing remarks by Roman Canziani (Head of Investment Writing)

Markets are trading up this morning with Chinese tech shares in the lead on better sentiment as local authorities promise to step up efforts to bolster economic support. The reporting season in the US is gaining steam with some financial behemoths publishing their Q2 results today. Mensur Pocinci, Head of Technical Analysis, talks about where he sees markets heading from a technical point of view.00:18 Introduction by Helen Freer (Investment Writing)00:36 Markets Wrap by Roman Canziani (Head of Investment Writing)04:10 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)06:33 Closing remarks by Helen Freer (Investment Writing)

Stock markets recovered somewhat into the end of the US trading day. Main topics today are the US dollar’s rally, oil’s downturn, and the inverted yield curve in the US. Sipho Arntzen from Next Generation Research talks about the impact of the collapse of Mt Gox, once the world’s largest crypto exchange, on crypto assets.00:17 Introduction by Mike Rauber (Investment Writing)00:56 Markets Wrap by Roman Canziani (Head of Investment Writing)04:27 Currency Markets update / king dollar by Tim Gagie (Head of FX&PM Solutions Geneva)07:51 Crypto Markets / Mt. Cox by Sipho Arntzen (Next Generation Research)11:52 Closing remarks by Mike Rauber (Investment Writing)

With US inflation hitting its highest level since November 1981 in June, markets are now speculating that the US Federal Reserve could raise interest rates by one percentage point at its meeting in late July. Meanwhile, draft projections by the European Commission show that the eurozone’s rebound from the pandemic could be weaker than anticipated. Norbert Ruecker, Head of Macro and Next Generation Research, shares his view on the energy markets. 00:18 Introduction by Roman Canziani (Investment Writing)00:54 Markets Wrap Up by Lucija Caculovic (Investment Writing)04:37 Energy update by Norbert Rücker (Head of Macro & Next Generation Research)08:08 Investment Committee decisions by Nicolas Jordan (CIO Office)11:36 Closing remarks by Roman Canziani (Investment Writing)