US stocks extended their rally yesterday on prospects that a solid global economy will continue to fuel corporate earnings. The S&P 500 climbed to a new high just shy of the milestone 5,000 mark, as the rally led by technology stocks powered ahead. We speak to our Head of Economics & Next Generation Research, Norbert Rücker, who gives an update on the natural gas market. And Nicolas Jordan, CIO Strategy & Investment Analysis, joins us to share the latest views from the CIO Office.00:00 Introduction by Helen Freer (Investment Writing)00:34 Markets wrap-up by Jonti Warris (Investment Writing)07:25 Natural gas update by Norbert Rücker (Head of Economics & Next Generation Research)11:25 Latest news from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)14:22 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. 

In the absence of any significant economic data releases, equity markets take a breather and US Treasury yields slightly retreat after a period of volatility following strong US labour market data and Jerome Powell’s comments on Sunday. Richard Tang, Head of Research Hong Kong, shares his thoughts on the latest policy actions in China and Mathieu Racheter, Head of Equity Strategy, provides an update on the US earnings season.00:00 Introduction by Bernadette Anderko (Investment Writing)00:25 Markets wrap-up by Roman Canziani (Head of Investment Writing)07:07 Chinese equities by Richard Tang (Head of Research, Hong Kong)12:23 Earnings Season update by Mathieu Racheter (Head of Equity Strategy)15:52 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. 

Yesterday's strong economic data from the US prompted traders to scale back their expectations regarding interest rate cuts, sending Treasury yields higher along with the US dollar. Equity markets suffered across the board, but overnight news of new Chinese stimulus measures improved market sentiment. We are about halfway through the earnings season and it is still making plenty of headlines. Dario Messi, from Fixed Income Research, also shares an update on bond markets in today’s show.00:00 Introduction by Helen Freer (Investment Writing)00:30 Markets wrap-up by Lucija Caculovic (Investment Writing)05:33 Fixed income market update by Dario Messi (Fixed Income Strategist)09:00 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 your favourite podcast player. 

On Friday US bond yields soared, the USD strengthened and expectations for the size of the 2024 rate cuts were scaled back. Equities didn’t mind, with the US indices reaching new all-time highs. All of this was driven by a red-hot US January jobs report last Friday, following an already eventful week for financial markets on the back of some exciting earnings reports. Mensur Pocinci, Head of Technical Analysis, joins the show today to discuss the technical setup of the market and why equity markets continue to have all the characteristics of a bull market.00:00 Introduction by Helen Freer (Investment Writing)00:26 Markets wrap-up by Jan Bopp (Investment Writing)07:13 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)10:20 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. 

After falling on Wednesday on renewed concerns about the path of US interest rate cuts and the state of commercial property valuations, equities bounced back yesterday - Meta, Amazon and Apple all delivered solid earnings reports after the close of trading, sending equity market futures higher. Tim Gagie, Head of FX and PM Solutions in Geneva, shares his views on how investors can make the most of the current environment in the FX markets.00:00 Introduction by Helen Freer (Investment Writing)00:21 Markets wrap-up by Roman Canziani (Head of Investment Writing)07:02 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)11:04 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 your favourite podcast player. 

The Fed held interest rates steady yesterday but pushed back on the prospect of rate cuts in March. US equities took a hit on Wednesday after some of the biggest names failed to live up to high expectations, dragging European markets lower in the afternoon session. Softer price data out of Europe and concerns over a regional US bank led to a rally in bonds. Norbert Ruecker, Head of Macro & Next Generation Research, shares his latest insights on the oil market, and Ronny Kaufmann from our CIO Office talks about the ongoing earnings season.00:00 Introduction by Bernadette Anderko (Investment Writing)00:30 Markets wrap-up by Jan Bopp (Investment Writing)06:11 Commodity update by Norbert Rücker (Head of Economics and Next Generation Research)09:17 Latest from the Investment Committee by Ronny Kaufmann (CIO Strategy & Investment Analysis)14:30 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. 

The latest GDP figures from the eurozone boosted equities in the region yesterday. Meanwhile, the US reported a robust labour market and strong consumer confidence ahead of today’s interest rate decision, both of which suggest that the US economy remains in good health. In China, manufacturing activity remained in contraction mode while services activity continued to expand. China is also reportedly planning to merge hundreds of rural banks into regional giants. Dario Messi, from Fixed Income Research, joins today’s show to outline our view on TIPS and Mathieu Racheter, Head of Equity Strategy, updates us on the Q4 earnings season.00:00 Introduction by Bernadette Anderko (Investment Writing)00:37 Markets wrap-up by Lucija Caculovic (Investment Writing)06:49 Now is not the time for TIPS by Dario Messi (Fixed Income Strategy)12:05 Earnings Season update by Mathieu Racheter (Head of Equity Strategy)15:41 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. 

The S&P 500 recorded a fresh record high yesterday ahead of key economic reports and central bank action this week, which could prove pivotal for markets in 2024. We speak to our Head of Research in Hong Kong, Richard Tang, who shares his views on the health of China’s real estate sector and the impact for the broader Chinese and Hong Kong markets. Manuel Villegas, Next Generation Research, joins us to discuss the key drivers behind the selloff in Bitcoin in recent weeks.00:00 Introduction by Bernadette Anderko (Investment Writing)00:24 Markets wrap-up by Jonti Warris (Investment Writing)07:44 Evergrande liquidation impact by Richard Tang (Head of Research, Hong Kong)12:17 Digital assets update by Manuel Villegas (Next Generation Research)16:05 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. 

LVMH and Richemont earnings reports drove luxury stocks higher last week, with Eurozone equities outperforming. US equities underperformed, but still reached an all-time high. This week will be all about the Fed, but also the Bank of England’s interest rate decision. Alphabet, Apple, Amazon, Microsoft and Meta (five of the Magnificent 7) will also likely drive markets as they report earnings. Geopolitical tensions will be in focus after the first US troops were killed in the Middle East since hostilities between Israel and Hamas began. Mensur Pocinci, Head of Technical Analysis, notes that the path of least resistance in the markets is for bond yields to fall and (US growth) equities to rise.00:00 Introduction by Lucija Caculovic (Investment Writing)00:27 Markets wrap-up by Mike Rauber (Investment Writing)06:18 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)09:19 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 your favourite podcast player. 

Equities kept their positive momentum yesterday, with the S&P 500 closing at another record high and yields falling across the entire yield curve amid softer US price data and a more dovish than expected ECB. Tim Gagie, Head of FX & PM Solutions Geneva, shares his thoughts on what this means for FX markets and suggests taking advantage of increased volatility, while Nenad Dinic from our Equity Strategists team gives us an update on the Q4 earnings season and why he still prefers US over European equities.00:00 Introduction by Lucija Caculovic (Investment Writing)00:42 Markets wrap-up by Jan Bopp (Investment Writing)06:46 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)11:38 Earnings season update by Nenad Dinic (Equity Strategy)15:19 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 your favourite podcast player. 

Large-cap US tech stocks rallied yesterday, with Microsoft closing just shy of a USD 3 trillion market cap, while most other sectors were lower as yields on 30-year US Treasuries rose to their highest this year. Germany's DAX index closed at an all-time high following strong gains in SAP and some better-than-expected German manufacturing data. The rally in Chinese equities continued for a second day. Today's focus will be on central banks, including the ECB, and earnings from heavyweights such as LVMH. Carsten Menke, Head of Next Generation Research, discusses the outlook for the Future Mobility and Circular Economy investment themes.00:00 Introduction by Helen Freer (Investment Writing)00:30 Markets wrap-up by Mike Rauber (Investment Writing)06:31 Future Mobility and Circular Economy by Carsten Menke (Head of Next Generation Research)11:42 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. 

As equity markets in Europe struggle for direction, US stocks advanced, with the S&P 500 reaching a fresh all-time closing high. In politics, Donald Trump defeated Nikki Haley to win the key New Hampshire primary, in what pundits are claiming is now a done deal for Trump moving ahead. And Dario Messi, Fixed Income Strategy, shares with us his views on European government bonds ahead of the ECB’s policy meeting tomorrow.00:00 Introduction by Bernadette Anderko (Investment Writing)00:40 Markets wrap-up by Jonti Warris (Investment Writing)07:23 European government bonds by Dario Messi (Fixed Income Strategy)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. 

In the US, both the Dow Jones Industrial Average and the S&P 500 hit new all-time highs yesterday, suggesting that Wall Street is indeed in a bull run. Meanwhile, in Asia, the Bank of Japan kept its monetary policy unchanged and Chinese authorities are reportedly planning fresh stimulus measures to help ailing stock markets both onshore and offshore. In Europe, Italy’s yield premium over Germany narrowed to its smallest in almost two years. Manuel Villegas from Next Generation Research joins the show today to discuss the implications of the US Securities and Exchange Commission’s approval of Bitcoin ETFs.00:00 Introduction by Bernadette Anderko (Investment Writing)00:21 Markets wrap-up by Lucija Caculovic (Investment Writing)07:12 Digital assets update by Manuel Villegas (Next Generation Research)10:46 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. 

The S&P 500 closed at an all-time high last week, but European stocks ended the week lower. This morning the Nikkei 225 is up more than 1.6% but China’s stocks are in the red. Investors now anticipate European Central Bank policy decisions and two major US data reports at the end of this week. Mensur Pocinci, Head of Technical Analysis, reveals what the charts are saying about the current market situation and Richard Tang, Head of Research Hong Kong, provides insights into the Chinese equity doldrums.00:00 Introduction by Mike Rauber (Investment Writing)00:37 Markets wrap-up by Bernadette Anderko (Investment Writing)05:39 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)09:44 China markets by Richard Tang (Head of Research Hong Kong)14:45 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. 

The world’s largest technology companies are leading stocks higher around the globe, with the Nasdaq 100 reaching an all-time high yesterday. Treasuries spiked inthe immediate aftermath of yesterday’s jobs report, but the move quickly lost steam. Meanwhile, Italy looks set to proceed with its privatisation push, which could see the country sell EUR 20 billion worth of its stakes in state-owned companies by 2026. InAsia, Japan’s inflation numbers for December came in at the lowest level since June 2022. Tim Gagie, Head of FX & PM Solutions Geneva, shares his thoughts on what’s happening in the FX markets and Adrienne Jaersvall, Head of Funds Advisory, talks about alternative investments.00:00 Introduction by Helen Freer (Investment Writing)00:38 Markets wrap-up by Lucija Caculovic (Investment Writing)06:01 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)11:29 Market Outlook 2024 – Alternative investments by Adrienne Jaersvall (Head of Funds Advisory)16:16 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. 

Stocks around the globe fell for a third day and bond yields rose, as traders trimmed their bets on rate cuts by the Fed after stronger-than-expected US retail sales data. Fed swaps are now showing the probability of a rate cut in March at just 58%, versus 90% for May. Carsten Menke, Head of Next Generation Research, gives an update on industrial metals and the Chinese economy. And Nicolas Jordan, CIO Strategy and Investment Analysis, talks to us about external shocks in markets and the outlook for the global economy.00:00 Introduction by Helen Freer (Investment Writing)00:33 Markets wrap-up by Jonti Warris (Investment Writing)06:15 China/Iron ore by Carsten Menke (Head of Next Generation Research)10:32 Latest news from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)13:05 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. 

The market’s positioning for aggressive cuts in the US and Europe is being tested this week by several central bank officials. All of this is pushing US and European bond yields higher and continuing to weigh on equity markets. In Asia, a stock selloff deepened after fresh data redoubled concerns about China’s economy. Dario Messi from Fixed Income Research joins today’s show to shed some light on what to expect from bonds this year, and Mathieu Racheter, Head of Equity Strategy, gives us more insight into the ongoing earnings season.00:00 Introduction by Bernadette Anderko (Investment Writing)01:05 Markets wrap-up by Jan Bopp (Investment Writing)07:28 Market Outlook 2024 - fixed income calls by Dario Messi (Fixed Income Strategy)11:22 Earnings Season update by Mathieu Racheter (Head of Equity Strategy)14:59 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 your favourite podcast player. 

US markets were shut for Martin Luther King Day yesterday, but polling booths in frozen Iowa were open for Republicans who voted overwhelmingly for Donald Trump as their next presidential nominee. Also yesterday, the World Economic Forum in Davos kicked off, with the ECB’s Robert Holzmann stealing most of the headlines as he sent European stock prices down and bond prices up with his comments that there might be no scope for rate cuts in the Eurozone in 2024. Hannah Wise, Head of Investment Communication, provides a sneak peek into the forthcoming Market Outlook 2024 Webcast taking place at 10:00 CET on the 18th January, whilst Manuel Villegas rejoins the show from Next Generation Research with the latest news on digital assets.00:00 Introduction by Helen Freer (Investment Writing)00:38 Markets wrap-up by Bernadette Anderko (Investment Writing)06:47 Market Outlook 2024 Webcast 18th January by Hannah Wise (Head of Investment Communication)10:15 Digital assets update by Manuel Villegas (Next Generation Research)15:28 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 rallied last week on growing expectations of lower interest rates and Microsoft became the largest company by market capitalisation. The earnings season kicked off in earnest on Friday with the major banks including JPMorgan reporting, and this will be followed by Morgan Stanley and Goldman Sachs announcing results on Tuesday. The Republican nomination process for the US presidency begins tonight with the Iowa caucuses, where the former President Trump is seen as the clear frontrunner. Chinese equities are only marginally lower as China's central bank did not cut a key interest rate, while Baidu is sharply down as the risk of sanctions on the company has increased. Mensur Pocinci, Head of Technical Analysis Research, points out that the uptrend in (US) equities remains intact, as does the downtrend in bond yields.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Mike Rauber (Investment Writing)07:01 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)09:50 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 CPI data, revealing that headline prices increased more than expected in December while core inflation fell, disappointed equity markets on Thursday.  A US/UK airstrike on Houthi rebels in Yemen added to inflationary concerns although it did provide a boost to oil prices. Markets are now turning their attention to the US earnings season. Tim Gagie, Head of FX & PM Solutions Geneva, and Mathieu Racheter, Head of Equity Strategy, provide timely updates on what’s hot and what’s not in the FX and equity markets as we start the year.00:00 Introduction by Helen Freer (Investment Writing)00:33 Markets wrap-up by Bernadette Anderko (Investment Writing)06:30 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)12:24 Market Outlook 2024 – Equities by Mathieu Racheter (Head of Equity Strategy)16:06 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 your favourite podcast player. 

Today’s main focus will be the first trading day of the newly approved US spot Bitcoin ETFs and the market’s reaction to the release of US inflation figures. Asian shares are seeing their best day since the start of the year on USD weakness, and the EUR is higher as ECB officials caution against interest rate cuts. Carsten Menke, Head of Next Generation Research, notes that the muted price reaction to the SEC’s approval of the spot Bitcoin ETFs is probably a positive sign. Nicolas Jordan, from the CIO Office, highlights that a more optimistic investor consensus compared with the start of last year means that market fragility has increased in the short term.00:00 Introduction by Helen Freer (Investment Writing)00:33 Markets wrap-up by Mike Rauber (Investment Writing)06:41 Bitcoin ETF approval by Carsten Menke (Head of Next Generation Research)11:24 Latest news from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)14:42 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. 

As global equities continue to struggle, Japanese equities are hitting highs last seen in 1990. US Treasury yields are higher ahead of tomorrow’s US inflation data while investors continue to look for clues as to the state of the US economy and the direction of interest rates. Bitcoin had a volatile evening yesterday following a false report that the US Securities and Exchange Commission had approved a spot Bitcoin ETF. Dario Messi from Fixed Income Research joins today’s show to shed some light on the US fiscal budget and bond issuance, and Mathieu Racheter, Head of Equity Strategy, tells us what to expect from the earnings season that’s just around the corner.00:00 Introduction by Bernadette Anderko (Investment Writing)00:24 Markets wrap-up by Lucija Caculovic (Investment Writing)05:38 Bond marker update by Dario Messi (Fixed Income Strategy)10:20 Earnings Season Preview by Mathieu Racheter (Head of Equity Strategy)13:25 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.

While a string of economic data prints out of Germany disappoint, big tech made a comeback yesterday, with the Nasdaq Composite posting its best daily return since November. After Swiss inflation remained stable in December, the Swiss franc shows renewed strength and the SMI is one of the few European indices in positive territory year to date. And Mark Matthews, Head of Research Asia, talks to us about the health of the Japanese equity market and why he sees India as a rose among the thorns. 00:00 Introduction by Helen Freer (Investment Writing)00:34 Markets wrap-up by Jonti Warris (Investment Writing)06:36 Asia update: India, China and Japan by Mark Matthews (Head of Research Asia)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 your favourite podcast player. 

A string of hawkish comments, a rise in inflation rates in Europe and a strong US employment report last week had market participants worried that interest rates were set to stay higher for longer than they had hoped, putting stocks and bonds on course for one of the worst starts to the year in a decade. In China, investors are faced with the shadow banking giant Zhongzhi filing for bankruptcy, marking one of China’s biggest-ever corporate collapses. Mensur Pocinci, Head of Technical Analysis, joins the show today to discuss the technical setup of the market and why you shouldn’t pay too much attention to the first week of equity market performance when it comes to its implications for the rest of the year.00:00 Introduction by Helen Freer (Investment Writing)00:27 Markets wrap-up by Jan Bopp (Investment Writing)07:20 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)11:32 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. 

Equities around the world continue to struggle, with US equities set to end the week lower, snapping a nine-week winning streak. This comes as traders increasingly reduce their bets on how quickly and how deeply central banks will cut interest rates. In Asia, investors are speculating that the Bank of Japan will find it difficult to scrap its negative interest rates at a time when the country needs monetary support following the tragic events there. Meanwhile, oil rose overnight despite yesterday's data showing an oversupply in the US. Dario Messi from Fixed Income Research joins the show today to provide further insights into the bond market.00:00 Introduction by Helen Freer (Investment Writing)00:30 Markets wrap-up by Lucija Caculovic (Investment Writing)05:46 Fixed income market update by Dario Messi (Fixed Income Strategist)09:25 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player. 

Equity markets continued to slide yesterday, with most markets posting negative performance for the day. Economic data pointing to some weakness in the US and China, as well as the minutes of the Federal Reserve's December meeting, have been the main talking points over the last few hours. Meanwhile, oil is rising again this morning - Norbert Rücker, Head of Economics & Next Generation Research, shares his views on where the price of black gold is heading.00:00 Introduction by Helen Freer (Investment Writing)00:33 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:38 Energy update by Norbert Rücker (Head of Economics & Next Generation Research)10:11 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. 

As part of a special winter series featuring highlights from recent Julius Baer podcasts, today's show features a conversation on Beyond Markets between Gaetano Petrocelli, Head of Wealth Planning Insurance, and Grace Treston, Content Editor about what factors we should consider for good retirement planning.Our regular programme featuring daily market news returns on Thursday 4th January.00:00 Introduction by Helen Freer (Investment Writing)00:35 Good Retirement Planning by Gaetano Petrocelli (Head of Wealth Planning Insurance) and Grace Treston (Content Editor)05:26 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player. 

As part of a special winter series featuring highlights from recent Julius Baer podcasts, today's show features a conversation between Carsten Menke, Head of Next Generation Research, and Emily Rookwood, Head of Publications on the topic of food inflation and food security.Our regular programme featuring daily market news returns on Thursday 4th January.00:00 Introduction by Helen Freer (Investment Writing)00:41 Food inflation and food security by Carsten Menke (Head of Next Generation Research)12:33 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. 

As part of a special winter series featuring highlights from recent Julius Baer podcasts, today's show features a conversation about investing in Swiss assets between Helen Freer and Mathieu Racheter, Head of Equity Strategy, along with Dario Messi, a Fixed Income Strategist on Julius Baer’s Beyond Markets series. They talk about the strength of the labour market in Switzerland as well as the currency, the high-quality businesses, the safe-haven status of both the currency and the country, and much more.00:00 Introduction by Helen Freer (Investment Writing)00:45 Investing in Swiss Assets by Mathieu Racheter (Head of Equity Strategy) and Dario Messi (Fixed Income Strategist)08:16 Closing remarks by Helen Freer (Investment Writing)Our regular programme featuring daily market news returns on Thursday 4th January.Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player. 

As part of a special winter series featuring highlights from recent Julius Baer podcasts, today's show features a recent conversation about the Chinese market between Hong Hao, Partner and Chief Economist at GROW Investment Group, and China Strategist Richard Tang (Head of Research Hong Kong). Together, they discuss China’s exports and property market. Our regular programme featuring daily market news returns on Thursday 4th January.00:00 Introduction by Helen Freer (Investment Writing)00:38 China's Economy by Hong Hao (Partner and Chief Economist at GROW Investment Group)08:22 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.

As part of a special winter series featuring highlights from recent Julius Baer podcasts, today's show features a recent conversation on biotechnology between healthcare analyst Fabian Wenner and equity specialist Yaw Shin Wong on the Julius Baer Beyond Markets podcast. Together they talk about the fundamentals of this segment of healthcare, mRNA technology and the number of acquisitions taking place.Our regular programme featuring daily market news returns on Thursday 4th January.00:00 Introduction by Helen Freer (Investment Writing)00:41  Biotechnology by Fabian Wenner (Healthcare Analyst) and Yaw Shin Wong (Equity Specialist Asia)05:57 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 recovered from Wednesday’s sell-off and are now on track for a Santa Claus rally, which refers to the last five trading days of the year. However, the positive mood could be spoilt by two things: the PCE deflator figures due later today, which will provide a fresh indication of where US inflation is heading, and concerns in China as the country cracks down on the mobile gaming industry. In commodities, Angola’s decision to leave OPEC has raised some questions about how effective the organisation really is, but oil is currently well supported by tensions in the Red Sea. Cyril Demaria-Bengochea, Head of Private Markets Strategy, joins the show today to discuss the impact of higher interest rates on private markets.00:00 Introduction by Helen Freer (Investment Writing)00:33 Markets wrap-up by Lucija Caculovic (Investment Writing)07:10 What higher interest rates mean for private markets by Cyril Demaria-Bengochea (Head of Private Markets Strategy)13:44 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 your favourite podcast player. 

Yields in Europe have come under significant pressure as inflation has collapsed across the board, with the German 10-year benchmark yield now back below 2%. Meanwhile, the relentless rally in equity markets over the past few weeks took a pause yesterday, with traders apparently taking some chips off the table ahead of the long weekend. Carsten Menke, Head of Next Generation Research, talks about our commodities outlook for 2024 and Nicolas Jordan, CIO Strategy & Investment Analysis, shares the latest thoughts from the CIO Office.00:00 Introduction by Helen Freer (Investment Writing)00:53 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:49 Commodities Market Outlook 2024 by Carsten Menke (Head of Next Generation Research)12:44 Latest news from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)15:58 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 your favourite podcast player. 

US equities continued to rally yesterday on encouraging economic data prints and Fed officials’ comments, furthering strengthening the narrative for a soft-landing in the US economy. In the UK, core and headline inflation data came in lower than estimated, with the pound sterling falling on the news. And as fixed income markets reflect a growing consensus that central banks have reached the peak of their rate-hiking cycles, Dario Messi, Fixed Income Strategy, shares his latest insights into bond markets.00:00 Introduction by Bernadette Anderko (Investment Writing)00:35 Markets wrap-up by Jonti Warris (Investment Writing)06:16 Bond market update by Dario Messi (Fixed Income Strategy)11:19 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. 

Central bank officials continue to push back on aggressive rate cut expectations. While US equity markets are still powering ahead, Europe is looking for direction. Our Chief Economist, David Kohl, talks about the latest central bank decisions and what it means for markets in 2024. And Tim Gagie, Head of FX & PM Solutions Geneva, has a special Christmas gift for us.00:00 Introduction by Helen Freer (Investment Writing)00:34 Markets wrap-up by Jan Bopp (Investment Writing)07:19 Latest central bank meetings and interest rate outlook by David Kohl (Chief Economist)13:46 Review of FX markets in 2023 by Tim Gagie (Head of FX & PM Solutions Geneva)16:19 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.

European and US equities closed last week higher and a few new record highs were reached following a series of central bank decisions to leave rates unchanged. A few Fed speakers then stepped in to curb traders’ enthusiasm over likely rate cuts, causing Asian equites (Korea aside) to stall this morning. US futures however point to a steady day ahead. Mensur Pocinci, Head of Technical Analysis, explains why he believes that the rally still has legs, and he adds the technical reasons to invest in Indian equities to our fundamental call.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Bernadette Anderko (Investment Writing)06:13 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)08:35 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. 

After starting the trading day on a strong footing, European markets petered out during the day but still ended in positive territory. European central banks refrain from declaring victory over inflation and stick to their tight monetary policy. Tim Gagie, Head of FX & PM Solutions Geneva, shares his thoughts on what this means for currencies and metals.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Roman Canziani (Head of Investment Writing)07:00 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)12:26 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player. 

After the US Federal Reserve yesterday left interest rates unchanged as expected and signalled interest-rate cuts next year, global stocks gained for a sixth straight session and US Treasury yields plummeted. Today it’s the turn of the European Central Bank, the Bank of England and the Swiss National Bank to announce their latest rate decisions, with expectations for a hold in rates across the board. Norbert Rücker, Head of Economics & Next Generation Research, shares with us his key takeaways from COP 28 and his current views on the energy transition.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Jonti Warris (Investment Writing)05:46 COP 28 by Norbert Rücker (Head of Economics & Next Generation Research)10:36 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 your favourite podcast player.

Although US consumer price inflation figures came in slightly higher than expected, equities continued their Santa Claus rally, with the S&P500 Index now trading at highs not seen since January 2022. Dario Messi, Fixed Income Research, talks about this week's key central bank meetings and his expectations for their interest rate decisions.00:00 Introduction by Bernadette Anderko (Investment Writing)00:21 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:26 Bond market update/Central bank preview by Dario Messi (Fixed Income Strategy)11:30 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.

Trading has started this week on a subdued note as investors await the US Consumer Price Index figures later today, which will test the market’s optimism for interest rate cuts in 2024. Meanwhile, in Asia, China’s Central Economic Work Conference is expected to conclude today and could shed light on how the country plans to support economic growth. In commodities, copper is making headlines as the metal’s supply could tighten due to political and social opposition, and the difficulty of developing new operations. Manuel Villegas from Next Generation Research is also on the show today to discuss the key developments in digital assets in 2023.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Lucija Caculovic (Investment Writing)06:25 Digital assets update by Manuel Villegas (Next Generation Research)10:11 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.

The world's major central banks meet this week. Apart from Brazil, no rate changes are expected. The focus will therefore be on their forward-looking communication. Germany's DAX index hit a new all-time high on Friday, while better-than-expected US non-farm payroll figures boosted the S&P 500 index. In Asia, China's consumer prices fell by the most in three years in November and the JPY remains in focus after a dramatic spike on Friday. Bitcoin is giving back some of its gains this Monday morning after this year's spike. Mensur Pocinci, Head of Technical Analysis Research, notes that it is a good sign for equities that this year's laggards (European and small caps) are catching up quickly.00:00 Introduction by Helen Freer (Investment Writing)00:31 Markets wrap-up by Mike Rauber (Investment Writing)07:28 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)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 your favourite podcast player. 

On a day when we await non-farm payrolls data, ahead of a central bank heavy week, one might have expected muted markets. Instead, the three main US indices broke their three-day losing streak as artificial intelligence (AI) announcements drove equities higher. And India’s election results, combined with their central bank’s decision to keep rates unchanged, boosted their stock markets to record highs. The yen surged more than 1% and Tim Gagie, Head of FX & PM Solutions Geneva, talks us through all of the associated market reactions, and highlights his calls ahead of those central bank meetings next week.00:00 Introduction by Lucija Caculovic (Investment Writing)00:28 Markets wrap-up by Bernadette Anderko (Investment Writing)06:07 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)11:46 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 your favourite podcast player.

A string of labour-focused data releases in the US has the potential to move markets at the end of this week. Meanwhile in Europe, traders are increasing their bets on monetary policy easing from the European Central Bank and are now pricing in six quarter-point rate cuts in 2024. In Asia, Chinese imports and the auction of a 30-year Japanese government bond both disappointed. In commodities, oil stabilised after several days of declines and US gasoline prices hit their lowest level since 3 January 2023. Carsten Menke, Head of Next Generation Research, joins today’s show to explain what’s going on in the gold market.00:00 Introduction by Helen Freer (Investment Writing)00:28 Markets wrap-up by Lucija Caculovic (Investment Writing)05:40 Gold update by Carsten Menke (Head of Next Generation Research)09:25 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player. 

Germany's Dax index, arguably the most cyclical market in Europe, closed at a record high after Isabel Schnabel, a prominent official at the European Central Bank, said the slowdown in inflation was ‘remarkable’. Dario Messi, Fixed Income Research, says that the bond rally may have gone a little too far for now, but there is still plenty of value to be found.00:00 Introduction by Bernadette Anderko (Investment Writing)00:21 Markets wrap-up by Roman Canziani (Head of Investment Writing)06:14 Bond market update by Dario Messi (Fixed Income Strategy)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 your favourite podcast player. 

US stock markets slipped yesterday after US factory orders fell by more than expected in October adding to signs that the US economy looks set to slow in the fourth quarter. The latest core inflation data out of Tokyo slowed from the previous month in an encouraging sign that cost pressure in Japan is easing. Manuel Villegas, Next Generation Research, talks about the latest Bitcoin rally and whether it looks sustainable.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Jonti Warris (Investment Writing)05:28 Digital assets update by Manuel Villegas (Next Generation Research)09:04 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 your favourite podcast player.

US equities rallied and bond yields fell sharply on Friday after comments from Fed Chairman Jerome Powell raised market bets that interest rates will be cut next year sooner than markets had previously discounted. Gold rose to an all-time high in Asian trading today, at one point reaching USD 2,135 an ounce. Bitcoin rose above USD 41,500 on the prospect of lower interest rates and the approval of a spot Bitcoin ETF. Roche buys Carmot Therapeutics to enter the obesity treatment market. And at COP 28, more than 20 countries pledged to triple nuclear power by 2050. Mensur Pocinci, Head of Technical Analysis Research, notes that the decline in bond yields could be much faster than most expect.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Mike Rauber (Investment Writing)05:55 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research08:47 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 your favourite podcast player. 

Equities and bonds rallied in November on the back of softer inflation data and inflation expectations. This was confirmed by yesterday's data releases from the US and the eurozone, with the latter reporting year-on-year inflation of just 2.4% in November, close to the ECB's 2.0% target. Oil moved lower on an uninspiring OPEC+ decision to cut output and a report showing record US production in September 2023. Chinese equities are off their lows on rumours that state-owned companies have been buying local ETFs. The Israel-Hamas ceasefire appears to have ended but markets have remained calm. All eyes are on today's fireside chat with Federal Reserve Chairman Jerome Powell. Tim Gagie, Head of FX & PM Solutions Geneva, notes that you can have all the protection you want in a portfolio but it does not do you any good if you never take any profits. 00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Mike Rauber (Investment Writing)06:28 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)12:22 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 stocks are on course for their best month in three years, as bond yields continue to tumble on speculation that the US Federal Reserve is done tightening and will start cutting rates next year. This has led to the US dollar falling further against its peers, with the greenback set for its worst month in a year. Norbert Rücker, Head of Economics & Next Generation Research, talks to us about the outlook for the oil market and why he thinks the European energy crisis is behind us. And we hear from Nicolas Jordan, CIO Strategy & Investment Analysis, on the outlook for the global economy and whether the year-end rally still has legs.00:00 Introduction by Helen Freer (Investment Writing)00:28 Markets wrap-up by Jonti Warris (Investment Writing)05:31 Update on energy markets by Norbert Rücker (Head of Economics & Next Generation Research)10:48 Latest news from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)13:50 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.