While financial markets’ overall ups and downs remain rather muted, there is a lot happening on a single company level with about 180 S&P companies reporting this week alone. Listen to what Leonardo Pellandini, Equity Strategist thinks about the current earnings season. And in addition, there is news about crypto regulation – Manuel Villegas from Next Generation Research shares his thoughts about it.00:14 Introduction by Bernadette Anderko (Investment Writing)00:30 Markets wrap-up by Roman Canziani (Head of Investment Writing)05:27 Earnings update by Leonardo Pellandini (Equity Strategy)09:30 Digital assets and regulation by Manuel Villegas (Next Generation research)13:38 Closing remarks by Bernadette Anderko (Investment Writing)

On the earnings front, Coca-Cola and First Republic Bank, which has been at the centre of a crisis of confidence in mid-sized US banks following the collapse of SVB, will be reporting today. The major US technology companies will start reporting tomorrow, as well as SMI heavyweights. And on Friday the Bank of Japan meets, and the US Federal Reserve releases its preferred inflation indicator, the core PCE. Mensur Pocinci, our Head of Technical Analysis, talks today about the major tailwinds supporting equities, but also the resistance levels worth watching.00:14 Introduction by Bernadette Anderko (Investment Writing)00:40 Markets wrap-up by Mike Rauber (Investment Writing)05:15 Technical outlook by Mensur Pocinci (Head of Technical Analysis)07:24 Closing remarks by Bernadette Anderko (Investment Writing)

US stocks fell and US Treasuries rallied after the release of disappointing economic reports and some weaker than expected earnings. March inflation figures from Japan were slightly higher than expected. Bence Boldvai, FX & PM Advisory, comments on the Yen and next week's Bank of Japan meeting, as well as other issues driving the currency markets at the moment.00:14 Introduction by Helen Freer (Investment Writing)00:35 Markets wrap-up by Mike Rauber (Investment Writing)05:21 FX update by Bence Boldvai (FX & PM Advisory)09:26 Closing remarks by Helen Freer (Investment Writing)

With calm returning to financial markets, investors’ attention turned to corporate earnings. L’Oréal and Morgan Stanley came in ahead of expectations, while Tesla missed expectations, as it plans to further drop the price of its vehicles. Carsten Menke, Head of Next Generation Research, provides an update on industrial metals, and Nicolas Jordan, CIO Strategy & Investment Analysis, gives us an update on the latest thoughts from our CIO.00:14 Introduction by Helen Freer (Investment Writing)00:47 Markets wrap-up by Jonti Warris (Investment Writing)05:46 Industrial metals update by Carsten Menke (Head of Next Generation Research)08:58 Our CIO’s latest thoughts by Nicolas Jordan (CIO Strategy & Investment Analysis)11:51 Closing remarks by Helen Freer (Investment Writing)

The S&P 500 was flat on the day yesterday as there was a mixed bag of earnings. Although the VIX index, a fear gauge for US equities, dropped to its lowest level since the start of the year, a Bank of America survey nevertheless showed that global fund managers have their equity allocations at their lowest versus bonds since the Great Financial Crisis. Mathieu Racheter, Head of Equity Strategy, talks about the key take-aways form the earnings releases of large US banks as well as what to focus on as the earnings season continues.00:14 Introduction by Bernadette Anderko (Investment Writing)00:28 Markets wrap-up by Mike Rauber (Investment Writing)05:28 US earnings seasons expectations and review of bank earnings10:33 Closing remarks by Bernadette Anderko (Investment Writing)

Stock markets keep on climbing the wall of worry, with investors seemingly less concerned than equity strategists, as highlighted by major volatility indices printing new lows. Higher yields are probably one of the reasons for the rebound of the US dollar over the last two business days. Find out in today’s show where the currency is heading next, according to our Head of Technical Analysis, Mensur Pocinci.00:14 Introduction by Bernadette Anderko (Investment Writing)00:35 Markets wrap-up by Roman Canziani (Head of Investment Writing)05:09 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)08:22 Closing remarks by Bernadette Anderko (Investment Writing)

Economic data showing some easing on the inflation front has lifted equity markets around the world, but investors are now turning their attention to the earnings season, with some of the big US banks reporting today. In the bond markets, US interest rates have begun a consolidation process that could extend through to next week and into the pre-FOMC period of silence. David Kohl, Chief Economist, and Manuel Villegas, Next Generation Research Analyst, join today’s show to share their views on the latest US inflation data and digital assets.00:14 Introduction by Helen Freer (Investment Writing)00:39 Markets wrap-up by Lucija Caculovic (Investment Writing)05:03 Comments on US CPI and PPI data by David Kohl (Chief Economist)09:47 Digital assets update by Manuel Villegas (Next Generation Research Analyst)14:51 Closing remarks by Helen Freer (Investment Writing)

Softening US inflation suggests the US Federal Reserve is likely to raise interest rates by a further 25 basis points at its next meeting in May, although its rate hike cycle may be nearing the end. Mathieu Racheter, Head of Equity Strategy Research, explains why we are now upgrading the global communications sector to Overweight, and Nicolas Jordan, CIO Strategy & Investment Analysis, gives us an update on the latest thoughts from our Chief Investment Office.00:14 Introduction by Helen Freer (Investment Writing)01:15 Markets wrap-up by Jonti Warris (Investment Writing)06:04 Global communications sector upgrade by Mathieu Racheter (Head of Equity Strategy Research)09:06 Our CIO’s latest thoughts by Nicolas Jordan (CIO Strategy & Investment Analysis)11:15 Closing remarks by Helen Freer (Investment Writing)

While Tech shares remained under pressure, closing down for the 5th time in 6 days yesterday, the rest of the market traded rangebound ahead of today’s main data point, the US inflation report for March. Dario Messi from Fixed Income Research shares his thoughts on expected US inflation data and Tim Gagie, Head of FX & PM solutions talks about his thoughts on the latest ups and downs in the currency and metals markets.00:14 Introduction by Bernadette Anderko (Investment Writing)00:37 Markets wrap-up by Roman Canziani (Investment Writing)05:24 Bond markets and likely impact of forthcoming inflation releases by Dario Messi (Fixed Income research)09:38 FX markets this week by Tim Gagie (Head of FX & PM Solutions Geneva)14:17 Closing remarks by Bernadette Anderko (Investment Writing)

Non-farm payroll data out of the US on Friday saw hiring growth moderating and wage rises easing. In China, data published today revealed muted inflation as the consumer price index rose just 0.7% year on year in March, weaker than the 1% forecast. Investors are now watching out for US CPI figures (Wednesday) and PPI data (Thursday) for signs of whether or not the Fed is about to pause or even end its hiking cycle. Mensur Pocinci, Head of Technical Analysis, provides his latest thoughts from a technical perspective.00:14 Introduction by Helen Freer (Investment Writing)00:47 Markets wrap-up by Bernadette Anderko (Investment Writing)05:24 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)07:58 Closing remarks by Helen Freer (Investment Writing)

Stock markets are torn between the rising recession risks and expectations that yields will fall - defensive sectors have outperformed over the last few hours and US Treasury bonds have continued their impressive rally. Carsten Menke, our Head of Next Generation Research, shares his views on the surprise OPEC+ oil output cut, and Nicolas Jordan from our CIO Office talks about how to tackle the current investment environment.00:14 Introduction by Helen Freer (Investment Writing)00:43 Markets wrap-up by Roman Canziani (Head of Investment Writing)05:15 What OPEC+ cuts mean for the oil market by Carsten Menke (Head of Next Generation Research)08:48 CIO update by Nicolas Jordan (CIO Strategy and Investment Analysis)11:58 Closing remarks by Helen Freer (Investment Writing)

US stocks snapped a four-day winning streak yesterday as concerns about the banking sector and the broader economic outlook persist. In addition, comments from Federal Reserve officials about higher interest rates for longer are further dampening sentiment at a time when Treasuries are coming off one of their most volatile quarters ever. Markus Allenspach, Head of Fixed Income Research, joins today’s episode to outline his views on fixed income 00:14 Introduction by Bernadette Anderko (Investment Writing)00:35 Markets wrap-up by Lucija Caculovic (Investment Writing)04:14 Bonds and the risk of a credit crunch by Markus Allenspach (Head of Fixed Income Research)9:36 Closing remarks by Bernadette Anderko (Investment Writing)

US equities finished mixed in trading yesterday, as investors weighed the weaker-than-expected ISM manufacturing data against inflation concerns following OPEC+’s plan to cut oil output. Australian equities extend gains for a seventh straight day, following the Reserve Bank of Australia’s decision to leave interest rates unchanged at 3.6%. Our Chief Economist David Kohl provides us with the latest on Eurozone inflation and credit growth and we have an update on digital assets from Manuel Villegas, Next Generation Research.00:14 Introduction by Helen Freer (Investment Writing)00:43 Markets wrap-up by Jonti Warris (Investment Writing)04:56 Eurozone inflation and credit growth by David Kohl (Chief Economist)09:22 Digital assets update by Manuel Villegas (Next Generation Research)12:55 Closing remarks by Helen Freer (Investment Writing)

OPEC+ announced an unexpected cut in oil production of more than a million barrels per day, breaking its promise to maintain supply stability and introducing a new risk to the global economy. In company news, after completing its takeover of Credit Suisse, UBS is expected to reduce its workforce by 20% to 30%; and Tesla has fallen short of Elon Musk's long-term goal of 50% annual growth despite record first-quarter deliveries. Mensur Pocinci, our Head of Technical Analysis, provides some insights into the this morning’s oil rally.00:14 Introduction by Helen Freer (Investment Writing)00:36 Markets wrap-up by Alexander Petersen (Investment Writing)04:21 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)06:41 Closing remarks by Helen Freer (Investment Writing)

US large-cap equities had another strong day, and the Biden administration wants to strengthen banking regulation. China’s non-manufacturing PMI data release points towards the country’s economic recovery gaining strength. Yet, for trading action today all eyes will be on the release of the Core US PCE Deflator, the US Federal Reserve’s preferred inflation measure, at 14:30 CET. Carsten Menke, Head of Next Generation Research, takes a closer look at gold after it has moved back towards USD 2,000 an ounce as of late.00:14 Introduction by Roman Canziani (Head of Investment Writing)00:34 Markets wrap-up by Mike Rauber (Investment Writing)05:24 Gold in the spotlight by Carsten Menke (Head of Next Generation Research)09:08 Closing remarks by Roman Canziani (Head of Investment Writing)

Global equities advanced yesterday, and investors are now turning their focus to tomorrow’s core PCE deflator data. The Bank of England has warned that the UK financial system urgently needs to be made more resilient. Nicolas Jordan from CIO & Strategy Analysis provides us with the latest from the Julius Baer Investment Committee. And we have an update from Tim Gagie, our Head of FX&PM Solutions in Geneva, on forex and precious metals00:14 Introduction by Mike Rauber (Investment Writing)00:39 Markets wrap-up by Jonti Warris (Investment Writing)04:21 News from the Investment Committee by Nicolas Jordan (CIO Strategy & Investment Analysis)07:23 FX & PM update by Tim Gagie (Head of FX & PM Solutions Geneva)11:15 Closing remarks by Mike Rauber (Investment Writing)

With nerves calmed, traders have started to reassess the odds of additional interest rate hikes in Europe and the US. Leonardo Pellandini, Equity Strategy Research, explains why he believes in a comeback for quality growth stocks, and Dario Messi, Fixed Income Research, highlights where fixed income investors can now find value.00:14 Introduction by Lucija Caculovic (Investment Writing)00:34 Markets wrap-up Roman Canziani (Head of Investment Writing)05:07 The comeback of quality growth by Leonardo Pellandini (Equity Strategy)07:50 Fixed income update by Dario Messi (Fixed Income Research)11:50 Closing remarks by Lucija Caculovic (Investment Writing)

With news of the prospect of further support from US authorities, there were signs of investors trying to move on from the regional banking crisis yesterday. The DJIA and the S&P 500 index both rose, although the Nasdaq Composite fell. Our Chief Economist, David Kohl, shares his thoughts on the economic outlook and the impact of the banking turmoil, and then Manuel Villegas, Next Generation Research analyst, provides an update on digital assets and the implications of tougher regulation in the crypto space.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)03:29 Monetary Policy transmission by David Kohl (Chief Economist)07:53 Digital assets by Manuel Villegas (Next Generation Research)12:16 Closing remarks by Helen Freer (Investment Writing)

Whilst US markets closed last week on a high, Asian markets were more circumspect overnight and sentiment in China was dented by declining industrial profits data. Although it has been announced that First Citizens Bank & Trust Co is buying Silicon Valley Bank’s deposits and loans, nervousness persists in the banking sector. In today's episode, our Head of Technical Analysis, Mensur Pocinci, urges investors not to bottom-fish and explains why he’s watching gold and equities right now.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:21 Technical update by Mensur Pocinci (Head of Technical Analysis)06:06 Closing remarks by Bernadette Anderko (Investment Writing)

Bank stocks have held down overall stock markets over the past hours as traders remain wary of further potentially disruptive news from the sector. Short-dated government bonds rallied after several central banks hiked rates yesterday. David Kohl, our Chief Economist, puts these moves into perspective and Tim Gagie, our Head of FX&PM Solutions in Geneva, summarises his thoughts on the week in FX and metals.00:14 Introduction by Mike Rauber (Investment Writing)00:44 Markets wrap-up by Roman Canziani (Head of Investment Writing)05:01 Central bank decision week by David Kohl (Chief Economist)10:01 FX Update by Tim Gagie (Head of FX & PM Solutions Geneva)14:56 Closing remarks by Mike Rauber (Investment Writing)

The US Federal Reserve increased interest rates for the ninth consecutive time and signalled that additional increases might be forthcoming, prompting equity markets to tank. Today, the Swiss National Bank and the Bank of England are likely to follow suit with increases in their respective policy rates, continuing their fight against sticky inflation. Damien Ng from Next Generation Research gives insights on Genomics and Nicolas Jordan from CIO Strategy & Investment Analysis shares the latest news from the Investment Committee.00:14 Introduction and markets wrap-up by Alex Petersen (Investment Writing)03:00 Genomics – bright prospects by Dr. Damien Ng (Next Generation Research)08:31 News from the Investment Committee by Nicolas Jordan (CIO Strategy & Investment Analysis)11:33 Closing remarks by Alex Petersen (Investment Writing)

US equities rose yesterday, supported by comments from US Treasury Secretary Janet Yellen that the US government would step in again if smaller banks suffered deposit runs. Investors are now firmly focused on today's Federal Reserve meeting and Jerome Powell's press conference - it will be interesting to see if the markets give the decisions a thumbs up or thumbs down. In today's episode, Dario Messi, Fixed Income Research, looks at the surprise write-down of Credit Suisse's AT1 bonds following the UBS takeover announcement.00:14 Introduction and markets wrap-up by Bernadette Anderko & Mike Rauber (Investment Writing)07:28 Bond market update with a focus on AT1 by Dario Messi (Fixed income research)11:29 Closing remarks by Bernadette Anderko (Investment Writing)

The Credit Suisse ‘solution’ seems to have calmed global equity markets – with the major indices trading up in yesterday’s/overnight sessions. Regulators outside of Switzerland have been keen to clarify that shareholder capital has to be written down before AT1 debt, following the upset that has been caused in bond markets by Credit Suisse’s AT1 bonds being written down to zero. David Meier joins the show to provide insights on upcoming SNB, Bank of England and US Fed rate decisions, and Manuel Villegas charts Bitcoin’s moves in the wake of the recent market activity.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)02:41 Fed, BoE and SNB meetings by David Alexander Meier (Senior Economist)07:52 Digital assets update by Manuel Villegas (Next Generation Research)10:55 Closing remarks by Bernadette Anderko (Investment Writing)

With the UBS take-over of Credit Suisse dominating all the headlines, both stock and credit markets are under pressure, the latter due to fears on deeply subordinated bond exposures, which the Swiss regulator called worthless in the case of Credit Suisse. Markus Wachter, from Technical Analysis, gives some guidance on where support and resistance levels are across the major market indices.00:14 Introduction and markets wrap-up by Mike Rauber (Investment Writing) and Roman Canziani (Head of Investment Writing)04:53 Technical update by Markus Wachter (Technical Analysis)07:24 Closing remarks by Mike Rauber (Investment Writing) 

News that the biggest banks in the US said they’ll deposit USD 30 billion with First Republic Bank seemed to boost investor confidence yesterday and equity markets rebounded. All the major indices in the US and Europe ended the day in the green. Also yesterday, the ECB raised interest rates by 50 basis points - our Chief Economist, David Kohl, shares his thoughts on this and his expectations on the pace of rate hikes going forward. Finally, Tim Gagie, Head of FX and PM Solutions Geneva, provides an update on currencies.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)04:15 Comments on ECB decision by David Kohl (Chief Economist)08:09 FX update by Tim Gagie (Head of FX & PM Solutions Geneva)12:40 Closing remarks by Helen Freer (Investment Writing)

Credit Suisse will borrow CHF 50 billion from the SNB and make a tender offer to buy back up to CHF 3 billion in Dollar and Euro-denominated debt. European Central Bank officials have a crucial decision to make today as they consider whether the market turmoil surrounding Credit Suisse is severe enough to derail a long-anticipated interest-rate hike. Jeremy Hunt's decision to inject more than GBP 20 billion into the UK economy may push the Bank of England to raise interest rates again. Mathieu Racheter, Head of Equity Strategy provides an update on European banks and Carsten Menke, Head of Next Generation Research shares his thoughts on the impact of the market turbulence on the gold and silver markets.00:14 Introduction and markets wrap-up by Alex Petersen (Investment Writing)02:46 Thoughts on European banks by Mathieu Racheter (Head of Equity Strategy Research)05:17 Impact of market turbulence on the gold and silver markets by Carsten Menke (Head of Next Generation Research)08:10 Closing remarks by Alex Petersen (Investment Writing)

US equity markets staged a rebound yesterday following the brutal selloff earlier this week, as traders see the worst of the US banking sector turmoil now behind us. UK Chancellor Jeremy Hunt will today unveil his first budget as the country battles a cost-of-living crisis and a stalling economy. And Dario Messi, Fixed Income Research Analyst, takes a closer look at what the recent market developments and the latest US inflation print mean for bond markets.00:14 Introduction and markets wrap-up by Jonti Warris (Investment Writing)04:09 Bond market update in the light of latest US CPI data and SVB by Dario Messi (Fixed Income Research)07:56 Closing remarks by Jonti Warris (Investment Writing)

The major US indices closed lower yesterday with the exception of tech which managed to close higher. Asia also traded lower overnight. Traders and investors are now eyeing other banks to see if they have similar issues to SVB, and also mulling whether or not the bank’s collapse might lead the US federal Reserve to change their monetary policy path. All eyes will be on US inflation data later today. Manuel Villegas (Next Generation Research) and Ronny Kaufmann (CIO Office) join the show to inform us how the SVB collapse impacts crypto assets and give us the view on the collapse from our CIO.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)04:04 Digital assets & SVB by Manuel Villegas (Next Generation Research)08:38 Thoughts on the SVB situation by Ronny Kaufmann (CIO Strategy & Investment Analysis)13:44 Closing remarks by Bernadette Anderko (Investment Writing)

US regulators stepped in over the weekend to ensure that customers of the collapsed bank will have access to their insured and uninsured deposits. This is calming markets after last week's losses, with the S&P 500 set to open sharply higher and investors reducing bets on central bank tightening. In today's episode, Mensur Pocinci, Head of Technical Analysis, looks at the level that the S&P 500 must hold to remain in an uptrend, which is 3,900. Roger Degen, Equities Research, provides more details on the US banking sector, noting that Silicon Valley Bank is not representative of the US banking sector as a whole.   00:14 Introduction and markets wrap-up by Mike Rauber (Investment Writing)04:22 Technical update by Mensur Pocinci (Head of Technical Analysis)06:41 US banks by Roger Degen (Equity Research)10:24 Closing remarks by Mike Rauber (Investment Writing)

Wall Street suffered a losing session yesterday, dragged down by financials and concerns that higher interest rates could leave banks exposed to loan losses due to borrower defaults. Meanwhile, remarks from Federal Reserve Chairman Jerome Powell continue to leave market participants pondering how much the US central bank might raise interest rates and what the consequences might be. Today's guests are David Kohl, Chief Economist, who comments on the Fed, and Tim Gagie, Head of FX & PM Solutions in Geneva, who shares his latest views on currencies.00:14 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)03:12 Comments after Powell’s testimony by David Kohl (Chief Economist)06:07 FX update by Tim Gagie (Head of FX & PM Solutions Geneva)08:15 Closing remarks by Lucija Caculovic (Investment Writing)

After suggesting on Tuesday that the US Federal Reserve might be prepared to increase the pace of interest rate hikes again, in his testimony the Fed Chair Jerome Powell softened his tone slightly yesterday and said that policymakers would wait for more data before making this month’s interest rate decision. With investors considering what his remarks mean in terms of the risk of a recession, there were lots of twists and turns but no huge gains or losses in markets yesterday. Carsten Menke, Head of Next Generation Research, shares his thoughts on what this all means for the gold and silver markets, and Ronny Kaufmann from the CIO Strategy & Investment Analysis team fills us in on the Investment Committee’s most recent thoughts and actions.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)03:52 Gold and silver update by Carsten Menke (Head of Next Generation Research)07:00 Investment Committee update by Ronny Kaufmann (CIO Strategy & Investment Analysis)11:30 Closing remarks by Helen Freer (Investment Writing)

Jerome Powell warned yesterday that the “the ultimate level of interest rates is likely to be higher than previously anticipated”, which set in motion a sell-off in stocks and bonds and saw the dollar stage a rally. Asia (ex Japan) followed suit with the added downward impetus of a more-modest-than-expected China growth target. Equity strategist Leonardo Pellandini joins the show to explain why healthcare stocks deserve their ‘Overweight’ rating.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:40 Overweight healthcare stocks by Leonardo Pellandini (Equity Strategy)07:00 Closing remarks by Bernadette Anderko (Investment Writing)

The rally on equity markets fizzled out towards the end of the trading day in the US as traders started squaring positions ahead of Federal Reserve Chair Jerome Powell’s US Senate testimony later today. David Kohl, our Chief Economist, explains why the path of least resistance for European inflation data is lower, despite the latest data continuously surprising to the upside, and Manuel Villegas from Next Generation Research shares his latest views on digital assets, namely layer 1 and layer 2 protocols.00:14 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)03:49 EU inflation data and impact on ECB policy by David Kohl (Chief Economist)07:48 Digital assets update by Manuel Villegas (Next Generation Research)11:13 Closing remarks by Roman Canziani (Head of Investment Writing)

The annual National People’s Congress in China got underway yesterday and China has set a cautious growth target of “around 5%” for this year. With expectations now that demand may be softer than had been expected, iron ore, copper and oil prices all fell on this news. Eyes will stay on Beijing this week but investors will also be watching out for several economic data releases, including US non-farm payrolls figures due on Friday, and interest rate decisions including the last from the Bank of Japan under the current governor Kuroda. 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)03:43 Markets from a technical view by Mensur Pocinci (Head of Technical Analysis)06:01 Closing remarks by Helen Freer (Investment Writing)

Interest rates could continue to rise in both the US and the eurozone. In the US, recent stronger-than-expected economic data has the potential to prompt Federal Reserve officials to raise interest rates more aggressively than previously anticipated. Meanwhile in Europe, a member of the European Central Bank's Governing Council said that market bets on interest rates reaching 4% may be correct if underlying price pressures remain high. In Asia, China is on the verge of its most significant political reshuffle in decades, favouring politicians with close ties to the president. Timothy Gagie, Head of FX & PM Solutions in Geneva, explains where he sees opportunities in the currency market, and Manuel Villegas from Next Generation Research provides the latest news on digital assets.00:14 Introduction and markets wrap-up by Alexander Petersen (Investment Writing)02:55 FX update by Timothy Gagie (Head of FX&PM Solutions Geneva)05:04 Digital asset update by Manuel Villegas (Next Generation Research)07:47 Closing remarks by Alexander Petersen (Investment Writing)

Stock and bond markets fell yesterday as investors adjusted their outlook on peak rates after data highlighted persistent inflationary pressures. Our Head of Next Generation Research, Carsten Menke, talks to us about the impact of China’s re-opening on the iron ore market. And Nicolas Jordan, CIO Strategy & Investment Analysis, gives us an update from Julius Baer’s Investment Committee.00:14 Introduction and markets wrap-up by Jonti Warris (Investment Writing)04:00 Iron Ore view downgraded to cautious by Carsten Menke (Head of Next Generation Research)07:09 Investment Committee update by Nicolas Jordan (CIO Strategy & Investment Analysis)10:07 Closing remarks by Jonti Warris (Investment Writing)

Strong economic data out of China sent positive waves through the markets - certainly a nice change after February’s losses. In today's episode, Dario Messi of Fixed Income Research gives his view on what our new growth and interest rate forecasts mean for fixed income investors. This episode ends with Richard Tang, our Head of Research in Hong Kong, who shares his thoughts on the upcoming National People's Congress in China.00:14 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)03:20 Fixed income strategy update by Dario Messi (Fixed Income Research)07:12 Upcoming National People’s Congress in China by Richard Tang (Head of Research Hong Kong)12:05 Closing remarks by Lucija Caculovic (Investment Writing)

After three weeks of losses, US equities staged a minor advance on Monday as better-than-expected US economic data releases fueled the higher-for-longer interest rate narrative. This is also helping to push the US dollar higher for the first time in four months, even as ECB officials are also stressing the need for higher interest rates. David Kohl, Chief Economist, adds more colour to the growth and inflation dynamics in the eurozone and the US, and explains why we now expect further rate hikes not only from the ECB but also from the US Federal Reserve.00:14 Introduction and markets wrap-up by Mike Rauber (Investment Writing)04:37 US and Eurozone growth outlook by David Kohl (Chief Economist)09:38 Closing remarks by Mike Rauber (Investment Writing)

In preparation for an expected announcement on a post-Brexit deal for Northern Ireland, UK Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen meet today for final negotiations. In other UK news, the International Energy Week returns to London for the first time since the pandemic. In Asia, government investigations into environmental violations could lead to the complete closure of China’s lithium production hub. Mensur Pocinci, Head of Technical Analysis, provides an update and talks about the fight between the bulls and the bears in the equity market.00:14 Introduction and markets wrap-up by Alexander Petersen (Investment Writing)02:46 Technical update by Mensur Pocinci (Head of Technical Analysis)04:57 Closing remarks by Alexander Petersen (Investment Writing)

On the one-year anniversary of Russia’s invasion of Ukraine, the US is planning to make an announcement today about “sweeping sanctions”, while China has made a proposal calling for a cease-fire. The major US markets ended the day in the green yesterday, with technology the biggest outperforming sector, and today investors will be watching for the US Personal Consumption Expenditures (PCE) data for January. Bence Boldvai, FX and PM Solutions Zurich, provides an update on currencies, and Nenad Dinic, Equity Strategy Research analyst, shares his thoughts on emerging market equities.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing) 03:23 FX update by Bence Boldvai (FX&PM Solutions Zurich)05:42 Emerging Market Equity strategy update by Nenad Dinic (Equity Strategy)09:31 Closing remarks by Helen Freer (Investment Writing)

The minutes from the Federal Open Market Committee’s February meeting show that ongoing interest rate increases are necessary to help stamp out inflation. The Fed’s resolve to keep rates higher for longer is weighing on investor sentiment. Dario Messi, Fixed Income Research, shares his insights on the European Commission’s proposed reforms of European fiscal rules.00:14 Introduction and markets wrap-up by Jonti Warris (Investment Writing)03:52 EU fiscal rule reform by Dario Messi (Fixed Income Research)07:38 Closing remarks by Jonti Warris (Investment Writing)

Concerns about higher interest rates and the state of the consumer continue to weigh on market sentiment. Meanwhile, on the political front, Russian President Vladimir Putin delivered his first state of the nation address in almost two years, which made for some headlines. Leonardo Pellandini, Equity Research Analyst, gives his view on whether investors should chase this year's stock market rally.00:14 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)03:15 Recent rally vs. fundamentals by Leonardo Pellandini (Equity Strategy) 06:04 Closing remarks by Lucija Caculovic (Investment Writing)

As Turkey faces yet another series of devastating earthquakes, geopolitics remain at the forefront of investors’ minds this week. US President Joe Biden made a surprise visit to Kiev yesterday, while UK Prime Minister Rishi Sunak is trying to win support for a post-Brexit deal. Meanwhile in China, the world’s biggest miner reported its lowest half-year profit since 2021, as the country’s economic slowdown hit demand for iron, copper and coal. Luca Menozzi from Next Generation Research provides insight into ChatGPT and the search engine market.00:14 Introduction and markets wrap-up by Alexander Petersen (Investment Writing)02:48 Digital Disruption: ChatGPT by Luca Menozzi (Next Generation Research)06:08 Closing remarks by Alexander Petersen (Investment Writing)

While US bond and equity markets will remain shut today, due to President’s Day, Asian markets have started the trading week on a strong note with the China reopening trade gaining steam again. Also, Europe’s equity markets are likely to trend further up, extending their recent outperformance. And it is far too early to write off the US stock market as Markus Wachter from our Technical Analysis team explains in today’s Moving Markets podcast.00:14 Introduction and markets wrap-up by Roman Canziani (Head of Investment Writing)03:22 Technical update by Markus Wachter (Technical Analysis)05:53 Closing remarks by Roman Canziani (Head of Investment Writing)

Market sentiment has soured after two Federal Reserve officials said they may favour bigger interest rate hikes to combat persistently high inflation. Investors subsequently raised their expectations of how far the Fed will raise rates, dragging down markets around the world. Carsten Menke, Head of Next Generation Research, provides an update on the regulation of digital assets.00:14 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing)03:58 Digital assets - regulation by Carsten Menke (Head of Next Generation Research)07:59 Closing remarks by Lucija Caculovic (Investment Writing)

A higher-than-expected January retail sales number in the US yesterday did nothing to spur the stock market rally, with all the major indices ending the day in the green. Asia followed suit. The next data point is US jobless claims due out today. Carsten Menke, Head of Next Generation Research, explains his call on where gold goes from here, and Nicolas Jordan updates us on the latest Investment Committee thinking and decisions.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:16 Gold by Carsten Menke (Head of Next Generation Research)05:48 Investment Committee update by Nicolas Jordan (CIO Strategy & Investment Analysis)08:29 Closing remarks by Bernadette Anderko (Investment Writing)

In the US, Federal Reserve officials are stressing that they might need more interest-rate increases to help tame inflation but  they are expressing differing views about how close they are to stopping after new data showed signs that inflation is not falling as quickly as hoped. Meanwhile, the European Union is poised to force banks to report information on Russian Central Bank assets as part of the bloc’s latest sanctions package targeting Moscow for its war in the Ukraine. Dario Messi from Fixed income Research gives his insights on US inflation data and the bond market's reaction.00:14 Introduction and markets wrap-up by Alexander Petersen (Investment Writing)03:03 US inflation data and the bond market's reaction by Dario Messi (Fixed income Research)06:29 Closing remarks by Alexander Petersen (Investment Writing)

The major markets across the US and Europe all ended the day in the green yesterday. All eyes will be on the US inflation report due out later today, where investors will be assessing the implications of the latest data on future Fed policy. Kazuo Ueda was officially nominated as the new Governor of the Bank of Japan, replacing Haruhiko Kuroda. David Alexander Meier, Senior Economist at Julius Baer, shares his expectations from the Bank of Japan in light of this new appointment.00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)03:11 Bank of Japan / JPY by David Alexander Meier (Economic Research)07:56 Closing remarks by Helen Freer (Investment Writing)