Moving Markets

Julius Baer

Moving Markets is the home of podcasts at Julius Baer. Here, our expert teams share concise daily market updates in ‘Moving Markets Daily’ which is complemented by ‘Moving Markets: The View Beyond’, a weekly show dedicated to discussing the context, thematic angles, and investment implications behind key topics shaping the news cycle and conversations among our relationship managers and clients.

The information contained in this podcast is marketing material. Opinions expressed do not constitute independent financial/investment research, investment advice, or an offer to buy or sell securities by Julius Baer. Please refer to www.juliusbaer.com/legal/podcasts for important legal information prior to listening to this podcast.

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1,058 episodes
Updated Yesterday

Episodes1058

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Jan 9, 2025 · 15 min
Concerns about inflation set the market tone
December’s Fed Minutes released yesterday revealed that FOMC members believe that upside risks to their inflation outlook have increased and that incoming President Trump’s policies likely will not help matters. Neither US nor European data releases helped stocks yesterday. European markets had a mixed Wednesday with indices up or down in the order of half a percent. US stocks also struggled for direction ahead of today’s market closure for President Jimmy Carter’s funeral. China’s overnight inflation data seemed to confirm that Beijing’s stimulus efforts aren’t reviving demand yet. Bond market prices continued to fall with new record highs being set in longer-dated yields from the US to the UK. Carsten Menke, Head of Next Generation Research, joins the podcast to provide an update on digital assets, whilst Nicolas Jordan delivers his regular update from the CIO office. 00:00 Introduction by Helen Freer (Investment Writing) 00:31 Markets wrap-up by Bernadette Anderko (Investment Writing) 07:07 Digital assets update: Carsten Menke (Head of Next Generation Research) 10:58 Update from the CIO Office: Nicolas Jordan (CIO Strategy & Investment Analysis) 14:43 Closing remarks by Helen Freer (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Jan 8, 2025 · 12 min
US Equities sell off and yields jump on inflation scare
While European equity markets rose in yesterday's trading, their US counterparts had a rough day as the latest economic data added to speculation that the Federal Reserve will leave interest rates unchanged this month amid inflationary pressures. This pushed Treasury yields higher across the curve, with traders no longer fully pricing in a Fed rate cut before July. Dario Messi, Head of Fixed Income Research, tells us why he would tactically take the opportunity to close any duration gap, but would still avoid excessive duration at this stage. 00:00 Introduction by Bernadette Anderko (Investment Writing) 00:31 Markets wrap-up by Jan Bopp (Investment Writing) 05:40 Starting the year with higher bond yields: Dario Messi (Head of Fixed Income Research) 11:00 Closing remarks by Bernadette Anderko (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Jan 7, 2025 · 11 min
AI surge propels tech stocks higher
A rally in the world’s largest US technology companies lifted stocks globally yesterday amid renewed investor optimism for all things AI, prompting Nvidia to close at an all-time high. Meanwhile, Japan’s finance minister Katsunobu Kato issued a fresh warning today against speculative yen selling after the currency fell to its weakest level since July 2024. Norbert Rücker, Head of Economics & Next Generation Research, provides an update on supply and demand drivers in the natural gas market. 00:00 Introduction by Helen Freer (Investment Writing) 00:24 Markets wrap-up by Jonti Warris (Investment Writing) 06:02 Natural gas: Norbert Rücker (Head of Economics & Next Generation Research) 10:41 Closing remarks by Helen Freer (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Jan 6, 2025 · 11 min
2025 kicks off with market optimism vs geopolitical jitters
US equities began 2025 with a brief sell-off followed by a rebound, while Chinese shares are having their worst start to a year since 2016. Microsoft said that it will spend USD 80 billion on data centres this year. This week, investors will be watching economic data releases, including PMI and employment figures, to gauge the global economic outlook. Upcoming events later this month include earnings reports from majorUS banks, the People's Bank of China's interest rate decision, Donald Trump's inauguration, and US Federal Reserve and ECB interest rate decisions at the end of the month. Mensur Pocinci, Head of Technical Analysis, notes that the S&P 500 needs to regain the psychologically important 6000 level after last month's decline. 00:00 Introduction by Helen Freer (Investment Writing) 00:31 Markets wrap-up by Mike Rauber (Investment Writing) 06:52 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis) 09:54 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.
Jan 3, 2025 · 11 min
Special episode: Future Cities: How can we make buildings better
As part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts, today's show features a clip from a conversation where Carsten Menke, Head of Next Generation Research at Julius Baer, talks to host Emily Rookwood about the surprising fact that buildings surpass sectors like aviation and transportation in terms of global carbon emissions. Carsten highlights investment opportunities in insulation materials, heating and cooling systems, and smart building technologies, while addressing the challenges of retrofitting existing buildings and the cyclical nature of the real estate market. 00:00 Introduction by Helen Freer (Investment Writing) 00:45 How can we make buildings better? Carsten Menke (Head of Next Generation Research) and Emily Rookwood (Head of Publications) 10:29 Closing remarks by Helen Freer (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Dec 31, 2024 · 12 min
Special episode: Market Outlook 2025
As part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts, today's show features a clip from a conversation where Christian Gattiker, Head of Research, and Mark Matthews, Head of Research Asia, talk to Bernadette Anderko about the current and expected market environment as the new economic cycle unfolds, and what opportunities this should present going into 2025. 00:00 Introduction by Helen Freer (Investment Writing) 00:31 Market Outlook 2025: Christian Gattiker (Head of Research), Mark Matthews (Head of Research Asia), Bernadette Anderko (Investment Writing) 11:15 Closing remarks by Helen Freer (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Dec 30, 2024 · 14 min
Special episode: How we manage money: Performance and risk
As part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts, today's show features a clip from a conversation where Julius Baer’s Chief Investment Officer Yves Bonzon joins journalist Hannah Wise to take a closer look at Julius Baer's investment strategy. They discuss performance and risk and how this impacts investors. Yves shares how we analyse and assess performance, how to avoid ‘bad’ performance and what ‘healthy’ performance looks like, especially in a volatile market. He also talks about the risks involved with performance, how we mitigate those risks, and how he measures his success as a CIO. Our regular show that starts with daily market news returns on Monday 6th January. 00:00 Introduction by Helen Freer (Investment Writing) 00:54 How we manage money: Yves Bonzon (Group CIO) and Hannah Wise (Head of Investment Communications) 12:44 Closing remarks by Helen Freer (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Dec 27, 2024 · 11 min
Special episode: Carbon credits, markets and trading: What’s it all about
"We are not trying to save the planet, we are first trying to save ourselves". As part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts, today's show features a clip from a conversation where Roy Athanasius Ang, Strategy & Business Operations Singapore, talks to Julius Baer's in-house climate and stewardship specialist Jean-Damien Bogner about the origins of carbon credits and their applicability in the climate change scene today. Our regular show that starts with daily market news returns on Monday 6th January. 00:00 Introduction by Helen Freer (Investment Writing) 00:48 Carbon credits, markets and trading: Jean-Damien Bogner (Climate and stewardship specialist) and Roy Athanasius Ang (Strategy & Business Operations Singapore) 10:12 Closing remarks by Helen Freer (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Dec 24, 2024 · 10 min
Special episode: What is 360 Wealth Management and why does it matter?
As part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts, today's show features a clip from a conversation that Nicolas de Skowronski, Head Wealth Management Solutions and member of the Executive Board, and Sonia Goessi, Head of Region Switzerland and Europe and member of the Executive Board had with host Emily Rookwood on Julius Baer’s 360-degree approach to wealth management and why it is important for everyone. Our regular show that starts with daily market news returns on Monday 6th January. 00:00 Introduction by Helen Freer (Investment Writing) 01:03 What is 360 Wealth Management and why does it matter? Nicolas de Skowronski (Head of Wealth Management Solutions, Member Executive Board), Sonia Gössi (Head of Region Switzerland and Europe, Member Executive Board), Emily Rookwood (Head of Publications) 09:40 Closing remarks by Helen Freer (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Dec 23, 2024 · 7 min
Special episode: What is the cost of obesity?
As part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts, today's show features a clip from a conversation one of our Next Generation analysts, Damien Ng, had with host Emily Rookwood about the background and economic significance of obesity drugs. Our regular show that starts with daily market news returns on Monday 6th January. 00:00 Introduction by Helen Freer (Investment Writing) 00:38 What is the cost of obesity? Damien Ng (Next Generation Research), Emily Rookwood (Head of Publications) 06:05 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 wherever you get your podcasts.
Dec 20, 2024 · 12 min
US markets fail to rebound
Markets struggled to recover from hawkish comments by Fed Chair Jerome Powell, with equities ending the day lower despite a stronger-than-expected US GDP reading. Investors now turn their attention to European producer prices and the Fed's preferred inflation metric due out today, amid concerns over a potential US government shutdown. And we have Maeve Timoney on the show to talk about the topic of water and potential solutions to tackle water-related challenges. 00:00 Introduction by Helen Freer (Investment Writing) 00:28 Markets wrap-up by Jan Bopp (Investment Writing) 05:42 Water – too little and too much by Maeve Timoney (Next Generation Research) 10:41 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.
Dec 19, 2024 · 10 min
The Fed sees higher inflation
The Federal Reserve announced a 0.25% cut in interest rates, bringing the total cuts since September to 1%. The Fed's economic projections indicate a slower pace of cuts next year, citing a solid labour market and a stalled decline in inflation. Equity markets reacted negatively, with US equities falling sharply. Other asset classes also reacted, with US Treasury yields rising, the USD strengthening, and gold and Bitcoinfalling, although Bitcoin did hold above the USD 100,000 level. Meanwhile, the Bank of Japan kept interest rates unchanged, weighing on the JPY. In what has become an annual tradition, Tim Gagie, Head of FX&PM Solutions Geneva, reviews the year in the world of currencies and gold, not in prose but in rhyme. 00:00 Introduction by Helen Freer (Investment Writing) 00:31 Markets wrap-up by Mike Rauber (Investment Writing) 06:39 FX Christmas poem by Tim Gagie (Head of FX & PM Solutions Geneva) 09:32 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.
Dec 18, 2024 · 11 min
It’s Fed day
Today's main event is undoubtedly the Federal Reserve's much-anticipated interest rate decision. Recent US economic data releases have been mixed, but investors are heavily betting on a 25 basis point cut. Meanwhile, German economic data has also been mixed as the country continues to navigate choppy waters. Over in Asia, a potential merger between Japanese car giants Nissan and Honda is making headlines. In commodities, cocoa prices have risen to new record highs, while oil and gold are trading in narrow ranges ahead of the US interest rate announcement. We're joined today by Leonardo Pellandini from our Equity Strategy Research team, who explains why US equities remain in favour. 00:00 Introduction by Bernadette Anderko (Investment Writing) 00:34 Markets wrap-up by Lucija Caculovic (Investment Writing) 06:56 Why US equities remain in favour: Leonardo Pellandini (Equity Strategy Research) 10:34 Closing remarks by Bernadette Anderko (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Dec 17, 2024 · 11 min
Year-end rally continues: what's driving markets?
In this episode, we explore why US stocks are continuing their upward momentum into year-end, and why some European markets are performing better than others. With major central banks set to announce interest rate policy decisions this week, traders are on high alert. We'll also examine the unrelenting surge in the Bitcoin price and take a closer look at industrial metals. To provide expert insights on the latter, we're joined by our Head of Next Generation Research, Carsten Menke. 00:00 Introduction by Helen Freer (Investment Writing) 00:28 Markets wrap-up by Roman Canziani (Head of Investment Writing) 06:25 Industrial Metals: Carsten Menke (Head of Next Generation Research) 10:47 Closing remarks by Helen Freer (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Dec 16, 2024 · 17 min
Bitcoin brawn, a year-end rally and Fed forecast
Bitcoin surged to a new record high today, extending a rapturous rally since Donald Trump's re-election.With value stocks having been beaten down recently, Mensur Pocinci, Head of Technical Analysis, explains why he believes a year-end rally remains on the cards. Our Chief Economist, David Kohl, shares his insights into last week’s central bank decisions along with an outlook for the Fed’s interest rate path. 00:00 Introduction by Helen Freer (Investment Writing) 00:52 Markets wrap-up by Jonti Warris (Investment Writing) 07:40 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis) 10:46 Central bank meetings by David Kohl (Chief Economist) 15:51 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.
Dec 13, 2024 · 13 min
Two rate cuts – different sizes
Europe was the main focus yesterday with rate cuts from both the European Central Bank and the Swiss National Bank. The ECB mulled a 50 basis point cut but delivered 25 bps. The SNB, however, led by its new chief Martin Schlegel, surprised markets, announcing a half a percentage point cut. In the US, a raft of data didn’t convince the markets and they closed lower ahead of the Fed meeting next week where the bet is still on for a 25 bps rate cut. Asian markets were uninspired by the outcome of the Chinese Central Economic Working Conference. Richard Tang, Head of Research Hong Kong, supplies the details of this meeting as well as sharing his thoughts on adopting an offensive/defensive stance when it comes to the Chinese equity market. 00:00 Introduction by Helen Freer (Investment Writing) 00:30 Markets wrap-up by Bernadette Anderko (Investment Writing) 05:56 China’s Politburo meeting: Richard Tang (Head of Research Hong Kong) 12:31 Closing remarks by Helen Freer (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Dec 12, 2024 · 15 min
US inflation is giving the Fed the green light
US inflation comes in as expected, solidifying interest rate cut hopes ahead of the Fed's policy decision next week. Equity markets breathe a sigh of relief, with technology names leading the charge, while the ECB and SNB prepare to announce rate decisions amidst growing growth concern. And we have Carsten Menke, Head of Next Generation Research, and Nicolas Jordan, CIO Office, on the show to talk about the comeback of central bank gold buying and why it was a difficult year for Swiss equities. 00:00 Introduction by Mike Rauber (Investment Writing) 00:37 Markets wrap-up by Jan Bopp (Investment Writing) 05:23 Gold: Carsten Menke (Head of Next Generation Research) 09:37 Update from the CIO Office: Nicolas Jordan (CIO Strategy & Investment Analysis) 14:26 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 wherever you get your podcasts.
Dec 11, 2024 · 11 min
US inflation data looms large – equity markets in wait-and-see mode
As investors await the release of November inflation figures in the US later today, markets have edged slightly lower. The upcoming data is expected to provide clarity on the likelihood of a rate cut in the US next week. Meanwhile, central banks are set to take centre stage, with the Bank of Canada announcing its decision today, followed by the European Central Bank and the Swiss National Bank tomorrow. All three institutions are anticipated to reduce their policy rates. To shed light on the potential implications for the US dollar and gold, we're joined by Tim Gagie, Head of FX & PM Solutions at our Geneva office. 00:00 Introduction by Bernadette Anderko (Investment Writing) 00:25 Markets wrap-up by Roman Canziani (Head of Investment Writing) 06:48 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva) 10:27 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.
Dec 10, 2024 · 10 min
Stocks lifted by China’s policy stimulus signals
Chinese officials’ pledges to provide bolder support for economic growth are fuelling a rally in shares related to Chinese consumption, Chinese real estate, and Asian mining stocks. China beneficiaries in Europe also posted strong gains yesterday. Meanwhile, US equity markets took something of a breather following the recent strong rally, as traders await tomorrow’s key inflation data. Manuel Villegas, Next Generation Research, provides a detailed update on Bitcoin’s breach of USD 100,000. 00:00 Introduction by Bernadette Anderko (Investment Writing) 00:24 Markets wrap-up by Jonti Warris (Investment Writing) 06:31 Crypto asset update: Manuel Villegas (Next Generation Research) 09:51 Closing remarks by Bernadette Anderko (Investment Writing) Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
Dec 9, 2024 · 11 min
Geopolitics meet monetary policy this week
Global markets are starting the week cautiously due to geopolitical tensions, including the toppling of Syria's leader and the ongoing unrest in South Korea. Despite this, European markets performed well last week, with the CAC 40 and DAX rising. US jobs data was mixed and the Nasdaq and S&P 500 reached fresh highs. China's inflation slowed, and investors await tangible policies from the government's economic meeting. This week, major central banks, from Australia, Canada, Brazil, the eurozone, and Switzerland, will decide on interest rates. Mensur Pocinci, Head of Technical Analysis, notes that despite the strong (US) equity market gains this year inflows into equities are far from euphoric levels. 00:00 Introduction by Bernadette Anderko (Investment Writing) 00:41 Markets wrap-up by Mike Rauber (Investment Writing) 07:05 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis) 10:45 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.