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

Newest first

Nov 24, 2023 · 9 min
Investors await US PMI data
All the major European indices gained yesterday. Today, US PMI data is due. Pharmaceutical company Bayer has said it was unaware of the results of its blood thinner trial prior to issuing over USD 5 billion in bonds. Tim Gagie, Head of FX & PM Solutions Geneva, gives us the latest insights into currencies and metals. 00:00 Introduction by Helen Freer (Investment Writing) 00:20 Markets wrap-up by Alexander Petersen (Investment Writing) 03:31 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva) 08:36 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.
Nov 23, 2023 · 14 min
Investor sentiment buoyed by mixed data and lower yields
Global equities advanced yesterday as US Treasury yields briefly fell to their lowest level in two months. And in Europe, far-right leader Geert Wilders scores a shock victory in yesterday’s Dutch parliamentary elections. Carsten Menke, Head of Next Generation Research, gives an update on the gold market. And Nicolas Jordan, CIO Strategy & Investment Analysis, shares with us the takeaways from the latest CIO Investment Committee meeting. 00:00 Introduction by Helen Freer (Investment Writing) 00:31 Markets wrap-up by Jonti Warris (Investment Writing) 06:16 Gold update by Carsten Menke (Head of Next Generation Research) 09:56 Latest news from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis) 12:45 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.
Nov 22, 2023 · 9 min
US Treasury auctions are of interest again
ECB President Christine Lagarde said the fight against inflation is not over, with the focus now on the impact of wage rises, while the US Federal Reserve sees interest rates remaining in restrictive territory. Nvidia reported a strong set of results and Sam Altman is back as the CEO of OpenAI. Eirini Tsekeridou, Fixed Income Research, talks about a successful US 20-year Treasury auction earlier this week and why this is a positive for fixed income investors. 00:00 Introduction by Helen Freer (Investment Writing) 00:28 Markets wrap-up by Mike Rauber (Investment Writing) 06:10 Fixed income update by Eirini Tsekeridou (Fixed Income Research) 08:36 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.
Nov 21, 2023 · 12 min
US equities continue their march higher
US equities rise on falling US Treasury yields and strong performances from artificial intelligence stocks Microsoft and Nvidia. The Bank of England governor warns that slower growth will not stop it from raising interest rates. Talk of more support for China's big property developers sends their stocks and bonds higher. Mathieu Racheter, Head of Equity Strategy, notes that quality growth will continue to lead the way, underpinning our preference for US equities. And Manuel Villegas, Next Generation Research, talks about crypto assets as investors wait to see if the SEC will approve spot bitcoin ETFs. 00:00 Introduction by Jonti Warris (Investment Writing) 00:38 Markets wrap-up by Mike Rauber (Investment Writing) 05:44 Equity market update by Mathieu Racheter (Head of Equity Strategy) 08:22 Digital assets update by Manuel Villegas (Next Generation Research) 11:00 Closing remarks by Jonti Warris (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.
Nov 20, 2023 · 10 min
Big changes coming to OpenAI and in Argentina
Last Friday, the board of OpenAI fired founder and CEO Sam Altman and appointed Emmett Shear, the former head of Amazon's Twitch game streaming site, as its new CEO. US Treasuries are on track for their best month since March, and Argentine voters elected libertarian outsider Javier Milei as their new president in a political upset. Mensur Pocinci, Head of Technical Analysis Research, talks about whether small caps are finally starting to outperform large caps, bonds benefitting from the tailwind of lower interest rates, and gold's attempt to break above USD 2,000 an ounce in recent weeks. 00:00 Introduction by Mike Rauber (Investment Writing) 00:34 Markets wrap-up by Alexander Petersen (Investment Writing) 04:16 Technical market view by Mensur Pocinci (Head of Technical Analysis Research) 08:48 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.
Nov 17, 2023 · 11 min
China and the US take centre stage
Chinese President Xi Jinping concluded a positive visit to the US, while Alibaba Group withdrew plans to spin off its USD 11 billion cloud business and Apple is facing delays in developing its own modem for the iPhone. Tim Gagie, Head of FX & PM Solutions Geneva, gives his views on the latest developments in currencies and metals. 00:00 Introduction by Helen Freer (Investment Writing) 00:24 Markets wrap-up by Alexander Petersen (Investment Writing) 04:01 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva) 09:47 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.
Nov 16, 2023 · 14 min
Stock markets boosted by encouraging US inflation data
The S&P 500, Dow Jones and Nasdaq indices are all up more than 6% in November, with the Nasdaq climbing 9.8%. Stocks were buoyed further yesterday after US inflation data revealed a 0.5% drop in the PPI index for October. Markets in Asia were lower overnight following disappointing Chinese home price data. Good news came from the Presidents of China and the US agreeing to resume high-level military communication. Carsten Menke, Head of Next Generation Research, explains why a little more patience is needed before copper prices go higher, and Nicolas Jordan, CIO Strategy & Investment Analysis, provides the latest news from our Investment Committee. 00:00 Introduction by Helen Freer (Investment Writing) 00:31 Markets wrap-up by Bernadette Anderko (Investment Writing) 05:32 Copper update by Carsten Menke (Head of Next Generation Research) 10:13 Latest news from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis) 13:38 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.
Nov 15, 2023 · 13 min
Equity markets rally as US CPI retreats
Global equities rallied strongly, while US Treasury yields plunged after US inflation data surprised marginally to the downside, providing hope that the Fed has concluded its tightening cycle. Eirini Tsekeridou, Fixed Income Strategy, gives an update on the volatility in the US Treasury bond market. And Mathieu Racheter, Head of Equity Strategy, shares with us his preferred sweet spots in the healthcare sector. 00:00 Introduction by Bernadette Anderko (Investment Writing) 01:03 Markets wrap-up by Jonti Warris (Investment Writing) 06:20 US bonds update by Eirini Tsekeridou (Fixed Income Strategy) 08:49 Healthcare sector update by Mathieu Racheter (Head of Equity Strategy) 12:41 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.
Nov 14, 2023 · 9 min
Markets muted ahead of key US CPI data
The S&P 500 and the Nasdaq Composite finished down by 0.1% and 0.2%, respectively on Monday, whilst the Dow closed up just shy of 0.2%. All three indices seem set to open higher this afternoon, reflecting market expectations of a drop in US CPI to 3.3% in October from 3.7% in September. China’s gains overnight stalled as markets await a swathe of economic data and big tech results this week. Manuel Villegas, Next Generation Research, joins the show today to update us on the latest in the crypto space. 00:00 Introduction by Helen Freer (Investment Writing) 00:21 Markets wrap-up by Bernadette Anderko (Investment Writing) 06:13 Digital assets update by Manuel Villegas (Next Generation Research) 10:35 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.
Nov 13, 2023 · 11 min
The year-end rally continues
ECB President Christine Lagarde said that interest rates will have to stay high for longer. Weakness in Richemont and Diageo weighed on European equity markets on Friday. All sectors in the S&P 500 rose as the year-end rally in equities resumed, even as the University of Michigan survey showed a rise in long-term inflation expectations and the impact of higher rates on consumer sentiment. The JPY is trading at its lowest level since October 2022. US President Biden and China's Xi Jinping will meet on Wednesday. Mensur Pocinci, Head of Technical Analysis Research, shares his thoughts on the year-end rally, bond yields and oil. 00:00 Introduction by Helen Freer (Investment Writing) 00:24 Markets wrap-up by Mike Rauber (Investment Writing) 06:37 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research) 10:15 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 your favourite podcast player.
Nov 10, 2023 · 11 min
Markets react nervously to Powell’s speech
US equities ended an eight-day winning streak on the back of a weak US Treasury bond sale and a more hawkish than expected speech by Federal Reserve Chairman Jerome Powell. A cyber-attack forced the US unit of a Chinese bank to send the settlement of Treasuries in physical form to the counterparty. Siemens Energy is still negotiating for critical support as it faces a huge loss. Crypto assets rally on hopes of the approval of a spot bitcoin ETF in the US. Tim Gagie, Head of FX & PM Solutions Geneva, notes that FX markets are at the crossroads of many conflicting currents, but that USD weakness is still on the cards. 00:00 Introduction by Helen Freer (Investment Writing) 00:21 Markets wrap-up by Mike Rauber (Investment Writing) 06:13 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva) 10:35 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.
Nov 9, 2023 · 10 min
Equities continue to rally as Chinese data disappoints
As US Treasuries steady and investors anticipate a peak in interest rates, US equity markets advanced for the eighth straight session. And the latest Chinese CPI data hints at low-for-longer growth expectations in China. Carsten Menke, Head of Next Generation Research, shares his thoughts on the gold market’s reaction to the current geopolitical shock and the outlook for the precious metal. 00:00 Introduction by Helen Freer (Investment Writing) 00:21 Markets wrap-up by Jonti Warris (Investment Writing) 04:55 Gold update by Carsten Menke (Head of Next Generation Research) 09:17 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.
Nov 8, 2023 · 13 min
Oil hits a three-month low and stock rally pauses as traders mull Fed ‘pivot’
Oil prices have fallen sharply over the past three weeks and are now at a 3-month low. Equity markets are contemplating whether the Fed will deliver a pivot in 2024. Dario Messi, Fixed Income Strategy, provides insights into the Bank’s view on high yield bonds, whilst Mathieu Racheter, Head of Equity Strategy, updates on the Q3 earnings season and the development of the year-end rally. 00:00 Introduction by Bernadette Anderko (Investment Writing) 00:24 Markets wrap-up by Alexander Petersen (Investment Writing) 03:31 Fixed Income update by Dario Messi (Fixed Income Strategy) 08:30 Equities update by Mathieu Racheter (Head of Equity Strategy) 12:49 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.
Nov 7, 2023 · 12 min
US stocks hold on to gains as investors await new Fed-speak
US stocks managed to hold on to last week’s gains in yesterday's trading as strategists await the testimony from a number of Federal Reserve officials later this week. Investors are eager to hear their views on whether inflation is finally under control. And did you know that some see Bitcoin as a 'store of value'? Next Generation Research's Manuel Villegas explains. 00:00 Introduction by Helen Freer (Investment Writing) 00:21 Markets wrap-up by Bernadette Anderko (Investment Writing) 06:00 Digital assets update by Manuel Villegas (Next Generation Research) 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.
Nov 6, 2023 · 12 min
With the Fed likely done with rate hikes, the year-end rally is on its way
Friday's US non-farm payrolls report, which showed signs of a cooling US labour market, triggered a rally in equities and a fall in bond yields. Mensur Pocinci, Head of Technical Analysis, says that this rally is likely to have legs into year-end, not only in the US but also in Europe and especially Japan. 00:00 Introduction by Bernadette Anderko (Investment Writing) 00:21 Markets wrap-up by Roman Canziani (Head of Investment Writing) 06:32 Technical Analysis outlook by Mensur Pocinci (Head of Technical Analysis 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 your favourite podcast player.
Nov 3, 2023 · 13 min
Positive reaction to upside earnings surprises
US equities are on course for their best week of the year. Apple disappointed with its earnings release after the US close. Companies that surprised to the upside have seen their share prices rise sharply since the end of the week. The Bank of England stayed on the sidelines but remains in inflation-fighting mode. Overall, global equities could be on the cusp of a year-end rally. Tim Gagie, FX/PM PB Sales Geneva, notes that there has been a shift away from the US dollar this week. 00:00 Introduction by Bernadette Anderko (Investment Writing) 00:25 Markets wrap-up by Mike Rauber (Investment Writing) 07:17 Update on currency and metals markets by Tim Gagie (Head of FX & PM Solutions Geneva) 12:47 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.
Nov 2, 2023 · 13 min
Central banks in the spotlight
US equities and Treasuries were stronger after the Fed decided to leave its key interest rate unchanged and Jerome Powell hinted that the hiking cycle might be over. Today the Bank of England is expected to keep its interest rate unchanged, remaining at its highest level since 2008. Norbert Rücker, Head of Macro & Next Generation Research, gives his views on the latest developments in the energy sector, and Nicolas Jordan from the CIO office provides an update from the latest Investment Committee meeting. 00:00 Introduction by Bernadette Anderko (Investment Writing) 00:28 Markets wrap-up by Alexander Petersen (Investment Writing) 03:58 Energy update by Norbert Rücker (Head of Macro & Next Generation Research) 08:46 Investment Committee Update by Nicolas Jordan (CIO Strategy & Investment Analysis) 12:20 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.
Nov 1, 2023 · 13 min
Investor sentiment diverges ahead of Fed decision
As inflation continues to retreat in the eurozone, consumer confidence in the US falls on worries around business conditions and the cost of living. And in Asia, disappointing PMI data is hampering the prospects of recovery for the region's exporters, while the Japanese Ministry of Finance declared it is on standby ready to intervene in currency markets to aid the ailing yen. Dario Messi, Fixed Income Strategy, shares his thoughts ahead of today’s Fed rate decision. 00:00 Introduction by Roman Canziani (Head of Investment Writing) 00:28 Markets wrap-up by Jonti Warris (Investment Writing) 07:00 Fixed Income update by Dario Messi (Fixed Income Strategy) 11:57 Closing remarks by Roman Canziani (Head of 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.
Oct 31, 2023 · 19 min
US earnings recovery, European earnings recession
With no major geographical escalation over the weekend, US equities rose on Monday, helped by companies such as McDonald's which surprised on the upside with earnings. In Germany, inflation is at its lowest since 2021, but on the flip side, it is the only developed market economy in recession this year. China's economy remains fragile and the JPY is weaker as the Bank of Japan's monetary policy remains below market expectations. Mathieu Racheter, Head of Equity Strategy, notes that while the US is in an earnings recovery, Europe is still in an earnings recession. Manuel Villegas, Next Generation Research, talks about bitcoin as it moves from a payment token to a store of value; the next signpost is whether spot bitcoin ETFs will be approved by the SEC. 00:00 Introduction by Bernadette Anderko (Investment Writing) 00:26 Markets wrap-up by Mike Rauber (Investment Writing) 06:29 Q3 Earnings update by Mathieu Racheter (Head of Equity strategy) 12:53 Crypto assets update by Manuel Villegas (Next Generation Research) 18:13 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.
Oct 30, 2023 · 15 min
The night is darkest before the dawn - it's make-or-break week for markets
The US yield curve appears stuck and the S&P 500 index is down more than 10% from its highs earlier this year. This week's Federal Reserve decision on interest rates, news of the US Treasury’s borrowing plans, employment data and earnings are all likely to determine the market's direction into the year end. Mensur Pocinci, Head of Technical Analysis, says that lows in sentiment often coincide with the lows in markets. And Luca Menozzi, Next Generation, talks about future mobility, a structural trend that is unaffected by the daily ebb and flow of financial markets. 00:00 Introduction by Bernadette Anderko (Investment Writing) 00:24 Markets wrap-up by Roman Canziani (Head of Investment Writing) 05:26 Technical Analysis outlook by Mensur Pocinci (Head of Technical Analysis Research) 09:40 Latest news on self-driving cars by Luca Menozzi (Next Generation Research Analyst) 13:59 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.