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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Jul 6, 2023 · 12 min
Markets react negatively to Fed minutes
The Fed minutes released yesterday revealed some disagreement among committee members regarding the future path of interest-rate policy. After their June ‘pause’ it seems that members do expect to resume hiking rates but perhaps at a slower pace. US and Asian markets closed lower, with Asian stocks also impacted by the recent disappointing data from China. Norbert Rücker, Head of Macro and Next Generation Research, updates us on events in the oil markets, whilst Nicolas Jordan fills us in on our CIO’s current thinking. 00:14 Introduction by Helen Freer (Investment Writing) 00:39 Markets wrap-up by Bernadette Anderko (Investment Writing) 06:09 Oil update by Norbert Rücker (Head of Macro & Next Generation Research) 09:05 Update from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis) 11:09 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.
Jul 5, 2023 · 11 min
China’s growth rate slows but our analysts still see sweetspots in equities
China’s services sector activity is seeing a deceleration in its growth rate, as some firms reported softer than expected market demand, denting investor sentiment ahead of US Treasury Secretary Janet Yellen's visit to China. And we hear from Mathieu Racheter, Head of Equity Strategy, who shares with us his outlook for developed market equities in the second half of 2023. 00:14 Introduction by Bernadette Anderko (Investment Writing) 00:41 Markets wrap-up by Jonti Warris (Investment Writing) 04:39 Mid-Year Market Outlook - Developed-Market Equity Strategy by Mathieu Racheter (Head of Equity Strategy) 10:07 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.
Jul 4, 2023 · 10 min
Asia-Pacific markets mixed after RBA keeps rates on hold
Asia-Pacific markets were mixed overnight as investors continued to assess the Reserve Bank of Australia's decision to keep interest rates on hold. China has decided to restrict exports of critical minerals and electric vehicle manufacturers had one of their best days yesterday after Tesla and BYD reported strong Q2 electric vehicle sales figures. Manuel Villegas of the Next Generation Research team provides an insight into the latest news regarding Bitcoin ETFs. 00:14 Introduction by Helen Freer (Investment Writing) 00:51 Markets wrap-up by Alexander Petersen (Investment Writing) 05:30 Digital assets update by Manuel Villegas (Next Generation Research) 09:19 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.
Jul 3, 2023 · 10 min
Equities - what's next after a strong first half of the year?
The Nasdaq 100 index had its best first half-year ever, up 39%, as the emergence of the artificial intelligence product cycle drove these and other major US equities higher. The 10-year US Treasury yield came within striking distance of 4.0% last week, and strong electric vehicle sales and talk of the first approval of a physically-backed Bitcoin ETF are also in focus this Monday morning. Mensur Pocinci, our Head of Technical Analysis research, points out that equities are not only strong on their own, but also relative to gold and bonds. 00:14 Introduction by Helen Freer (Investment Writing) 00:37 Markets wrap-up by Mike Rauber (Investment Writing) 05:53 Technical analysis update by Mensur Pocinci (Head of Technical Analysis) 09:33 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.
Jun 30, 2023 · 15 min
Traders buckle up for an important set of inflation data today
US Treasury yields rose yesterday on better-than-expected economic data, but stocks continued to climb the wall of worry. The all-important US PCE deflator figures for May will decide the fate of the markets on the last trading day of the half year. And there is a lot going on in the currency markets these days - hear what our Head of FX & PM Solutions in Geneva, Tim Gagie, has to say about the latest moves. 00:14 Introduction by Helen Freer (Investment Writing) 00:41 Markets wrap-up by Roman Canziani (Head of Investment Writing) 05:41 FX update by Tim Gagie (Head of FX & PM Solutions Geneva) 10:32 Digital assets update by Manuel Villegas (Next Generation Research) 14:01 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.
Jun 29, 2023 · 10 min
More central bank rate rises on the horizon
At the ECB forum in Sintra, Federal Reserve Chairman Powell, ECB President Lagarde and Bank of England Governor Bailey all said that they still have some way to go in raising interest rates to fight inflation. The 23 largest US banks passed the Federal Reserve's annual stress test. And both the Japanese yen and the Chinese yuan are in focus as authorities worry about the weakness of their currencies. Carsten Menke, Head of Next Generation Research, says silver continues to move in gold’s slipstream. 00:14 Introduction by Helen Freer (Investment Writing) 00:39 Markets wrap-up by Mike Rauber (Investment Writing) 06:12 Silver update by Carsten Menke (Head of Next Generation Research) 09:38 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.
Jun 28, 2023 · 11 min
Investor sentiment boosted by robust US data prints
A raft of strong data underscores the resilience of the US’s economy in the face of stickier-than-expected inflation. Investors will closely be watching the ECB forum today, when top central bankers will speak on a policy panel to discuss how to combat unrelenting inflation. And we hear from Roman Frey, Head of Fixed Income Investment Management, who shares with us why now is such a good time to consider fixed income. 00:14 Introduction by Bernadette Anderko (Investment Writing) 00:34 Markets wrap-up by Jonti Warris (Investment Writing) 05:34 Implementing Market Outlook Fixed Income strategy by Roman Frey (Head of Fixed Income Investment Management) 11:01 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.
Jun 27, 2023 · 9 min
Tech stocks lead Wall Street lower
US stock markets didn’t have the best start to the week as tech stocks led indices lower. The Nasdaq Composite was the worst performer, falling more than 1%. But this bad start to the week needs to be put into context: the S&P 500 and Nasdaq are still on track to finish June more than 3% higher, while the Dow Jones is currently set for a monthly gain of nearly 2.5%. As rates starts to bite and their impact is felt, Dario Messi highlights which segments of the bond market should be in investors’ focus as we head into the second half of the year. 00:14 Introduction by Helen Freer (Investment Writing) 00:39 Markets wrap-up by Bernadette Anderko (Investment Writing) 03:57 Market Outlook Mid-Year 2023 deep-dive – Fixed income by Dario Messi (Fixed Income Research) 08:05 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.
Jun 26, 2023 · 9 min
Markets calm amid geopolitical tensions
Markets are eerily calm this morning following the dramatic end to an armed uprising in Russia. This week marks the last week of trading for the first half of the year, so the first conclusions will be drawn with regard to market performance this year. The headlines this week are likely to include the ECB’s Bank Forum in Sintra, the release of the Fed’s favourite inflation gauge (the Personal Consumption Expenditures deflator), and the US bank stress tests. Mensur Pocinci, Head of Technical Analysis, joins today's episode to explain the technical patterns in precious metals. 00:14 Introduction by Helen Freer (Investment Writing) 00:34 Markets wrap-up by Lucija Caculovic (Investment Writing) 05:49 Technical analysis update by Mensur Pocinci (Head of Technical Analysis) 07:44 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.
Jun 23, 2023 · 19 min
No summer holidays for major central banks
Asian equities and European stock futures are in a sea of red this Friday morning as major developed market central banks go on inflation alert. However, artificial intelligence (AI) stocks continue to shine. Meanwhile, the Japanese yen is falling again as traders look ahead to possible intervention to support the currency. In today's podcast, David Meier, Senior Economist, and Tim Gagie, Head of FX & PM Solutions Geneva, give their views on a range of currencies – from the British pound to the Turkish lira and the Brazilian real, to name but a few. 00:14 Introduction by Lucija Caculovic (Investment Writing) 00:40 Markets wrap-up by Mike Rauber (Investment Writing) 05:56 UK Update by David A. Meier (Senior Economist) 13:44 FX Update by Tim Gagie (Head of FX & PM Solutions Geneva) 18:31 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.
Jun 22, 2023 · 14 min
Equity markets lower as yields and data point to a slowdown
Stock markets are lower for the third day in a row as Federal Reserve Chair Jerome Powell delivers a hawkish message on monetary policy, and data points to slower growth ahead. And European natural gas prices are on the rise again - listen to Norbert Rücker, our Head of Macro & Next Generation Research, to find out whether he thinks Europe is once again on the brink of an energy crisis. 00:14 Introduction by Bernadette Anderko (Investment Writing) 00:52 Markets wrap-up by Roman Canziani (Head of Investment Writing) 06:47 Energy update by Norbert Rücker (Head of Macro & Next Generation Research) 10:09 Update from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis) 13:15 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.
Jun 21, 2023 · 12 min
Investors caught between FOMO and a hawkish Fed
Global equity markets struggle ahead of US Fed Chair Jerome Powell’s semi-annual report to Congress today, when he is expected to reinforce the message that interest rates need to stay higher for longer. Dario Messi, Fixed Income Research, provides his thoughts on why investors should not be chasing the rally in high yield bonds. And Adrienne Järsvall, Head of Fund Advisors, shares with us why now is a good time to consider alternative investments. 00:14 Introduction by Bernadette Anderko (Investment Writing) 00:39 Markets wrap-up by Jonti Warris (Investment Writing) 04:53 Don’t chase the high yield bond rally by Dario Messi (Fixed Income Research) 08:16 Reasons to consider alternative investments now by Adrienne Järsvall (Head of Fund Advisors) 11:35 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.
Jun 20, 2023 · 9 min
European markets lower with Asia’s markets a mixed bag
European markets fell at the start of the new trading week with investors nervous about the economic outlook. US markets were shut for the Juneteenth holiday on Monday. Asia-Pacific markets traded mixed overnight as investors digested China’s central bank decision to cut its one-year and five-year loan prime rate. The US Secretary of State Antony Blinken had his meeting with China's President Xi Jinping yesterday, with both sides pledging to stabilise their relationship. Hannah Wise joins the podcast today with details of what to expect when she hosts Christian Gattiker and David Kohl in the mid-year markets outlook webcast, which takes place at 10.00 CEST on the 27th of June. 00:14 Introduction by Bernadette Anderko (Investment Writing) 00:25 Markets wrap-up by Alexander Petersen (Investment Writing) 04:33 US growth and inflation by Christian Gattiker (Head of Research) 05:30 Preview of Mid-Year Market Outlook webcast by Hannah Wise (Head of Video Channels) 08:15 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.
Jun 19, 2023 · 7 min
A quiet start to a busy week
The main story this morning is the visit to China by US Secretary of State Antony Blinken, which has shown the first tentative signs of progress. However, Asian equities are still lower today as investors reset their expectations for further stimulus from China. Despite a generally quiet morning, the week ahead will be busy for investors with a total of 12 central banks due to announce their latest decisions and on the macroeconomic front, we will receive a number of leading indicators (flash Purchasing Managers’ indices). 00:14 Introduction by Bernadette Anderko (Investment Writing) 00:32 Markets wrap-up by Lucija Caculovic (Investment Writing) 04:49 Technical analysis update by Mensur Pocinci (Head of Technical Analysis) 06:56 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.
Jun 16, 2023 · 15 min
Equities up, USD mostly down
After a flurry of interest rate decisions by major central banks, global equities are mostly higher and the USD is mostly weaker - although it is rising against the JPY as the Bank of Japan remains on its lonely monetary policy island. The rally in US equities appears to be broadening, while Chinese equities are rallying on stimulus hopes. Tim Gagie, Head of FX & PM Solutions Geneva, discusses currency positioning as the USD has continued to weaken against most currencies. Carsten Menke, Head of Next Generation Research, notes that simply stopping rate hikes is not enough for gold to shine again. 00:14 Introduction by Helen Freer (Investment Writing) 00:36 Markets wrap-up by Mike Rauber (Investment Writing) 05:41 FX Update by Tim Gagie (Head of FX & PM Solutions Geneva) 11:07,5 Update on gold by Carsten Menke (Head of Next Generation Research) 14:52 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.
Jun 15, 2023 · 13 min
Fed pauses as it weighs impact of tightening cycle
The US Federal Reserve left rates unchanged yesterday and sees two small hikes by the end of 2023, as it deals with a stronger-than-expected economy and a slower decline in inflation. Our Chief Economist David Kohl shares his thoughts on how the Fed will move from here, and Nicolas Jordan, from the CIO Strategy & Investment Analysis team, provides an update from our CIO’s Investment Committee. 00:14 Introduction by Helen Freer (Investment Writing) 00:45 Markets wrap-up by Jonti Warris (Investment Writing) 05:30 Comments on Fed meeting by David Kohl (Chief Economist) 10:10 Update from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis) 11:57 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.
Jun 14, 2023 · 11 min
Stocks rally ahead of likely Fed pause
The stock market rally extended yesterday after US inflation figures reassured investors. The US Federal Reserve (Fed) is widely expected to leave interest rates unchanged today, but much of the focus will be on Fed Chair Powell's remarks at the press conference. Dario Messi, Fixed Income Research, expects some words of caution. 00:14 Introduction by Bernadette Anderko (Investment Writing) 00:33 Markets wrap-up by Roman Canziani (Head of Investment Writing) 05:35 Bond markets ahead of central bank decisions by Dario Messi (Fixed Income research) 10:53 Closing remarks by Bernadette Anderko (Investment Writing)
Jun 13, 2023 · 10 min
Apple at an all-time high
Apple closed at an all-time high and the S&P 500 index ended the day above 4325 points its intra-day high from last August and so a key level for technical analysts – the focus is now on today’s US inflation release. China’s central bank in a surprise move lowered its short-term policy rate today amidst faltering growth figures – the big question is now if more stimulus is to come out of the world’s second largest economy. Manuel Villegas Next Generation Research notes that investors in crypto should expect confusion and volatility ahead as the US regulatory environment remains treacherous. 00:14 Introduction by Bernadette Anderko (Investment Writing) 00:37 Markets wrap-up by Mike Rauber (Investment Writing) 05:36 Crypto assets update by Manuel Villegas (Next Generation Research) 09:20 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.
Jun 12, 2023 · 9 min
A big central bank week coming up
This week is a busy one with central banks around the world expected to announce their latest interest rate decisions, including the US, Eurozone, Japan and China. There will also be a raft of macroeconomic data for investors to digest. Mensur Pocinci, Head of Technical Analysis, joins today's episode to talk more about the VIX index hitting a new 3-year low and equity markets hitting a 52-week high. 00:14 Introduction by Bernadette Anderko (Investment Writing) 00:39 Markets wrap-up by Lucija Caculovic (Investment Writing) 06:00 Technical analysis update by Mensur Pocinci (Head of Technical Analysis) 08:20 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.
Jun 9, 2023 · 10 min
A bull market in the US and the Swiss franc on a roll
The S&P 500 index in the US entered bull market territory yesterday, up 20% since its October 2022 low, on optimism that the Federal Reserve will keep interest rates on hold for the time being. In contrast, a rate hike in Switzerland on 22nd June appears to be a done deal, setting the Swiss franc up for a rally, especially against the US dollar, as Tim Gagie, Head of FX & PM Solutions Geneva, explains. 00:14 Introduction by Helen Freer (Investment Writing) 00:33 Markets wrap-up by Roman Canziani (Head of Investment Writing) 04:49 FX update by Tim Gagie (Head of FX & PM Solutions Geneva) 08:53 Closing remarks by Helen Freer (Investment Writing)