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

Mar 8, 2023 · 7 min
Fed Chairman Jerome Powell’s impact on markets
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)
Mar 7, 2023 · 12 min
Markets rangebound before Jerome Powell’s Senate testimony
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)
Mar 6, 2023 · 6 min
China sets a cautious growth target
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)
Mar 3, 2023 · 8 min
Interest rates could rise more than expected
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)
Mar 2, 2023 · 11 min
Further rate increases needed to fight inflation
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)
Mar 1, 2023 · 12 min
A deep dive into our fixed income strategy and China
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)
Feb 28, 2023 · 10 min
Positive US data releases again
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)
Feb 27, 2023 · 5 min
The post-Brexit deal and the fight between bulls and bears
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)
Feb 24, 2023 · 10 min
Investors await the US Personal Consumption Expenditures (PCE) data
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)
Feb 23, 2023 · 8 min
Fed indicates more rate hikes ahead to curb inflation
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)
Feb 22, 2023 · 6 min
Should investors be chasing the rally?
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)
Feb 21, 2023 · 6 min
Geopolitics in the spotlight
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)
Feb 20, 2023 · 6 min
Positive momentum to keep on pushing equity markets higher
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)
Feb 17, 2023 · 8 min
Fed comments dampen sentiment
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)
Feb 16, 2023 · 9 min
Stocks shrug off retail sales data
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)
Feb 15, 2023 · 7 min
Inflation still bothersome
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)
Feb 14, 2023 · 8 min
Kazuo Ueda nominated as the new Governor of the Bank of Japan
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)
Feb 13, 2023 · 6 min
US inflation – make or break for markets?
All eyes will be on the release of the January US inflation report this Tuesday, and it could well shape market action this week. Yet, it is not all macroeconomics – earnings season too remains in full swing with major companies reporting this week. Mensur Pocinci, Head of Technical Analysis, talks about why the golden cross technical pattern, which can be observed currently, supports the case for investing in equities. 00:14 Introduction and markets wrap-up by Mike Rauber (Investment Writing) 03:40 Technical update by Mensur Pocinci (Head of Technical Analysis) 05:16 Closing remarks by Mike Rauber (Investment Writing)
Feb 10, 2023 · 7 min
Negative market sentiment at the end of the week
Investors are beginning to adjust to the prospect of higher interest rates, dragging down markets around the world. Meanwhile, job cuts in the tech sector continue, with Yahoo being the latest big tech name to announce layoffs. Manuel Villegas, Next Generation Research analyst, provides an update on digital assets with a special focus on Uniswap. 00:14 Introduction and markets wrap-up by Lucija Caculovic (Investment Writing) 03:25 Digital assets by Manuel Villegas (Next Generation Research) 06:29 Closing remarks by Lucija Caculovic (Investment Writing)
Feb 9, 2023 · 12 min
Hawkish comments hit sentiment
US equity markets fell yesterday as investors digested comments from four Federal Reserve officials that the Fed needs to continue to raise interest rates to fight inflation. European markets were mixed, while Turkey’s stock exchange suspended trading for the first time in 24 years in the wake of the tragic earthquakes there. Norbert Rücker, Head of Macro & Next Generation Research, provides an update on the oil market; Mathieu Racheter, Head of Equity Strategy, explains his preference for European banks over US banks; and Nicolas Jordan, CIO Strategy & Investment Analysis, provides details on the latest discussions with regard to the bank’s investment strategy. 00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing) 03:56 Oil market update by Norbert Rücker (Head of Macro & Next Generation Research) 06:37 European banks by Mathieu Racheter (Head of Equity Strategy) 09:12 Investment Committee update by Nicolas Jordan (CIO Strategy & Investment Analysis) 11:30 Closing remarks by Helen Freer (Investment Writing)