Moving Markets: Daily News

Markets digested a mix of headlines yesterday. In the US, the latest jobs report pointed to a resilient but cooling labour market. US equities were mostly subdued, though Tesla stole the spotlight with a record-breaking rally on robotaxi optimism. Oil prices swung sharply, first falling on hopes of a Russia-Ukraine peace deal before rebounding on renewed geopolitical tensions, while gold edged higher as uncertainty lingered. In Europe, defence stocks slipped as peace talks gained traction, and the EU made waves by reversing its planned ban on combustion-engine cars. Asian markets were broadly higher, buoyed by strong export data from Japan. We’re joined by Dario Messi, Head of Fixed Income Research, for an update on bond markets and central banks, and Mathieu Racheter, Head of Equity Strategy Research, who shares insights on their recent upgrade of Swiss equities and their views on the financials sector.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:38) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (06:50) - Bond market update: Dario Messi, Head of Fixed Income Research (11:02) - Equity market update: Switzerland and financials: Mathieu Racheter, Head of Equity Strategy Research (15:28) - Closing remarks: Helen Freer, Product & Investment Content 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.

European equities rallied after industrial production data came in stronger than expected, while Wall Street traded cautiously ahead of a packed schedule of key labour‑market and inflation releases between today and Thursday. The US dollar, oil, gold, and bitcoin all slipped as investors absorbed a noisy flow of macro headlines. On today’s show, Dr. Damien Ng from Next Generation Research joins us to discuss the latest developments in biotech - and why he believes the outlook for the sector is finally brightening after years of underperformance.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:38) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:01) - A pivotal year for biotechnology: Damien Ng, Next Generation Research (11:12) - Closing remarks: Bernadette Anderko, Product & Investment Content 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.

The story that started with Oracle in the middle of last week continued with Broadcom on Friday. Despite its earnings and guidance actually breezing past expectations, the company's stock had lost 11% by the end of the day, and this filtered through to other tech names in both the US and Europe. Asia is also lower this morning with China in particular delivering some disappointing growth data. Nevertheless, gold and silver continue to climb and on today’s podcast our Head of Technical Analysis, Mensur Pocinci, weighs in with the technical view on whether the rally can continue. He also explains why he believes that most investors are underestimating how weak the US dollar is as we head towards year end. 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.

Equities rallied broadly following the Federal Reserve’s post-rate-cut communication, though big tech underperformed amid concerns over valuations and leverage. At the same time, precious and industrial metals regained investor attention as the US dollar weakened and expectations for Chinese stimulus grew. Today, we’re joined by Tim Gagie, Head of FX Advisory in Geneva, who shares his insights on the recent dynamics in currency and metal markets.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:08) - FX and metals update: Tim Gagie, Head of FX/PM PB Geneva (10:41) - Closing remarks: Helen Freer, Product & Investment Content 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.

The US Federal Reserve cuts rates to 3.5%–3.75% but three dissenting members signal deepening divisions. It surprises with a new bond buying programme to start in the coming days. US small caps moved to an all-time high, US Treasury yields dipped, and the USD fell. Yet, Oracle’s outlook and additional financing needs are unsettling investors. Nasdaq futures and Asian technology stocks are lower. In Japan, strong demand at a 20-year bond auction eases yield pressures. With a record high in silver and gold close to its recent highs, Carsten Menke, Head of Next Generation Research, delivers our outlook on the two metals following the Fed decision.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:56) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:21) - Gold and silver: Carsten Menke, Head of Next Generation Research (11:05) - Closing remarks: Helen Freer, Product & Investment Content 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.