Moving Markets: Daily News

May 07 2024 15

Moving Markets: Daily News Podcast artwork

Moving Markets is a daily market news briefing from Julius Baer. Our experts discuss the latest market developments and put the headlines in perspective to set you up for the coming day. 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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Markets ride a wave of optimism

May 07 2024 10 mins

Global equity markets are rallying further as investors continue to revise their Fed policy bets after last week’s softer US jobs data. Asian stocks are hitting 15-month highs on renewed confidence in US interest rate cuts, while encouraging PMI data shows further evidence that the eurozone economy is healing. And as Bitcoin shows renewed strength, Manuel Villegas, Next Generatio

A goldilocks jobs report?

May 05 2024 12 mins

Fed Chair Powell’s ‘No hike’ message and weaker-than-expected labour market data was the perfect combination for a strong end to the week for financial markets. Off the back of this, equity markets continued their uptrend after a difficult start to the month. And Chinese equities joined other regions in entering bull market territory. Mensur Pocinci, Head of Technical Analysi

Earnings still a key market driver

May 02 2024 12 mins

Swiss inflation data yesterday showed that the Swiss National Bank is in a comfortable position compared to its peers, but Swiss equity markets are clearly underperforming year-to-date. Strong earnings reports lifted US equities while markets also breathed a sigh of relief that the Fed meeting was less hawkish than feared. Oil and gold are both higher this morning as investors turn

Fed hold underscores higher-for-longer narrative

May 01 2024 11 mins

After the US Fed announced a hold in interest rates as expected, Fed chair Powell said that fighting inflation was taking longer than expected but he poured cold water on speculation that the central bank’s next move would be to raise rates. Carsten Menke, Head of Next Generation Research, discusses the recent spike in the price of gold and assesses the impact of Chinese demand a

A surprisingly good US earnings season

Apr 29 2024 15 mins

German inflation accelerated for the first time since December, while China PMI data releases point to a slowly healing economy and Tesla's 15% gain helps the S&P 500 close slightly higher. Japanese stocks are gaining, with the focus on yesterday's currency intervention. Samsung's profits rise on AI demand for its chips, while German carmakers report a drop in profits. Manuel V

Earnings season keeps investors busy

Apr 29 2024 11 mins

Equity markets ended a volatile week on a strong note, with US markets recording their best week since November. Earnings generally boosted markets, although US inflation and activity data were worrying, and yields remained elevated. In the commodities space, M&A talks are adding some noise as miners look to increase their share of copper production. Markus Wachter from our Tec

Monetary policy and earnings in the spotlight

Apr 25 2024 10 mins

While central bankers in Europe are sending signals that monetary easing may be around the corner, the Bank of Japan left its key interest rate unchanged overnight. Meanwhile in the US, stocks tumbled after data showed a sharp slowdown in economic growth and pointed to persistent inflation. The earnings season continues to make headlines, particularly the big tech companies, whilst

Are AI-related earnings expectations impossible to meet?

Apr 25 2024 16 mins

Markets have had a challenging 24 hours, with equities flat in the US but lower in Europe as bonds sold off and disappointing revenue guidance from Meta weighed particularly on the tech sector overnight. Our Head of Economics & Next Generation Research, Norbert Rücker, talks about the energy market amid geopolitical risks, and Nicolas Jordan from the CIO office talks about the

Equities buoyed by strong corporate and economic data

Apr 23 2024 11 mins

While the earnings season remains in focus, yesterday’s release of PMI data from around the globe helped to assess the economic environment. Equity markets across the board posted positive gains as investors bought into the dip in tech stocks and a strong batch of corporate earnings eased concerns about higher interest rates. In the Asia-Pacific region, Australia reported a slowd

Investor sentiment improves as geopolitical risk fades

Apr 22 2024 9 mins

Following last week’s worst selloff in a year, US equities turned a corner yesterday as the risks of a Middle East escalation appeared to ease. Investor sentiment was decidedly more risk-on as this week’s corporate earnings and economic data shifted into focus. Dario Messi, Fixed Income Strategy, discusses the impact of geopolitics on bond markets and talks about emerging marke