Moving Markets: Daily News

Markets continue to gyrate around the latest headlines on the Middle East conflict. Early weakness yesterday – driven by doubts over the status of any US–Iran negotiations – gave way to renewed optimism overnight and into Asian trading this morning, as the US outlined a 15‑point plan aimed at ending the conflict. Gold stabilised, while global PMIs added to inflation concerns and highlighted weakening economic momentum. In this context, Mathieu Racheter, Head of Equity Strategy, discusses the drivers behind the recent market behaviour, why investors should remain patient, and why Swiss equities continue to serve as an effective crisis hedge.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:31) - Markets wrap-up: Jan Bopp, Product & Investment Content (05:40) - Equity market update: Mathieu Racheter, Head of Equity Strategy Research (10:17) - 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.

Global equities staged a sharp rebound yesterday after reports of a potential de‑escalation in the Middle East conflict. Brent crude saw one of its biggest intraday swings on record, and short‑dated US Treasury yields dropped sharply. Asian markets also retraced some of their steep losses from the previous session. In today's episode, we're joined by Carsten Menke, Head of Next Generation Research, who shares why he remains constructive on the Buildings & Infrastructure theme in Germany.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:35) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:02) - Germany's infrastructure spending: Carsten Menke, Head of Next Generation Research (09:48) - 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.

Equity markets in Asia have followed their US peers lower this morning after President's Trump's 48-hour ultimatum to Iran to reopen the Strait of Hormuz was issued on Saturday evening. Iran's Revolutionary Guards have responded that the Strait will remain closed until their power plants are rebuilt. They also warned that if Washington carries out its threat to obliterate their power plants, they will target energy anddesalination facilities in the Gulf. US Treasury bonds continue to see their prices fall, gold and silver are lower, and oil is trading on every headline. Our Chief Economist, David Kohl, joins today's podcast to wrap up last week's key central bank decisions and provide his assessment of how they are tackling the increasing threat of inflation. Meanwhile, Mensur Pocinci, Head of Technical Analysis, provides his insights into the correction in equity markets, and also where he sees risk appetite remaining intact. Tune in for the details!(00:00) - Introduction: Helen Freer, Product & Investment Content (00:35) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (05:37) - Central bank meetings: David Kohl, Chief Economist (11:36) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (14:21) - 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.

With geopolitical tensions in the Middle East driving a new wave of uncertainty, investors are watching central bank decisions and accompanying statements very closely. How are policymakers responding, and what does this mean for fixed income positioning?In this episode of The View Beyond, Bernadette Anderko is joined by Dario Messi, Julius Baer's Head of Fixed Income Research, to discuss the week's mammoth round of central bank meetings. The conversation explores how recent geopolitical developments are shaping inflation expectations, and the challenges that these pose for central banks. Dario shares his perspective on why a hawkish tone from policy makers is justified but may not necessarily translate into actual policy tightening. He also offers his insights for fixed income investors navigating the current environment.(00:00) - Introduction (01:13) - Takeaways from the Fed's decision (02:42) - Swiss National Bank and European Central Bank (03:57) - Has the rate-cut narrative been derailed? (06:40) - Will sounding hawkish translate into being hawkish? (08:06) - Implications for bond markets and yield curves (09:33) - Fixed income scenarios (11:05) - Closing remarks and legal disclaimer 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. 

Equity markets turned choppy heading into the weekend, while oil prices cooled as investors weighed efforts by the US and Israel to ease concerns over the Iran war. Anxieties over hawkish central bank policies and upward pressure on rates also weighed on sentiment. However, the market continues to be very sensitive to any signs of potential de-escalation. Thomas Caflisch, Head of FX Sales Switzerland, talks about gold and the impact of the oil price on currency markets and the US dollar in particular.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Jan Bopp, Product & Investment Content (05:50) - FX & metals update: Thomas Caflisch, Head of FX/PM Solutions (10:49) - 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.

Equity markets are sliding and bond yields are climbing as oil and gas prices surge amid a new wave of escalation in the Middle East. At the same time, central bankers are holding their breath as inflation expectations edge higher. In today's episode, we welcome Norbert Rücker, Head of Economics and Next Generation Research, and Carsten Menke, Head of Next Generation Research, who share their latest insights on the future trajectory of energy and precious metals prices.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:34) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:46) - Energy markets: Norbert Rücker, Head of Economics & Next Generation Research (11:29) - Precious Metals: Carsten Menke, Head of Next Generation Research (14:57) - 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.

Global markets held up yesterday despite rising oil prices and escalating tensions in Iran, with European and US equities closing higher. Asian markets rallied strongly overnight, led by South Korea and Japan. More broadly though, investors remain cautious as sentiment cools in Europe and central banks prepare for key policy decisions. Today we're joined by Afonso Borges, Fixed Income Research Analyst, to discuss this week's monetary policy decisions, and Mathieu Racheter, Head of Equity Strategy Research, who brings us the latest on Swiss equities.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:36) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (07:12) - Bond market update: Afonso Borges, Fixed Income Research (10:39) - Equity market update - Switzerland: Mathieu Racheter, Head of Equity Strategy Research (14:41) - 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.

Markets rebounded on Monday as declining oil prices during the day briefly eased inflation concerns, supported by IEA oil supply assurances and US comments on shipping through the Strait of Hormuz. European and US equities advanced, led by artificial‑intelligence names, with Nvidia in focus after its major product event. Australia's central bank raised rates by 25 basis points. In Asia, markets flattened as oil prices climbed again amid Middle East tensions, and President Trump postponed his trip to China because of the Iran war, driving European equity futures into the red prior to open. Damien Ng from Next Generation Research discusses renewed investor and large‑cap pharma interest in biotechnology, with a focus on Genomics.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:55) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:44) - Emerging investment opportunities in gene testing and immunotherapy: Damien Ng, Next Generation Research (13:07) - 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.

US markets closed lower on the day, and the week, on Friday but the S&P 500 is still only 5% off its all-time high. The US military struck Iran's Kharg Island on Friday but as yet they have not targeted the oil infrastructure. President Trump is now calling for a coalition of countries to send ships to help escort cargo through the Strait of Hormuz, sending oil prices a little lower again. China and Hong Kong's equities have rallied this morning as have South Korea's, and futures point to a positive start to a central bank ‘super week'. Mensur Pocinci, Head of Technical Analysis, explains why 200-day moving averages are a key factor to watch in attempting to determine where markets might go from here, but at the same time it is important to focus on market breadth. Tune in to hear more.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:42) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (05:28) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (09:18) - 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.

As the conflict in Iran continues to drive oil prices higher and unsettle global markets, investors are assessing the implications for Asia and China. Meanwhile in Beijing, the annual Two Sessions meetings have just concluded, outlining policy priorities and economic targets for the year ahead.In this episode of Moving Markets: The View Beyond, Richard Tang, Head of Research Hong Kong at Julius Baer, speaks with Hong Hao, Managing Partner and CIO of Lotus Asset Management. They discuss how geopolitical tensions are affecting Asian markets, their key takeaways from the Two Sessions, the outlook for Hong Kong versus A-shares, and the case for renminbi appreciation. Looking further ahead, they also examine the lessons from Japan's balance sheet recession framework for China.(00:00) - Can Asia and China markets weather the storm? (03:14) - Hong Kong markets vs A-shares (07:40) - Key takeaways from Two Sessions (11:19) - Is the RMB appreciation trend set to continue? (16:08) - Lessons from Japan's balance sheet recession framework for China

Global markets endured another turbulent session as escalating tensions in the Middle East, including aggressive rhetoric from both Iran and the United States, drove oil prices higher and fuelled risk aversion. European and US equities extended their declines, with energy stocks bucking the trend. Strong US macro data contrasted with the geopolitical gloom, but new US trade investigations under Section 301 added to uncertainty. Private credit concerns also intensified, weighing heavily on major alternative asset managers. Asian markets traded lower overnight, gold slipped despite its safe‑haven appeal, and investors now turn their attention to a packed economic data agenda. Joining our show today is Tim Gagie, Head of FX Advisory in Geneva, for the latest on currencies and metals.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (06:28) - FX & 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.

Tuesday's rally in European stocks proved short‑lived as surging oil prices and renewed concerns over potential rate hikes unsettled investors. In contrast, US markets were more composed yesterday, with the tech‑heavy Nasdaq even managing to post a modest gain. Asian markets are trading lower today after Brent crude climbed above USD 100 a barrel amid fresh geopolitical escalations. In today's episode, we are joined by Carsten Menke, Head of Next Generation Research, who shares his insights on aluminium and the potential disruption shaping the outlook for the market.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:50) - Aluminium update: Carsten Menke, Head of Next Generation Research (10:32) - 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.

Markets reacted to volatile geopolitics as hopes of a swift resolution in the Iran crisis clashed with heightened military tensions. Strong gains in European equities and a sharp drop in oil prices highlighted a session defined by fragile optimism. With central banks watching inflation and safe havens like gold and the Swiss franc holding firm, uncertainty remains. Dario Messi, Head of Fixed Income Research at Julius Baer, and Mathieu Racheter, Head of Julius Baer's Equity Strategy Research team, discuss how recent geopolitical developments are shaping global bond and equity markets and how investors can navigate markets amid the fog of war.(00:00) - Introduction: Lucija Caculovic, Product & Investment Content (00:41) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:06) - Fixed income market update: Dario Messi, Head of Fixed Income Research (10:25) - Equity market update: Mathieu Racheter, Head of Equity Strategy Research (15:36) - Closing remarks: Lucija Caculovic, 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.

Brent oil saw historic intraday swings yesterday, surging on supply fears before dropping sharply as the G7 discussed releasing reserves and the US president signalled the war could soon end. This shift helped European markets rebound from their lows and lifted US equities as safe‑haven flows unwound. Asian markets followed Wall Street higher, supported by strong corporate results and robust Chinese export data. Japan's Q4 GDP beat expectations, although household spending weakened. Norbert Rücker, Head of Economics and Next Generation Research, shares his timely view on the oil price spike and what likely comes next.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:28) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:27) - Latest developments in oil: Norbert Rücker, Head of Economics & Next Generation Research (10:46) - 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.

This morning, Iran named Mojtaba Khamanei, the man President Trump said would be unacceptable in the post, as its new leader. The immediate market reaction was a spike in the price of Brent crude oil to nearly USD120 per barrel, and a pronounced selloff in Asian stock markets. These moves have since reversed somewhat after the Financial Times wrote that G7 leaders will have talks with the International Energy Agency today regarding a possible release of energy reserves. Richard Tang, Head of Research Hong Kong explains why positioning is driving Asian equity markets more than fundamentals right now, and looks beyond the fog of war to identify attractive Asian equity sectors. And Mensur Pocinci, Head of Technical Analysis focuses on what the charts reveal when it comes to the price of oil and the trajectory of US equity markets.(00:00) - Introduction: Jan Bopp, Product & Investment Content (01:18) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:17) - Asia update: Richard Tang, Head of Research Hong Kong (11:27) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (15:13) - Closing remarks: Jan Bopp, 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 recent US and Israel strike on Iran has introduced a new layer of uncertainty to global markets, with investors closely monitoring the implications for oil & gas, and portfolios overall. How should investors interpret these developments and position themselves amid heightened geopolitical risk?In this episode of Moving Markets: The View Beyond, Ayako Lehmann is joined by Norbert Rücker, Head of Economics and Next Generation Research, and Yves Klenk, Head of Client Coverage and Advisory, to discuss the market impact of the Middle East escalation. The conversation covers the immediate effects on oil and gas prices, the scenarios investors should consider, and how clients are responding to volatility across asset classes. The discussion also explores the role of gold, the importance of strategic asset allocation, and why infrastructure and alternatives are gaining traction as diversifiers in uncertain times.(00:00) - Introduction (00:48) - Assessing the current situation in the Middle East (01:31) - Client reactions and portfolio positioning (02:31) - Market responses: commodities and oil price dynamics (03:31) - Key scenarios for oil and gas markets (05:17) - The impact of shipping and insurance costs (05:56) - Oil price outlook and investor implications (07:01) - Broader market effects: equities and fixed income (08:16) - Gold's performance as a diversifier (11:24) - Scenario analysis: prolonged conflict and market consequences (12:39) - Harnessing volatility and portfolio strategies (13:27) - Investment topics for the long-term (15:25) - The enduring importance of strategic asset allocation (16:32) - Closing remarks and legal disclaimer 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.

Global markets saw another volatile session as escalating Middle East tensions drove oil prices sharply higher and dampened risk appetite. Equities fell across the US and Europe, and US bond yields moved higher as investors reassessed the outlook for Federal Reserve rate cuts. In tech, potential new US restrictions on AI chip exports weighed on sentiment, though software stocks bucked the trend with a notable rebound. Asian markets were mixed overnight. Joining our show today is Tim Gagie, Head of FX Advisory in Geneva, for the latest on currencies and metals.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:31) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (07:02) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (11:10) - 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.

US and European equities rebounded yesterday as the absence of another energy spike supported sentiment. Strong US job gains and a firm ISM services reading eased growth concerns, reduced expectations for a July rate cut, and lifted major indices, with technology leading. The US dollar held firm, investors are positioned for a weaker euro, and Swiss franc strength triggered a second round of SNB verbal intervention. Bitcoin surged, China set a cautious growth target, and Asian markets – especially South Korea – rebounded sharply after steep losses. Norbert Rücker, Head of Economics & Next Generation Research, provides a timely update on the oil and gas markets following the near‑halt in activity through the Strait of Hormuz.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:12) - Oil and gas update: Norbert Rücker, Head of Economics & Next Generation Research (12:14) - 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.

US and European stock markets fell further yesterday although some relief was provided by Trump's promise to accompany vessels through the Strait of Hormuz.  Both oil and the US dollar strengthened, but gold and silver fell, and overnight Asia's stock markets suffered a bruising session with the Kospi falling more in one day than it has since 2001. Joining the show today are our research team heads of Equity Strategy, Mathieu Racheter, and Fixed Income, Dario Messi, to provide some context on the recent moves in global equity markets and US Treasuries, as well as some suggestions on how to position portfolios in the current situation.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:38) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:08) - Bond market update: Dario Messi, Head of Fixed Income Research (09:31) - Equity market update: Mathieu Racheter, Head of Equity Strategy Research (13:11) - 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.

While European markets tumbled amid the escalating conflict in the Middle East, US equities held up surprisingly well. Both the Nasdaq and the S&P 500 managed to post modest gains, supported largely by strength in the technology sector. This morning, however, oil prices have climbed further as tensions continue to rise, and Asian markets are deep in negative territory. Today, we are joined by Carsten Menke, Head of Next Generation Research, who puts the latest moves in precious metals into perspective.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:38) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:33) - The impact of geopolitics on precious metals: Carsten Menke, Head of Next Generation Research (11:10) - 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.

Geopolitical tensions in the Middle East have escalated over the weekend, with coordinated strikes by the US and Israel targeting Iranian facilities and leadership. In response, Iran has launched retaliatory strikes across the Gulf region. The surge in hostilities has placed global markets under heightened scrutiny. Equity indices are trading lower, while safe-haven assets - including the Swiss franc and gold - are seeing increased demand. Oil prices have spiked overnight, driven by fears of potential supply disruptions in one of the world's most critical energy regions. In this episode, Norbert Rücker, Head of Economics and Next Generation Research, provides timely analysis on the evolving geopolitical landscape and its implications for global investors. He is joined by Mensur Pocinci, Head of Technical Analysis, who outlines key technical support levels for equity markets and shares his outlook for oil and precious metals.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:41) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:26) - Middle East situation: Norbert Rücker, Head of Economics and Next Generation Research (10:18) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (12:13) - 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 recent US Supreme Court decision on tariffs has shifted the landscape for investors, replacing a patchwork of country-specific measures with a temporary universal tariff. What does this mean for markets overall, different countries and sectors, the US dollar and fixed income?In this episode of Julius Baer's Moving Markets – The View Beyond podcast, Helen Freer is joined by Christian Gattiker, Head of Research, to discuss the implications of the Supreme Court's ruling against the tariffs implemented under the International Emergency Economic Powers Act last year. The conversation covers the short-term reduction in uncertainty, the winners and losers among countries and sectors, the impact on corporate earnings, and the unresolved question of tariff refunds. Christian Gattiker also shares insights on the muted reaction of the US dollar, the outlook for fixed income, and the key takeaways for investors as US trade policy enters a new phase.(00:00) - Introduction (00:42) - What the decision means for investors in the short term (01:28) - The temporary universal tariff (02:06) - Winners and losers by country and sector (03:32) - Ongoing uncertainty and the medium-term outlook (04:12) - Will there be an impact on corporate earnings? (04:47) - The unresolved issue of tariff refunds (05:31) - The US dollar reaction and outlook (06:22) - Fixed income perspective: uncertainty, fiscal effects, and inflation (07:32) - Key takeaways (07:59) - Closing remarks and legal disclaimer 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.

Major stock indices ended mostly lower after a two‑day rally. In the US, the Information Technology sector fell nearly 2%, weighed down by a 5.5% drop in Nvidia shares. In contrast, the equally weighted S&P 500 gained 0.6%. Treasury prices and gold edged higher as investors sought safe‑haven assets following the conclusion of US - Iran talks, which ended without any tangible progress. Today, we are joined by Thomas Caflisch, Head of FX Sales Switzerland, who shares his views on precious metals and alternatives for those looking to diversify beyond the US dollar.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (05:40) - FX & Metals markets update: Thomas Caflisch, Head of FX Sales Switzerland (08:36) - 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.

Nvidia delivered results yesterday that beat analysts' expectations but failed to cause more than a brief rally in extended trading. Nevertheless, US indices ended the day higher, with the Nasdaq Composite closing up 1.26%, and Asia's tech-biased indices following suit. The Nikkei 225 breached 59,000 for the first time as the Takaichi trade continued.  Elsewhere investors await further tariff announcements from the US in the coming days. Norbert Rücker, Head of Economics and Next Generation Research, joins today's show to explain why, despite rising geopolitical tensions, he believes that the trajectory for both oil and European natural gas prices will be down as we head towards the summer.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:42) - Energy update: Norbert Rücker, Head of Economics & Next Generation Research (11:49) - 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.

US stocks rebounded yesterday led by technology shares after AI developments announced by Meta and Anthropic. Strong US economic data lifted the broader market and boosted small caps. In Europe, autos rose on lower‑than‑expected US tariffs, while banks fell. Taiwan and South Korea climbed on AI optimism, and Japan advanced after the Prime Minister nominated two reflation‑focused academics to the Bank of Japan's policy board, fuelling expectations of slow rate increases and keeping the yen weak. Precious metals strengthened with gold and silver rising on geopolitical tensions, China's market return, and continued safe-haven demand. Dario Messi, Head of Fixed Income Strategy Research, explains why artificial intelligence could initially support bonds.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:02) - Bond market update: Dario Messi, Head of Fixed Income Research (10:38) - 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.

Global markets were on edge yesterday as President Trump's newly announced 15% global tariff triggered a sharp European response and fresh trade uncertainty. Equity markets across both Europe and the US struggled, with tech stocks hit particularly hard amid renewed concerns about AI disruption in the software sector. Defensive names, meanwhile, benefited from the flight to safety, alongside a strong move in gold. Asian markets painted a mixed picture. On today's show, we are joined by Next Generation research analyst Damien Ng who shares an update on the implications of the emerging Alzheimer's blood test and what it means for the genomics space.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:34) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (06:17) - Alzheimer's blood test impact on Genomics: Damien Ng, Next Generation Research (11:25) - 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 US Supreme Court struck down President Donald Trump's global tariffs last week, dealing a blow to his administration's centrepiece trade policy. The administration quickly signalled that it would pursue 10%, then 15% global tariffs. While equity markets rallied on Friday, risk sentiment has been dampened this morning as uncertainty about trade policy returns. Mensur Pocinci, Head of Technical Analysis, takes a step back from the limited geopolitical visibility and looks at what the charts on Treasury yields, the US dollar, and precious metals say. A fast, lively breakdown of what's moving markets — tune in!(00:00) - Introduction: Helen Freer, Product & Investment Content (00:57) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:28) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (08:37) - 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.

How sustainable is the narrow leadership of US equity markets? With aggressive AI-related capex plans raising concerns about long-term returns, investors have been reassessing concentrated positions in US mega cap technology and turning their attention elsewhere. What should be in focus as they look to broaden their portfolios?In this edition of Moving Markets – The View Beyond, Bernadette Anderko is joined by Nenad Dinic, one of Julius Baer's equity strategists, to discuss the drivers behind the current equity market rotation. They explore the broadening of market leadership beyond the AI-linked hyperscalers, the implications of massive capital expenditure plans, and the importance of selectivity within software and IT. The conversation also covers renewed investor interest in non-US equities, with a focus on Europe, Switzerland, Japan, and emerging markets, as well as sector preferences for healthcare, financials, and miners. Nenad shares why diversification is more critical than ever as investors position for the next phase of the cycle.(00:00) - Introduction (01:07) - Factors behind the improvement in market breadth (03:35) - How AI is reshaping equity leadership   (05:45) - Is the software selloff overdone?   (08:12) - Diversification beyond US equities: Flows and drivers   (09:20) - Regions benefiting from the broadening (12:04) - Healthcare, financials, and miners   (13:58) - Key takeaways (14:27) - Closing remarks and legal disclaimer 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.

US and European equity markets fell yesterday following President Trump's announcement that Iran has 10-15 days to reach a deal over its nuclear programme. This pushed oil prices up over USD 72/ barrel this morning. On the bright side, Indian and South Korean equity markets climbed today. US Futures are also higher ahead of key US data due out today, and the possibility of the announcement of the highly anticipated Supreme Court decision on the legality of Trump's tariffs under the International Emergency Economic Powers Act. Fixed Income Research analyst Afonso Borges discusses expectations around the data and the court ruling as well as unpacking this week's Fed minutes.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:31) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (05:58) - Bond market update: Afonso Borges, Fixed Income Research (10:53) - 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 stocks climbed to new highs as investors responded positively to solid corporate earnings. Meanwhile, the latest Federal Reserve minutes revealed a divided stance among US monetary policymakers. In Asia, South Korea's Kospi index - often seen as a bellwether for AI-related trades - surged to a fresh record amid easing concerns over AI‑driven disruption. In today's episode, Carsten Menke, Head of Next Generation Research, discusses the emerging winners and losers as agentic AI reshapes the software sector.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (05:55) - AI and software: Carsten Menke, Head of Next Generation Research (09:50) - 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.

As US markets returned from the holiday, volatility re-emerged across AI-linked equities. Europe showed resilience but commodities fell on easing geopolitics. In precious metals, volatility remains elevated due to thin trading during Asian hours amid the Lunar New Year holiday. Tim Gagie, Head of FX Advisory in Geneva, talks about what that means for gold and silver going forward and why dips in AUD and NZD are looking like an opportunity. A fast, lively breakdown of what's moving markets – tune in!(00:00) - Introduction: Lucija Caculovic, Product & Investment Content (00:34) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:00) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (10:21) - Closing remarks: Lucija Caculovic, 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.

With US markets closed for Presidents' Day and much of Asia shut for Lunar New Year, trading was thin yesterday and overnight, yet European equities still managed to edge higher. Swiss GDP data showed a slight rebound in Q4, although overall growth for 2025 remained below the historical average. Geopolitical developments also shaped sentiment, as investors digested the outcomes of the Munich Security Conference. Meanwhile, talks between Ukraine and Russia, as well as between Iran and the US, are taking place in Geneva today — highlighting how global politics continues to steer markets and keeping oil and gold firmly in the spotlight. On today's show, we were also joined by Manuel Villegas from Next Generation for an update on the crypto world, which has had a tough start to the new year.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:31) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (06:29) - Digital Assets: Manuel Villegas, Next Generation Research (10:44) - 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.

Global equity markets are starting the week on a subdued note, with US markets closed today for President's Day. Liquidity is also thinner than usual due to the Chinese Lunar New Year holidays and carnival celebrations in parts of South America. Japanese equities are seeing some profit-taking following weaker‑than‑expected GDP data, while gold and silver are also trading lower. In today's episode, we're joined by Mensur Pocinci, Head of Technical Analysis, who shares why he remains wary on US equities.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (01:14) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:18) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (09:51) - 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.

Recent weeks have seen extreme cross‑asset volatility, with sharp unwinds hitting US and China tech stocks, precious metals and cryptocurrencies. In China, renewed concerns about regulatory scrutiny are weighing on sentiment, even as the case for a stronger renminbi continues to build.In this episode of Moving Markets: The View Beyond, Richard Tang, Head of Research Hong Kong at Julius Baer, speaks with Hong Hao, Managing Partner and CIO of Lotus Asset Management Ltd., to discuss what the market dislocations mean for investors, and how these cross-asset dynamics may shape positioning in the weeks ahead.(00:30) - The big precious metals selloff (04:04) - Cryptocurrencies – near and long-term outlook (08:13) - Industrial metals remain supported by rising strategic demand (10:36) - China tech – is it time to buy the dip? (13:55) - Defining “value” in China's rotation (15:32) - Regulatory scrutiny – how worried should investors be? (20:20) - A-shares vs H-shares in the short term? (23:03) - Renminbi strength and outlook

Markets were mixed yesterday, with European shares dragged down by weak results from Adyen, Magnum and Mercedes-Benz, despite solid updates from Siemens and Hermès. Schroders jumped on a takeover approach from Nuveen. In the US, deepening concerns over AI‑driven disruption hit tech stocks hard, pushing the ‘Magnificent Seven' lower and marking Apple's worst day since Liberation Day. Gold and silver slipped on stronger US labour data, oil fell on rising supply signals, and US housing data highlighted growing structural weakness. We're joined by Tim Gagie, Head of FX Advisory in Geneva, for the latest on metals and currencies ahead of key US inflation data.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:31) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (06:45) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (10:59) - 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.

A surprisingly strong US jobs report sent yields higher – most notably at the short end of the curve – and weighed on equity index performance. Market expectations have now shifted, with traders anticipating that the Federal Reserve will hold off on further rate cuts until July. Meanwhile, European equities climbed to fresh highs on the back of robust earnings. In today's episode, Manuel Villegas from Next Generation Research joins us to share his detailed perspective on how investors should navigate the current landscape in cloud computing and artificial intelligence.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:31) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:01) - Cloud Computing & AI: Manuel Villegas, Next Generation Research (13:03) - 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.

Rising concerns about who will be disrupted next by rapid advances in artificial intelligence continue to weigh on parts of the markets. Investors are caught between solid corporate earnings and concerns about the strength of the US economy as consumer spending has finally caught up with consumer sentiment, and not in a good way. Investors' focus will remain on US data this week. Afonso Borges from Fixed Income Research talks about which data releases he will be watching closely. A fast, lively breakdown of what's moving markets — tune in!(00:00) - Introduction: Helen Freer, Product & Investment Content (00:27) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:09) - Bond market update: Afonso Borges, Fixed Income Research (11:00) - 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.

US stocks rose, with the S&P 500 near a record, led by technology and AI on renewed OpenAI momentum. Alphabet's USD bond sale drew over USD 100 billion in demand, allowing it to raise USD 20 billion and tighten pricing on its 40‑year bond. The USD weakened on reports that China's banks are advised to cut their US Treasury holdings. Europe closed higher on strong gains from UniCredit and Novo Nordisk, while Asia followed Wall Street, with regional technology at new highs and Japan hitting another record. Carsten Menke, Head of Next Generation Research, discusses the precious metals market after its record surge and subsequent pullback.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:34) - Markets wrap-up: Mike Rauber, Product & Investment Content (05:48) - Latest news on precious metals: Carsten Menke, Head of Next Generation Research (09:22) - 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.

Japan's Prime Minister Takaichi captured a historic supermajority for her Liberal Democratic Party in yesterday's election, meaning the LDP holds two-thirds or more seats in the Lower House, and giving her the scope to pursue her fiscal agenda. The Nikkei 225 rallied 5.5% today, crossing the 57,000 threshold for the first time. Other Asian markets rallied this morning following the recovery in the US indices on Friday. Nevertheless, last week marked a rotation out of Big Tech and into smaller companies and dividend growth stocks. Gold is back up above USD 5,000 after whipsawing last week. Louis Chua, Equity Research Asia, joins the podcast today to talk about the likely impact of the Takaichi victory on Japan's financial markets, and Mensur Pocinci, Head of Technical Analysis, provides his analysis of the moves in the IT sector and what the charts suggest might lie ahead.(00:00) - Introduction: Helen Freer, Product & Investment Content (01:14) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:47) - Japan elections: Louis Chua, Equity Research Asia (11:56) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (14:20) - 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 nomination of Kevin Warsh as the likely next chair of the Federal Reserve has prompted immediate market reactions and renewed debate around the future direction of US monetary policy. What should investors expect as the Fed faces new leadership?In this episode of Julius Baer's Moving Markets – The View Beyond, Ayako Lehmann is joined by David Kohl, Chief Economist, to discuss the implications of Kevin Warsh's nomination to lead the Federal Reserve. They examine market reactions, the prospects for rate cuts, the outlook for the US dollar, and the potential impact on asset classes including treasuries, fixed income, and equities. The conversation also covers the Fed's balance sheet strategy, the risk of increased volatility, and what a shift away from ample liquidity could mean for investors. Finally, they address the recent volatility in precious metals and whether the nomination will bring stability to gold and silver markets.(00:00) - Introduction (01:01) - Was Warsh's nomination a surprise? (01:39) - Hawkish or dovish: What does Warsh's stance mean for the Fed? (03:20) - Expected rate trajectory and implications for monetary policy (05:19) - Data dependence and the Fed's decision-making process (06:22) - Do we expect the US dollar to weaken further as a result? (09:59) - Will Warsh's nomination affect the Fed's balance sheet? (12:07) - No further quantitative easing underr Kevin Warsh? (13:33) - What is the potential impact on financial markets? (15:11) - The new outlook for fixed income investors (16:04) - US equities and the case for diversification (17:38) - Precious metals volatility: Will the rollercoaster end? (19:27) - Closing remarks 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 Bank of England and the European Central Bank both kept rates unchanged yesterday, signalling a cautious but data‑dependent stance even as inflation trends diverge on either side of the Channel. European equities finished broadly lower on the back of a busy earnings day, while in the US a third straight sell‑off pushed the S&P 500 into negative territory for the year. Crypto joined the risk‑off trend, while silver remained the standout story in commodities after back‑to‑back plunges and an overnight rebound that left volatility high. In corporate news, Rio Tinto and Glencore scrapped their merger discussions. Today we are joined by Richard Tang, Head of Research Hong Kong, for an update on Asian tech stocks, and by Tim Gagie, Head of FX Advisory in Geneva, for the latest on metals and currencies.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:35) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (08:30) - Asia equity update: Richard Tang, Head of Research Hong Kon (15:49) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva g (20:27) - 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.

Earnings and Big Tech remain in focus, with Alphabet beating Wall Street's expectations but causing some investors to take flight in the wake of projected capex spending. The rotation out of tech stocks continued on Wednesday - the Nasdaq Composite dropped 1.5%. China's Hong Kong-listed technology stocks slid overnight with the Hang Seng Tech Index now 20% below its October peak. The threat of VAT increases being imposed on internet platforms exacerbated the move. The ECB and the Bank of England are both expected to keep rates on hold today. With investors hypnotised by swings in gold and silver prices this year, it's easy to lose sight of oil and natural gas markets.  In light of the current geopolitical tensions impacting these markets, Norbert Rücker, Head of Economics and Next Generation Research joins the podcast to put things in perspective.(00:00) - Introduction: Roman Canziani, Head of Product & Investment Content (00:38) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (05:58) - Oil and Gas: Norbert Rücker, Head of Macro & Next Generation Research (12:01) - Closing remarks: Roman Canziani, Head of 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 rotation out of technology stocks continued, with software shares selling off on AI‑disruption concerns, while cyclical stocks outperformed. WalMart reached a USD 1 trillion market‑cap milestone. German long‑dated yields hit their highest level since 2011 as heavy issuance lifted supply. Precious metals remain volatile but rebounded sharply, while Brent oil rises on Middle East tensions. In earnings, Novo Nordisk expects sales to fall this year due to pricing pressure. Afonso Borges from Fixed Income Research outlines developments in the US fixed income market and our Overweight stance on duration. Nenad Dinic from Equity Strategy provides an update on the earnings season and the outperformance of emerging‑market equities this year.(00:00) - Introduction: Jan Bopp, Product & Investment Content (00:51) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:08) - Update on US Federal Reserve: Afonso Borges, Fixed Income Research (11:48) - Earnings season and EM update: Nenad Dinic, Equity Strategy Research (18:34) - Closing remarks: Jan Bopp, 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.

After a deep slump at the open, market sentiment turned and equity markets swung sharply into positive territory, while precious metals — which had been under intense pressure — began to claw back recent losses in the hours that followed. In the US, tech favourite Palantir impressed after the close with stronger than expected results. And looking ahead, Carsten Menke, Head of Next Generation, shares his perspective on what the recent volatility means for precious metals and the path forward.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (05:13) - Making sense of the precious metals sell-off: Carsten Menke, Head of Next Generation Research (09:48) - 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.

Gold and silver plummeted in a historic sell-off amid volatility and margin calls, triggered by speculation of a hawkish Fed chief pick. Markets reel as global equities tumble this morning, while investors brace for key earnings and central bank decisions in a turbulent start to February. Our Chief Economist David Kohl shares his view on what to expect from a Warsh-led Fed. And Mensur Pocinci, Head of Technical Analysis, explains why the long-term trend in precious metals is still positive after the crash.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:31) - Markets wrap-up: Jan Bopp, Product & Investment Content (05:23) - New Fed Chair: David Kohl, Chief Economist (09:39) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (12:36) - 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.

US equities were mixed yesterday, with investors rotating out of technology as Microsoft dropped sharply while Meta jumped. In Europe, SAP's steep fall weighed on the DAX, while the Swiss market outperformed. Precious metals are experiencing extreme volatility after record highs, energy prices are rising amid escalating Middle East tensions, while markets also price in the growing likelihood that Kevin Warsh will become the next chairman of the US Federal Reserve. Tim Gagie, Head of FX Advisory Geneva, explains what to watch in an environment of historic precious‑metal volatility and dollar weakness.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:24) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:41) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (10:56) - 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 left rates unchanged and struck a data‑dependent tone, even as political pressure around the central bank intensifies. The S&P 500 briefly crossed 7,000 before paring gains, tech earnings from Meta, Microsoft and Tesla sent mixed signals after the close, and European markets fell on volatile moves in ASML and LVMH. The US dollar rebounded on comments from Treasury Secretary Bessent, while geopolitical tensions pushed oil higher and gold surged above USD 5,500 as silver and copper also reached record highs. Today we are joined by Carsten Menke, Head of Next Generation Research, for a timely update on precious metals and why fundamental analysis cannot explain the most recent moves upwards.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:27) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (06:31) - Precious metals: Carsten Menke, Head of Next Generation Research (10:56) - 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.

A whirlwind week in global markets — and it's only Wednesday. The dollar plunges, the Swiss franc hits multi‑year highs, and gold and silver seem unstoppable. Equity markets touch new records as investors brace for mega‑cap tech earnings and the Fed's rate decision after market close today. Dario Messi, Head of Fixed Income Research, explains what he expects from the US central bank. A fast, lively breakdown of what's moving markets — tune in!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.

After a remarkable 2025, gold and silver have surged to new highs in early 2026, driven by a complex mix of geopolitical developments and speculative flows. What is fuelling this rally, can it continue, and how should investors position themselves in these volatile markets?In this episode of Moving Markets – The View Beyond, Bernadette Anderko is joined by Julius Baer's Carsten Menke, Head of Next Generation Research, and Christopher Irwin, Head of FX and Precious Metals Trading, to dissect the forces behind the explosive moves in gold and silver. The discussion covers the impact of US political dynamics, the role of central bank and ETF flows, the unique characteristics of the silver market, and the macro factors investors should monitor. The episode concludes with practical guidance for managing risk and navigating heightened volatility in precious metals.(00:00) - Introduction (01:26) - Key catalysts behind the gold and silver rally (03:12) - Trading flows, speculative positioning, and physical demand (04:25) - The role of the Shanghai Futures Exchange and silver market dynamics (04:58) - Silver – currency or commodity? (07:00) - Geopolitics and the persistence of the rally (08:43) - Erosion of confidence in US assets and implications for gold and silver (09:06) - Silver's acceleration and trading behaviour (10:35) - Fundamental differences between gold and silver (11:59) - Macro factors to watch: interest rates, inflation, and the US dollar (13:09) - What investors should focus on now – gold (14:10) - What investors should focus on now – silver (15:02) - Key takeaways from trading (16:00) - Closing remarks 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.

Markets opened the week with a weaker US dollar and sharp gains in gold and silver. Precious metals broke key levels, with gold rising as high USD 5,100 and silver to over USD 112 an ounce. Equities and bonds were relatively calm, but global stocks are still near record highs. China's annual industrial profits rose for the first time since 2021 and India and the EU announce a trade deal. Energy prices are being supported by cold weather in the US and geopolitics. Manuel Villegas from Next Generation Research discusses stablecoins and the broader crypto backdrop.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:31) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:43) - Digital assets in the wake of the gold rally: Manuel Villegas, Next Generation Research (12:03) - 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.

Silver sailed past USD 100 on Friday and has topped 107.50 in Asia this morning. Meanwhile, gold has broken through the USD 5,000 mark. There's a lot of focus on USD/JPY and a possible US government shutdown is also now on the cards. Along with the twists and turns of geopolitics, markets now face a dense run of central bank decisions and one of the busiest earnings weeks of the year. Our analysts expect a test of conviction as markets navigate policy, growth, and profits simultaneously. Mensur Pocinci, Head of Technical Analysis, provides more colour on the moves in precious metals and the backdrop of the USD, setting out the case for how he believes investors should best position themselves in the current environment.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:45) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:49) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (09:28) - 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.