Moving Markets: Daily News

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.

China's markets are off to a strong start in 2026, raising renewed comparisons to the 2015 boom‑and‑bust just as global tensions escalate — from dramatic US moves over Greenland to a surge in gold prices and a weakening dollar. With capital rotating out of U.S. assets and liquidity patterns shifting across Asia, does today's rally carry familiar risks, or does it mark the start of a very different cycle? 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 examine these cross‑currents: the resilience of A‑shares, the wave of Hong Kong tech IPOs, and why rising margin financing today is not a replay of 2015. They also highlight the key themes shaping 2026, including precious metals, AI‑linked industries, and high‑dividend opportunities. This episode was recorded on 21 January 2026.(00:24) - Initial reactions to the Greenland crisis (02:39) - Implications on gold, US dollar, and global assets (07:36) - China's rising margin financing balances, and the paradox of a “slow bull market” (12:55) - Hong Kong IPO glut: liquidity drain or healthy market growth? (17:05) - China's economic cycle vs. valuations (21:16) - Key sector themes for 2026

Global risk sentiment improved as geopolitical tensions eased, diplomatic efforts advanced, and resilient US data lifted equities while pushing volatility and high-yield credit spreads to their lowest since 2007. European stocks played catch‑up, supported by their cyclical exposure and positive company‑specific news. The US dollar has weakened sharply this week, boosting risk‑sensitive currencies. Commodities are surging, with gold and silver extending their historic rallies on strong momentum and a weaker dollar. The Bank of Japan kept rates unchanged but struck a hawkish tone. Tim Gagie, Head of FX Advisory Geneva, discusses the historic rally in precious metals and investor positioning given the weak USD.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:24) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:08) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (10:33) - 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.

President Trump castigated European leaders over their response to his Greenland takeover attempt during his speech at the WEF in Davos yesterday but did step back from suggesting the use of military force. Equity markets rallied in response. They were given further positive momentum by a later post from the president which claimed that a framework of a future deal with respect to Greenland had been agreed with NATO and that tariff threats against Europe were off the agenda. Equity markets globally are mostly higher today and safe-haven assets have slipped. Norbert Rücker, Head of Economics and Next Generation Research, joins the podcast today to talk about Natural Gas - a sector that has not only seen a surge in prices of late, both in Europe and the US, but which also could be another bargaining tool for President Trump.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:31) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (05:55) - Natural gas and the Greenland commodities story: Norbert Rücker, Head of Economics & Next Generation Research (11:30) - 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 continue to de-risk and the “Sell America” narrative gains traction as geopolitical tensions over Greenland spook investors, triggering an equity sell-off, a weaker dollar, and soaring precious metals. With scant data ahead, all eyes are now on President Trump's keynote speech at the World Economic Forum in Davos later today for clues on policy direction and de-escalation potential. We're joined by Dario Messi, Head of Fixed Income Research, for an update on Japanese bond markets, and Mathieu Racheter, Head of Equity Strategy Research, who shares his view on how recent geopolitical risks might impact global equity markets.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:25) - Markets wrap-up: Jan Bopp, Product & Investment Content (05:22) - Japanese government bond yields: Dario Messi, Head of Fixed Income Research (08:05) - Geopolitics disrupting equity markets: Mathieu Racheter, Head of Equity Strategy Research (11:38) - 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.

European equities pulled back sharply yesterday after President Trump threatened tariffs on European goods, sending trade-sensitive sectors like autos and luxury sharply lower while defence stocks bucked the trend. Bond markets also came under pressure, with global yields rising and Japan's 40-year government bond yield hitting a record high amid fiscal concerns and election uncertainty. In Asia, equity markets were mostly weaker despite fresh record highs in South Korea, while Chinese regulators moved to cool an overheating rally. Gold and silver jumped on safe-haven demand, oil edged higher, and diplomatic tensions flared further over Trump's proposed ‘Board of Peace'. We're joined by Carsten Menke, Head of Next Generation Research, for a timely update on critical minerals, with a focus on Greenland.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:34) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (07:18) - Critical minerals and the Greenland connection: Carsten Menke, Head of Next Generation Research (11:39) - 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.

President Trump's weekend announcement of new tariffs on eight European allies - linked to the US push to acquire Greenland - is set to ripple through global financial markets this week. Gold and silver have surged to fresh record highs on the news, while the US dollar has weakened. Today, we're joined by Mensur Pocinci, our Head of Technical Analysis, who continues to see significant upside potential in select US equity sectors.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:42) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (09:13) - 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.

Geopolitics is once again in the spotlight. With protests intensifying in Iran and the recent US intervention in Venezuela, many investors are questioning whether these developments will meaningfully move oil prices — or whether an already oversupplied market will simply absorb the shocks.In this episode of Moving Markets – The View Beyond, Norbert Ruecker, Head of Economics and Next Generation Research at Julius Baer, joins Ayako Lehmann to explore how these events fit into the broader global energy landscape. They also discuss the longer‑term outlook for US shale, the ongoing erosion of oil demand in advanced economies, and what all of this could mean for the crude oil market in 2026.(00:00) - Introduction and framing the geopolitical context (01:00) - Why Venezuela's regime change did not move oil markets (02:35) - The role of heavy oil from Venezuela, Canada, and Mexico (04:16) - Assessing the situation in Iran and its impact on oil supply (06:22) - Contrasting risks: supply disruption in Iran vs. long-term supply potential in Venezuela (07:44) - Other geopolitical hotspots: Ukraine, Taiwan, and global supply chains (09:49) - Can geopolitical risks meaningfully drive oil prices higher? (12:00) - The state of the U.S. shale business and its sensitivity to price (13:55) - Implications for U.S. inflation and Federal Reserve policy (15:35) - The impact of lower oil prices on Russia and the Ukraine conflict (17:23) - Lessons from previous geopolitical tensions and structural shifts in oil markets (20:01) - Closing remarks and key takeaways 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.

Semiconductor stocks stole the spotlight yesterday as record results from Taiwan Semiconductor Manufacturing Company reignited the AI trade across Europe, Wall Street, and Asia. Meanwhile, Germany recorded the first year of annual economic growth since 2022, while strong US data shifted expectations for Federal Reserve policy. Oil prices tumbled after President Trump signalled a pause in threats of military action against Iran, and gold extended losses as geopolitical tensions eased. Currency markets saw the yen strengthen on hints of possible intervention and speculation about an earlier Bank of Japan rate hike. Today's episode features Tim Gagie, Head of FX Advisory in Geneva, who shares his insights on silver, the yen, and the US dollar.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:24) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (06:34) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (10:43) - 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 average stock in the US rose yesterday, but investors shifted away from technology and bank stocks. European equities reached a new all-time high, though German stocks experienced their first decline in eleven days. Geopolitical tensions and announcements from the Trump administration led to demand for US Treasuries driving yields lower and also caused volatility in precious metals and oil, which rose initially but then declined. Weakness in US technology is affecting Asia, however, the main equity indices there remain stable. Carsten Menke, Head of Next Generation Research, discusses the factors behind silver's incredible rally, and Mathieu Racheter, Head of Equity Strategy Research, talks about why he anticipates a positive earnings season overall.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:34) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:51) - Silver: Carsten Menke, Head of Next Generation Research (11:04) - Earnings season preview: Mathieu Racheter, Head of Equity Strategy Research (14:47) - 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 struggled despite cooler-than-expected US inflation data, as mixed bank earnings, Fed independence concerns, and Iran tensions weighed on sentiment. The latter two factors boosted gold and silver to new record highs. Attention turns to the US and the prospect of possibly hearing about the Supreme Court's decision on IEEPA tariffs later today. Dario Messi, Head of Fixed Income Research, discusses the potential impact on the bond market and what it means for investors.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:34) - Bond market update: Dario Messi, Head of Fixed Income 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.

Equity markets pushed higher despite mounting geopolitical tensions, US political uncertainty, and sharp declines in some bank stocks following President Trump's proposal to cap credit card interest rates. Japanese shares surged on speculation of imminent snap elections, adding another twist to global market dynamics. And today, Manuel Villegas from Next Generation Research joins us to explore how emerging retail trading platforms are reshaping market structures and investor behaviour.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:42) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (05:41) - The Future of Finance: Manuel Villegas, Next Generation Research (10:14) - 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.

Jerome Powell has responded to the threat of criminal charges against him relating to the renovation of historic Fed buildings, stating that they are nothing to do with this and rather reflect the fact that he will not bow to political interference when it comes to matters of monetary policy. US futures and the dollar have fallen since he spoke yesterday. This comes after record closes for the Dow Jones and S&P 500 on Friday. Mensur Pocinci, Head of Technical Analysis, joins today's podcast to discuss the technical take on US equity performance as well as the continued rise of precious metals.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:31) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:36) - 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.

Defence stocks soared across the globe yesterday after US President Trump called for a bigger military budget. Meanwhile, technology shares stumbled, oil rebounded sharply, and precious metals gained ground. In Asian trading, Fast Retailing impressed with strong earnings, while Rio Tinto slipped on merger talks with Glencore. We also discuss the narrowing US trade deficit, the Fed's dovish signals, and Switzerland's muted inflation backdrop. Joining our show today is Tim Gagie, Head of FX/PM PB Geneva, with an update on metals and currencies.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:45) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (08:40) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (12:54) - 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.

Investors should prepare themselves for 2026 to be a year that rewards those who adapt early to the resets and rebalancing which are shaping the new investment landscape. So, what are the key themes?In this edition of Moving Markets - The View Beyond, Bernadette Anderko sits down with Christian Gattiker, Head of Research, and Mark Matthews, Head of Research Asia, to discuss Julius Baer's Market Outlook 2026 and why it's important not to let a single country or theme dominate portfolios. Asian equities, artificial intelligence, defensives, and European cyclical stocks all have a role to play. The conversation also covers fixed income positioning, the appeal of Australian dollar bonds, prospects for further US dollar weakness, and whether gold's remarkable run can continue.(00:00) - Introduction to speakers and topic (00:52) - Defining resetting and rebalancing (01:53) - Economic expectations for 2026 (02:46) - The opportunity set is going global (05:51) - Asian AI and tech have room to run (08:03) - Careful portfolio construction required for AI (09:07) - A balanced equity allocation advised for 2026 (09:54) - Fixed income: balancing credit exposure and duration (10:41) - Time to consider Australian dollar bonds (11:52) - Expectations for the US dollar and its alternatives (13:58) - Can the precious metals rally continue? (15:34) - Key messages to take away (16:30) - 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.

Global equity markets closed marginally lower yesterday as they weighed the US administration's moves on Venezuela and the potential for escalation regarding Greenland. Nevertheless, there were some bright spots: the Nasdaq was boosted by Alphabet, and the Kospi saw gains this morning as Samsung announced impressive Q4 earnings guidance. Defence stocks rose in Europe, but fell in the US, for different reasons. Amidst the surge in precious metals prices, Carsten Menke, Head of Next Generation Research, explains why he believes that silver prices have moved too far, too fast of late, and why investors need to distinguish between flow-driven and fundamentals-driven price moves. Tune in to find out where he sees prices going from here.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:24) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:22) - Precious metals update: Carsten Menke, Head of Next Generation Research (11:30) - 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 surged with US, European, and Asian markets reaching new highs, brushing aside geopolitical concerns. Copper and precious metals spiked on supply concerns and strong demand, while bond markets priced in more rate cuts following softer European inflation data. Still, geopolitical risks and upcoming economic data remain in focus, creating the first challenges of the year in Asian trading this morning. On today's show, Dario Messi, Head of Fixed Income Research, shares what these developments mean for the bond market, and Mathieu Racheter, Head of Equity Strategy, outlines his sector outlook for 2026.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:37) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:24) - Bond market update: Dario Messi, Head of Fixed Income Research (09:58) - Equity market sector update: Mathieu Racheter, Head of Equity Strategy Research (12:57) - 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.

Equity markets have kicked off the first full trading week of the year on a strong note, with major indices in the US and Europe reaching record highs despite persistent concerns over Venezuela and its potential geopolitical ripple effects. Gold and silver continued their breathtaking rally while government bond yields fell a little. Norbert Rücker, Head of Economics and Next Generation Research, shares his insights on the situation in Venezuela and the outlook for oil prices.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:38) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:40) - Oil price update: Norbert Rücker, Head of Economics & Next Generation Research (11:03) - 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.

Global markets surged in 2025, fuelled by economic growth, AI optimism, and central bank rate cuts, though there were sharp swings in volatility at times. Commodities diverged: oil ended lower while precious metals soared, led by gold's biggest annual gain in 46 years. 2026 started on a strong footing, driven by semiconductor stocks. Over the weekend, geopolitical tensions spiked with the arrest of Venezuela's Nicolas Maduro, lifting gold as Brent held near USD 60 amid oil supply concerns. Mensur Pocinci, Head of Technical Analysis Research, expects the USD and related assets to remain in a bear market, while precious metals are likely to continue to shine.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.

Excerpt from Beyond Markets Podcast, originally published on 25.09.2025.This episode is part of a special two-week series featuring highlights from Julius Baer's recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January.When one thinks of safe-haven currencies, the Swiss franc, Japanese yen, and US dollar typically come to mind. But with capital flows diversifying away from the US dollar, interest in alternative safe havens is increasing. The Singapore dollar, one of Asia's most stable and best-performing currencies, stands out as one such potential candidate. In this episode, we explore the unique characteristics of the Singapore dollar, its central role in Singapore's monetary policy, and how investors can position themselves to benefit from the Singapore dollar's strength.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:38) - Singapore dollar: Yaw Shin Wong, Equity Specialist and Jen-Ai Chuna, Equity Research Analyst (07:35) - 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.

Excerpt from Beyond Markets Podcast, originally published on 08.04.2025.This episode is part of a special two-week series featuring highlights from Julius Baer's recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January.In this episode of Beyond Markets we take a closer look at water. With water scarcity and extreme weather events on the increase, what do listeners need to know about water-related challenges and opportunities from both a societal and investment perspective? We are joined by Carsten Menke and Maeve Timoney from Julius Baer's Next Generation Research team to answer these questions and much more.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:38) - Water sustainability: Carsten Menke, Head of Next Generation Research, Maeve Timoney, Next Generation Analyst and Emily Rookwood, Head of Thought Leadership (09:25) - 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.

Excerpt from Beyond Markets Podcast, originally published on 13.08.2025.This episode is part of a special two-week series featuring highlights from Julius Baer's recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January.In this episode of Beyond Markets, Mark Matthews, Head of Research Asia at Julius Baer, speaks with General David H. Petraeus, Partner at KKR and former US Army General, about leadership lessons from his distinguished military career and how they translate to the corporate world. Their conversation explores recent conflicts, including the India–Pakistan skirmish, the US withdrawal from Afghanistan, and the Russia–Ukraine war, highlighting the critical role of deterrence. They also examine the future of US energy policy amid shifting dynamics in the Middle East and global oil markets, consider China's growing influence in the Western Hemisphere and its implications, and explore regions with strong potential for development.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:41) - From Battlefield to Boardroom: Leadership in a changing world: Mark Matthews, Head of Research Asia and General David H. Petraeus, Partner at KKR and former US Army General (10:57) - 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.

Excerpt from Beyond Markets Podcast, originally published on 24.08.2025.This episode is part of a special two-week series featuring highlights from Julius Baer's recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January.Investing in private markets has the potential to create long-term value in portfolios. But how can qualified and professional investors navigate the current marketplace? What does the private equity market look like today? Which factors are driving potential opportunities? And where might the risks lie? In this episode of the Beyond Markets podcast, Fiona Kenyon, Head of Private Markets Specialists at Julius Baer talks to Jack Weingart, Chief Financial Officer at the global alternatives firm TPG, to discuss these questions as they evaluate the current landscape and reflect on the potential risks and rewards.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:40) - Private equity: Jack Weingart, Chief Financial Officer at TPG and Fiona Kenyon, Head of Private Markets Specialists (08:43) - 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.

Excerpt from Beyond Markets Podcast, originally published on 12.09.2025.This episode is part of a special two-week series featuring highlights from Julius Baer's recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January.In this episode of Beyond Markets, we take a closer look at agentic AI, which is no longer just a concept. AI agents are actively reshaping how tasks get done, decisions are made, and content is created. These autonomous systems mark a shift from passive AI models to active agents that can reason, act, and self-improve. We are joined by Manuel Villegas from Julius Baer's Next Generation Research team to answer these questions and much more.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:38) - Agentic AI: Manuel Villegas, Next Generation Research and Emily Rookwood, Head of Thought Leadership (09:40) - 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.