Podcasts about Eurozone

Markets enjoyed a nice, 2% rally Tuesday on news of a pause until July on Eurozone tariffs by President Trump. (Remember our article in November 2024 revealing tariffs as NOT inflationary; see link below). Goldman Sachs came out this week admitting as much. Duh. This entire rally has been predicated on the realization that tariffs are not the inflationry boogie man, and not that big of a hit to the economy. It's all economic sticks & carrots by the Trump Administration. Money flows are very elevated to levels that are typically seen at the peaks of market advances, not the beginning. We've come very far, very fast; this is a good time to take some profits out of the market. Money flows into Nvidia since the bottom have been stellar, which has elevated the stock price; Nvidia is up 40% from the low. That's still 14% below its all-time highs, but a 40% gain is not chump-change. So the risk tomorrow, after the company's report tonight, is to the downside, or a very muted upside. Options pricing currently are foretelling a move of 7%, either up or down.  Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video of this report here: https://www.youtube.com/watch?v=6KJCZut3qwU&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1  ------- Articles mentioned in this report: "Trump Tariffs Are Inflationary Claim The Experts" https://realinvestmentadvice.com/resources/blog/trump-tariffs-are-inflationary-claim-the-experts/ ------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Register for our next in-person event, "Retirement Income Empowerment Workshop," June 14, 2025: https://tracking.realinvestmentadvice.com/l/1052953/2025-05-08/ysxr ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MoneyFlows #Nvidia #TrumpTariffs #Inflation #MarketCorrection #MarketPullback #BuyTheDip #ReduceRisk #RaiseCash #MarketConsolidation #20DMA #50DMA #100DMA #200DMA #InvestingAdvice #Money #Investing

Jeffrey Kleintop breaks down recent international market action, including the Eurozone PMI, which missed expectations. Part of the miss is blamed on tariffs. He also notes a great 1Q earnings season for the Eurozone and an increase in consumer demand. He points to bond market signals to monitor: “if yields continue to climb, it could be an impediment to rising stock prices.” He highlights some areas of the market to watch, including his “New Mag 7” and the financials sector.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

“We've exited the chaos phase” of trade policy, says Patrick Ryan, “We're moving in the right direction.” He thinks we could see a stronger market in the second half if trade tensions resolve and deregulation comes through. He likes small and mid-cap companies if business sentiment can rise, along with financials. He also likes Europe as signs of financial stimulus in the Eurozone continue.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 6th May 2025.

The U.S. and Ukraine sign a minerals deal, Trump nominates National Security Advisor Mike Waltz for UN ambassador, tens of thousands of protesters participate in global May Day protests, the U.S. Senate blocks a resolution to overturn Trump's ‘Liberation Day' tariffs, the Eurozone's economy grows 0.4%, South Africa's Ramaphosa orders an inquiry Into apartheid-era prosecutions, a Trump-appointed judge blocks the White House from using the Alien Enemies Act for deportations, England rolls out a 'super-jab' for 15 different cancers, Apple is referred for a potential criminal contempt probe, and Scientists reintroduce captive-bred Mexican axolotls into artificial wetlands. Sources: www.verity.news

Sean is joined by EuroZone stalwart Liam Grant to discuss how the planning for WUCC 2026 is going, how the Spring Tour tournaments went and what they expect to happen at Tom's Tourney this weekend. The rankings hadn't been updated when they spoke, so Liam fills the space by going on a couple of patented rants instead.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news negative data is starting to flow more aggressively in the US as the consequences of dumb policy show through. It been a track to decline for the first 100 days of Trump II.First, the US Redbook index of retail sales rose +6.1% last week from the week before, but the strong suspicion is that much of this is inflation-related.And that is supported by a sharp drop in consumer sentiment reported by the Conference Board, down to a 13 year low in April and confirming the UofM earlier sentiment survey.US job openings fell by -288,000 to 7.192 mln in March, down -901,000 from a year ago to the lowest level in six months and well below market expectations of 7.5 mln. The drop was broad-based. Their quit rate rose to an 8 month high.The US trade deficit in goods widened sharply to -US$162 bln in March, the largest on record, and well above the expected -US$146 bln gap as tariff threats drove US importers to front-load their purchases. Unsurprisingly, that alos generated a spike in wholesale inventories.This bad trade result probably cements a very weak Q1-2025 GDP result. The next AtlantaFed GDP Now update will come tomorrow, and is unlikely to be pretty.The Dallas Fed's services sector survey pointed to weaker conditions and a weaker outlook.The Canadian election has resulted in a narrow win for the center-left (in North American terms) Liberals and the Quebec coalition partner. This is an unusual fourth consecutive win for the Liberals, and an unlikely one, very much aided by Trump trolling. It will be a tough gig because they are clearly facing recession, also flowing from the newly-fractious US relationship.The ECB survey on consumer inflation expectations in the euro-zone rose in March with the year ahead expectation up to 2.9%, its highest in a year.EU consumer sentiment dropped in March and to its lowest since December.And we should probably note that Denmark says it wants the EU to join the CPTPP.In Australia, there are three days left of campaigning in their federal election. Polling is tightening. Despite those polls still showing Labour ahead, much will depend on how voters rank their preferences, which could make it rather close.The overnight dairy Pulse auction came in better than the futures market signaled. The SMP price rose as expected and to its highest in a year, but the WMP price did not fall as expected, rather it showed a small gain and to its highest in three years.The UST 10yr yield is now at 4.17%, down another -4 bps from this time yesterday.The price of gold will start today at US$3319/oz, and down -US$17 from yesterday.Oil prices are down -US$1.50 at just on US$60.50/bbl in the US and the international Brent price is down a bit less, now just under US$64.50/bbl. These are two-week lows as global trade tensions and weak US data dampened the demand outlook.The Kiwi dollar is now at 59.4 USc, down -0.2% from yesterday at this time. Against the Aussie we are up +10 bps at 93 AUc. Against the euro we are unchanged at 52.2 euro cents. That all means our TWI-5 starts today just on 67.6 and down -10 bps.The bitcoin price starts today up +1.3% from yesterday at US$95,401. Volatility over the past 24 hours has been low at +/- 0.9%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Deutschlands Wachstum stagniert, der Ifo-Index gibt leichte Hoffnung, aber große strukturelle Probleme bleiben bestehen. In der Eurozone sinken die Leitzinsen und die Langfristzinsen sind volatil. In den USA war die Unabhängigkeit der Federal Reserve im Fokus, während sich die De-Dollarisierung beschleunigt und der Dollar schwächelt. Was bedeutet das für die Kapitalmärkte und die weltwirtschaftliche Ordnung? China hält den Renminbi gegenüber dem Dollar relativ stabil, während Unsicherheiten im Handelskonflikt mit den USA bestehen bleiben. Wird der Renminbi künftig eine größere Rolle im globalen Zahlungsverkehr spielen? Großbritannien rückt wirtschaftlich wieder näher an die EU heran. Doch die Konjunktur bleibt schwach – wohin könnten sich Europas Exporte künftig stärker orientieren? Diese Themen diskutieren Carina Schäuble und Dr. Ulrich Stephan in der aktuellen Folge von results. MärkteAktuell. (Aufnahmedatum: 28. April 2025 um 14:30h)

Send us a textBarrage of US data to shed light on US economy as tariff war heats up. GDP, PCE inflation and nonfarm payrolls reports to headline the week. Bank of Japan to hold rates but may downgrade growth outlook. Eurozone and Australian CPI also on the agenda, Canadians go to the polls.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.

Donderdag 24 april:De economische activiteit in de eurozone is stilgevallen. Dat blijkt uit de eerste PMI sinds president Trump zijn tarievenoffensief lanceerdePresident Trump verandert van retoriek rond Powell en handel met ChinaEn in het beursgesprek bespreken we de kwartaalrapporten van het Nederlandse chipbedrijf Besi en het Duitse SAP. Z 7 op 7 is de nieuwe dagelijkse podcast van Kanaal Z en Trends. Elke ochtend, vanaf 5u30 uur luistert u voortaan naar een selectie van de meest opmerkelijke nieuwsverhalen, een frisse blik op de aandelenmarkten en een scherpe duiding bij de economische en politieke actualiteit door experts van Kanaal Z en Trends.Start voortaan elke dag met Z 7 op 7 en luister naar wat echt relevant is voor uw business, onderneming, carrière en geld.

Het voltrok zich gelijktijdig. Pieter Omtzigts vertrek en in de coalitie het rommelige compromis over de Voorjaarsnota. Dat ze samenhangen lijdt geen twijfel. Terwijl NSC rondbazuinde hoe tevreden men was nadat dapper was gedreigd met een breuk, besloot de partijleider zonder enig intern overleg met partijintimi dat het genoeg was geweest.Jaap Jansen en PG Kroeger analyseren hoe eerlijk Omtzigts uitzwaaifilmpje was en wat er nu eigenlijk echt in de Voorjaarsnota is geregeld.***Deze aflevering is mede mogelijk gemaakt met donaties van luisteraars die we hiervoor hartelijk danken. Word ook vriend van de show!Heb je belangstelling om in onze podcast te adverteren of ons te sponsoren? Zend een mailtje naar adverteren@dagennacht.nl en wij zoeken contact.Op sommige podcast-apps kun je niet alles lezen. De complete tekst plus linkjes en een overzicht van al onze eerdere afleveringen vind je hier***In de kern heeft de coalitie alle wezenlijke dossiers en maatregelen uitgesteld, soms voor meerdere jaren. Als er ook maar iets mis gaat – de wereldeconomie! – schendt Nederland de norm van maximaal 3% begrotingstekort van de landen in de Eurozone.De financiële ingrepen werden niet gedaan door de ministerraad onder premier Dick Schoof, maar door de vier fractieleiders en hun secondanten. Met Omtzigt als zoom-deelnemer op afstand. Ze vonden elkaar na een marathon-overleg van 25 uur met heftige botsingen in het vooruitschuiven van bijna alles naar de ‘augustusbesluitvorming'.Er werd € 6 miljard euro 'onder-uitputting' als 'kasschuif' verplaatst. Voor een rechtgeaard VVD'er als minister Eelco Heinen (Financiën) vloeken in de Kerk van de Zalmnorm. Zo kon hij de miljardeneisen van NSC en BBB onderschoffelen. Dat was hem wel wat waard.Uitgesteld werden het stikstof-probleem, klimaat- en energie investeringen, defensie-investeringen, woningbouw, arbeidsmarkttekorten en het Europese begrotingskader voor de komende zeven jaar. Opvallend is dat grote klappen vallen in de portefeuilles van alle vier de vicepremiers. Elke fractieleider heeft zijn of haar vicepremier als baksteen laten vallen.Premier Schoof zat hierbij te antichambreren voordat hij het vliegtuig naar Japan pakte voor een uitje naar de wereldtentoonstelling. Hoe hij als irrelevant behandeld werd, herinnert PG aan de vernederingen die in het kabinet Van Agt/Wiegel (1977-1981) VVD-minister Arie Pais zijn CDA-collega Frans Andriessen aandeed.Eelco Heinen schetste de gebeurtenissen kleurrijk in De Telegraaf. Drie van de vier partijleiders bleken onverantwoordelijke, amateuristische knoeiers. Tot enige financiële dekking voor hun eisen voor de achterbannen bleken ze niet in staat. Serieuze besluiten werden niet genomen.De werkwijze van de coalitie was intussen diametraal omgekeerd aan wat Omtzigt had laten vastleggen door informateur Kim Putters. Het opschuiven naar augustus werd bovendien door minister Heinen direct lamgelegd: een dreigende recessie in plaats van de miljarden aan meevallers waar NSC mee schermde zou voorlopig dwingen tot uiterste prudentie.Omtzigts vertrek leek de fundamenten onder het kabinet verder te doen wankelen, toen de nieuwe NSC-chef Nicolien van Vroonhoven gretig inging op gedachtenspinsels over een verzoening en fusie met oppositiepartij CDA. Alleen bleek zij de historie van haar - slechts anderhalf jaar oude - club niet helemaal scherp te hebben. Al blijft verzoening wel een nobele paasgedachte.Helder werd in elk geval dat de beslissingen van de coalitie en de capitulatie van de ministers voor de echte chefs ervoor zorgden dat ons land niet klaar is voor grote ontwikkelingen. Niet voor de NAVO-top in Den Haag in juni. Niet voor de Europese meerjarenbegroting. Niet voor het aantreden van de nieuwe Duitse regering en haar enorme investeringsprogramma. En niet voor de concrete uitvoering van het Rapport-Draghi als investeringsprogram voor Europa in turbulente tijden.***Verder luisteren495 - De zeven burgeroorlogen van Dick Schoof491 - De voortdurende twijfels van Nieuw Sociaal Contract490 – Duitslands grote draai. Friedrich Merz, Europa en Nederland477 - De VVD staat sterk, maar zit ook klem474 – Parlementair historicus Joop van den Berg: “De democratie is in groot gevaar. Je moet niet denken: het loopt wel los"470 - Het kabinet bestaat niet, het is een virtuele machine466 - Behandeling Onderwijsbegroting werd parcours vol struikelpartijen en miskleunen456 - De zeven crises van het kabinet-Schoof452 - Wie is de baas in de coalitie?448 - Premier zonder kompas446 - Doe wat Draghi zegt of Europa wacht een langzame doodsstrijd442 - Na de sportzomer van Schoof de hete herfst van Wilders398 - Kabinetsformatie 2024: de lege stoel van Pieter Omtzigt393 - Kabinetsformatie 2024: op naar een extraparlementair kabinet!372 - Nieuwe partijen als Nederlandse traditie - en de afgrond die altijd weer dreigt364 - Een krankzinnige campagne (oa over de ideologische grondslag van NSC)438 –Het nieuwe kabinet als kleuterklas. De koning kun je niet spelen428 – Dick Schoof, de 'premier van buiten', is de ultieme insider425 - Een oprecht akkoord***Tijdlijn00:00:00 – Deel 100:45:39 – Deel 201:07:51 – Deel 301:30:35 – Einde Zie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.

As the ECB cuts interest rates again, it would take a “wait and see” approach on whether planned tariffs trigger inflation across the Eurozone.With gold prices hitting a new record high — how do you actually go about buying the precious metal?And in the age of AI, could the person you're interviewing for a job not be real? Roger Hearing explores the growing threat of deepfake job applicants.

S&P Futures are moving higher mainly due to optimism on tariff exemptions. The Trump tariff narrative remain the key focus as the White House indicates that that it is looking to help the auto sector. Pharma & semiconductor stocks are on watch as they are under review by the Trump tariff team. China has suspended jet deliveries from Boeing in retaliatory move. U.S. trade officials met with EU's trade representative yesterday, the demands from the Trump administration will be difficult for the Eurozone to agree to. Mining stocks are displaying gains due to a report that indicates President Trump has plans to stockpile critical metals to counter China. On the economic calendar today are reports on Import Exports prices and the Empire state Manufactuing index. JNJ, BACPNC & ERIC are higher after earnings announcements. Caterpillar named a new CEO.

Australian James Aitken is the Founder and Managing Partner of Aitken Advisors, a one-man macroeconomic consultancy based in Wimbledon, England that works with approximately one hundred of the most influential pools of capital in the world. James started his career in 1992 as a foreign exchange trader, moved to London in May 1999, and in March 2002 joined the infamous AIG Financial Products team in London. In August 2006 he joined UBS, where he deployed his knowledge of the inner workings of the financial system to help his institutional investor clients successfully navigate their portfolios through 2007 and 2008. At the urging of his clients, James established his own firm in June 2009. Our conversation covers James' perspective on the Global Financial Crisis from his seat at its epicenter, the Eurozone crisis in 2011, subsequent process-driven opportunities in Greece, views on Central Banks in the US, China, & Europe, some brief observations on India, positioning for the current environment, and what makes a great macro manager.   Learn More  Follow Ted on Twitter at @tseides or LinkedIn  Subscribe to the mailing list  Access Transcript with Premium Membership 

Im heutigen Podcast zeige ich dir mein Depot und teile meine Zukunftsaussichten in der Eurozone mit dir. Vereinbare jetzt dein kostenfreies Strategiegespräch: https://jensrabe.de/Q2Termin25 Aktien kann Jeder - jetzt testen: https://jensrabe.de/YTAKJ Optionen kann Jeder - jetzt testen: https://jensrabe.de/YTOKJ ALLE Bücher von Jens Rabe: https://jensrabe.de/buecherYT Nur für kurze Zeit. Solange der Vorrat reicht. Schau auf meinem Social Media-Kanälen vorbei: Instagram - https://www.instagram.com/jensrabe_official X - https://twitter.com/jensrabe_ Facebook - https://www.facebook.com/rabeacademy TikTok - https://www.tiktok.com/@jensrabeacademy Börsen-News https://jensrabe.de/Q2NewsYT25

Once again, Germany is preparing to celebrate the world's worst vegetable as Spargelzeit begins in earnest across the 16 Bundesländer, and two thirds of the podcast are delighted to see it's return. What does 2025 have in store for Spargel lovers, and where will Simon get his regular Spargeleis? The current international economic turmoil caused by US government tarifs leads us back to the question of boycotting US products, which is really only one of many problems Simon seems to be facing on his weekly shop, the other being his fellow early bird customers.Perhaps what we all need is a bit of luck, but it seems all the luck is going elsewhere at the moment, as we discuss an especially fortunate young 8-year-old child who discovered €15,000 while digging a hole at their Kindergarten. With money in the air, we finish with some suggestions for new designs as the EU updates the Eurozone's bank notes.Theme tune courtesy of Kloß mit SoßThe current international economic turmoil caused by US government tarifs leads us back to the question of boycotting US products, which is really only one of many problems Simon seems to be facing on his weekly shop, the other being his fellow early bird customers.Perhaps what we all need is a bit of luck, but it seems all the luck is going elsewhere at the moment, as we discuss an especially fortunate young 8-year-old child who discovered €15,000 while digging a hole at their Kindergarten. With money in the air, we finish things off with some suggestions for designs as the EU looks to update the Eurozone's bank notes.Theme tune courtesy of Kloß mit Soß

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 4th April 2025.

Maar wat daarna komt, gaat de beursweek maken of breken. Die beursweek zit er alweer aan te komen namelijk. Met daarin speciale aandacht voor de eigen economie. Want je krijgt inflatiecijfers uit Nederland, en uit de eurozone. En wil je een aandeel in de gaten houden, dan is Nintendo een aanraden. Beleggers waren tot nu toe nog niet enthousiast over de nieuwe spelcomputer, de Switch 2. Maar nu kan die voor het eerst getest worden. Maar extra speciale aandacht is er dus voor Donald Trump. Want het is zover! Zijn 'Liberation Day' komt eraan. En dan gaat het pas écht los, denkt Bob Homan van ING Investment Office. In Beurs in Zicht stomen we je klaar voor de beursweek die je tegemoet gaat. Want soms zie je door de beursbomen het beursbos niet meer. Dat is verleden tijd! Iedere week vertelt een vriend van de show waar jouw focus moet liggen.See omnystudio.com/listener for privacy information.

Strap in as NASDAQ's Michael Normyle and IBKR's Jeff Praz take you “DAX to the Future,” breaking down Europe's market rally in 2025. From rate cuts to defense booms, discover what's powering the Eurozone's warp-speed momentum.

Het was al even geleden. Tien jaar zelfs. Toen brak voor het laatste de beurswaarde van een bank in de eurozone door de grens van 100 miljard euro. En het is dezelfde bank als toen: het Spaanse Santander. Maar Santander is niet de enige bank die de laatste maanden succes heeft op de beurs. Want ook andere Europese banken - waaronder ons eigen ING - worden geprezen door beleggers. Maar is die liefde terecht? Of raken beleggers een beetje té opgewonden? Dat vertellen we je in deze aflevering. En dan hebben we het ook over een knallende ruzie in de chipsector, tussen chip-ontwerpers Qualcomm en Arm. Technisch verhaal: Qualcomm gebruikt een licentie van Arm waar het niet zelf voor heeft betaald, maar die het met een overname heeft bemachtigd. En nu wil Arm alsnog geld zien. Qualcomm weigert niet al te vriendelijk en gaat nu klikken bij maar liefst drie toezichthouders over het machtsspel van Arm. Geen zorgen, je hoort ook nog makkelijkere materie. Zoals het nieuwe plan van GameStop. Dat werd ooit van de ondergang gered door beleggende fans. Dat geld van die fans wordt nu niet geïnvesteerd in een nieuw plan om winst te maken, maar in Bitcoin. Een strategie waarvan ook de CEO zelf zegt dat hij niet weet of het gaat werken.See omnystudio.com/listener for privacy information.

AIB's Senior Economist John Fahey and AIB Treasury's Jane Kavanagh discuss the latest global market updates including:Interest rate expectations from Central Banks Tariff and trade policy impacts on the DollarEuro boosted by Eurozone news flowThe resilience of SterlingVisit our website and subscribe to receive AIB's Economic Analysis direct to your inbox. You can also find us on Twitter @TreasuryAIB . Our full legal disclaimer can be viewed here https://aib.ie/fxcentre/podcast-disclaimer. Registered in Ireland: No: 24173 Allied Irish Bank p.l.c is regulated by the Central Bank of Ireland AIB Customer Treasury Services is a registered business name of Allied Irish Banks, p.l.c. Registered Office: 10 Molesworth Street, Dublin 2

Plus, Turkey detains Istanbul's mayor and main rival of President Erdogan. Inflation in the Eurozone cooled more than expected in February. And what to watch for in Federal Reserve's Chair Jerome Powell's comments after the Fed's rates decision. Alex Ossola hosts.   Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Michelle Gibley says Europe could be the sweet spot for investors looking for growth outside the U.S. With cheap valuations and earnings estimates being revised higher, Michelle says the Eurozone will benefit from a potential shift in asset allocation away from U.S. stocks. Germany's plan for a massive fiscal stimulus serves as a game-changer for the region as European defense names are outperforming their U.S. peers.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th March 2025.

Listen now to the podcast from the Asset Management and Investors Council (AMIC), ICMA's dedicated forum advocating the interests of buy-side members, including asset managers, institutional investors, private banks, pension funds, and insurance companies, among others. Returning for this episode are industry experts, Bob Parker, former Chairman of AMIC and Senior Adviser to ICMA, alongside Massimiliano Castelli, PhD MSc, Managing Director and Head of Strategy & Advice at UBS Asset Management, who also serves as the Co-Chair of the AMIC Executive Committee. In this podcast, recorded on 25th February 2025, the team discussed: Following the general election result in Germany, what is the outlook for the German economy, and what is the knock-on effect for the Eurozone and the ECB . Update on US economic policy under the new Trump administration. Government and Fed policy. What's changed in China? In the near term what do you see as the major risk factors to capital markets, and what about potential market volatility. If you have questions or topics that you would like our guests to address in future episodes, please feel free to get in contact via email: AMIC@icmagroup.org. Learn more about AMIC: https://www.icmagroup.org/market-practice-and-regulatory-policy/asset-management/

Our U.S. Public Policy and Currency analysts, Ariana Salvatore and Andrew Watrous, discuss why the dollar fell at the beginning of the first Trump administration and whether it could happen again this year. ----- Transcript ----Ariana Salvatore: Welcome to Thoughts on the Market. I'm Ariana Salvatore, Morgan Stanley's U.S. Public Policy Strategist.Andrew Watrous: And I'm Andrew Watrous, G10 FX Strategist here at Morgan Stanley.Ariana Salvatore: Today, we'll focus on the U.S. dollar and how it might fare in global markets during the first year of the new Trump administration.It's Tuesday, March 4th at 10am in New York.So, Andrew, a few weeks ago, James Lord came on to talk about the foreign exchange volatility. Since then, tariffs and trade policy have been in the news. Last night at midnight, 25 percent tariffs on Mexico and Canada went into effect, in addition to 10 percent on China. So, let's set the scene for today's conversation. Is the dollar still dominant in global currency markets?Andrew Watrous: Yes, it is. The U.S. dollar is used in about $7 trillion worth of daily FX transactions. And the dollar's share of all currency transactions has been pretty stable over the last few decades. And something like 80 percent of all trade finance is invoiced in dollars, and that share has been pretty stable too.A big part of that dollar dominance is because of the depth and safety of the Treasury security market.Ariana Salvatore: That makes sense. And the dollar fell in 2017, the first year of the Trump administration. Why did that happen?Andrew Watrous: Yeah, so 2017 gets a lot of client attention because the Fed was hiking, there was a lot of uncertainty about would happen in NAFTA, and the U.S. passed a fiscally expansionary budget bill that year.So, people have asked us, ‘Why the U.S. dollar went down despite all those factors?' And I think there are three reasons. One is that even though the possibility that the U.S. could leave NAFTA was all over the headlines that year, U.S. tariffs didn't actually go up. Another factor is that global growth turned out to be really strong in 2017, and that was helped in part by fiscal policy in China and Europe. And finally, there were some political risks in Europe that didn't end up materializing.So, investors took a sigh of relief about the possibility that I think had been priced in a bit that the Eurozone might break up. And then a lot of those factors went into reverse in 2018 and the U.S. dollar went up.Ariana Salvatore: So, applying that framework with those factors to today, is it possible that we see a repeat of 2017 in terms of the U.S. dollar decline?Andrew Watrous: Yeah, I think it's likely that the U.S. dollar continues to go lower for some of the same reasons as we saw in 2017. So, I think that compared to 2017, there's a lot more U.S. dollar positive risk premium around trade policy. So, the bar is higher for the U.S. dollar to go up just from trade headlines alone.And just like in 2017, European policy developments could be a tailwind to the euro. We've been highlighting the potential for German fiscal expansion as European defense policy comes into focus. And unlike in 2017, when the Fed was raising rates, now the Fed is probably going to cut more this year. So that's a headwind to the dollar that didn't exist back in 2017.So, on trade, Ariana. What developments do you expect? Do you think that Trump's new policies will make 2025 different in any way from 2017?Ariana Salvatore: So, taking a step back and looking at this from a very high level, a few things are different in spite of the fact that we're actually talking about a lot of similar policies. Tariffs and tax policy were a big focus in 2017 to 2019, and to be sure, this time around, they are too, but in a slightly different way.So, for example, on tax cuts, we're not talking about bringing rates lower on the individual and corporate side. We're talking about extending current policy. And on tariffs and trade policy, this round I would characterize as much broader, right? So, Trump has scoped in a broader range of trading partners into the discussion like Mexico and Canada; and is talking about a starting point that level-wise is much higher than what we saw in the whole 2018 2019 trade friction period.The highest rate back then we ever saw was 25 percent, and that was on the final batch of Chinese goods, that list four. Whereas this time, we're talking about 25 percent as a starting point for Mexico and Canada.I think sequencing is also a really important distinction. In 2017, we saw the tax cuts through the Tax Cuts and Jobs Act (TCJA) come first, followed by trade tensions in 2018 to 2019. This time around, it's really the inverse. Republicans just passed their budget resolution in the House. That lays the groundwork for the tax cut extensions.But in the meantime, Trump has been talking about tariff implementation since before he was even elected. And we've already had a number of really key trade related catalysts in the just six weeks or so that he's been in office.Andrew Watrous: So, you mentioned expectations for fiscal policy. What are recent developments there, and what do you think will happen with U.S. fiscal?Ariana Salvatore: I mentioned the budget resolution in the house that was passed last week. And you can really think of that as the starting point for the reconciliation process to kick off. And consequently, the extension of the Tax Cuts and Jobs Act.To be clear, we think that House Republicans will be able to align behind extending most of the expiring Tax Cuts and Jobs Act, but that's still in the books until the end of 2025. So, we see many months needed to kind of build this consensus among cohorts of the Republican caucus in Congress, and we already know there's some key sticking points in the discussion.What happens with the SALT [State and Local Tax] cap? What sort of clawbacks occur with the Inflation Reduction Act? All these are disagreements that right now are going to need time to work their way through Congress. So not a lot of alignment just yet. We think it's going to take most of the year to get there.But ultimately, we do see an extension of most of the TCJA, which is like I said, current law until the end of 2025.But Andrew from what I understand when it comes to fiscal policy, there are really two stages in terms of the market impact that we saw in the last administration. Can you walk us through those?Andrew Watrous: Yeah, so one lesson from 2016 to 2018 is that there were really two stages of when fiscal developments boosted the dollar. The first was right after the U.S. election in 2016, and the second was much later after the Tax Cuts and Jobs Act passed. So right after the 2016 election, within a couple of weeks, the dollar index rallied from 98 up to 103, and 10-year Treasury yields rose as well.And then things sort of moved sideways in between these two stages. Ten-year Treasury yield just moved sideways. Fiscal wasn't as supportive to the U.S. dollar. And as we know, the dollar went down. And then we had the second stage more than a year later. So, the TCJA was passed in December 2017. And then the dollar rallied after that along with the rise in Treasury yield.So, we think that now, what we've seen is actually very similar to what happened in 2017, where the dollar and yields moved a lot after the 2024 election; but now the budget reconciliation process probably won't be a tailwind to the dollar until after a tax cuts extension passes Congress. And as you mentioned, that's not going to be for many, many months. So, in the interim, we think there's a lot of room for the dollar to go down.Ariana Salvatore: And just to level set our expectations there to your point, it is probably going to be later this year. House Republicans have to align on a number of key sticking points. So, we have passage somewhere on the third or fourth quarter of 2025.But when we think about the fiscal picture, aside from the deficit and the macro impacts, a really key component is going to be what these tax changes mean for the equity market. The extension of certain tax policies will matter more for certain sectors versus others. For example, we know that extending some of the corporate provisions, aside from the lower rate, will have an impact across domestically oriented industries like industrials, healthcare, and telecom.But Andrew, to bring it back to this discussion, I want to think a little bit more about how we can loop in our expectations for the equity market and map that to certain dollar outcomes. How do you think that this as a barometer has changed, if at all, from Trump's first term?Andrew Watrous: Yeah, currency strategists like me love talking about yield differentials. But from 2016 to 2018, the U.S. dollar did not trade in line with yield differentials. Instead, in the initial years of President Trump's first term, equities were a much better barometer than interest rates for where the U.S. dollar would go.After President Trump was elected in 2016, U.S. stocks really outperformed stocks in the rest of the world, and the U.S. dollar went up. Then in 2017, stocks outside the U.S. caught up to the move in U.S. stocks, and the U.S. dollar fell. Then in 2018, all that went into reverse, and U.S. stocks started outperforming again, and the U.S. dollar went up.So, what we've been seeing in stocks today really echoes 2017, not 2018. Stocks outside the U.S. have caught up to the post election rise in U.S. stocks. And so, just like it did in 2017, we think that the U.S. dollar will decline to catch up to that move in relative stock indices.Ariana Salvatore: Finally, Andrew, we already discussed the U.S. dollar negative drivers from 2017. But what happened to these drivers the following year in 2018? And is that any indication for what might happen in 2026?Andrew Watrous: So 2018, as you mentioned, does offer a blueprint for how the U.S. dollar could go up. So, for example, if trade tensions evolve in a direction where our economists would have to significantly downwardly revise their global growth forecasts, then the U.S. dollar could start to look more attractive as a safe haven. And in 2018, there was a big rise in long-end Treasury yields. That's not what we're calling for; but if that were to happen, then the U.S. dollar could catch a bid.Ariana Salvatore: Andrew, thanks for taking the time to talk.Andrew Watrous: Great speaking with you, Ariana.Ariana Salvatore: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

The US is suspending military aid to Ukraine, Chevrolet Silverado's complex supply chain leaves it particularly vulnerable to a looming trade war, and Eurozone inflation has fallen for the first time in four months to 2.4 per cent. Plus, US defence stocks are being left behind. Mentioned in this podcast:US suspends military aid to UkraineHow Donald Trump's tariffs threaten an iconic US pick-up truckEurozone inflation falls to 2.4% as underlying price pressures easeEuropean defence shares jump as blistering rally gathers paceUS defence groups miss out on global stock rally amid Trump's Pentagon cutsCredit: @ChevyPHThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In aanloop naar de rentevergadering van de Europese Centrale Bank (ECB) volgende week laten verschillende centrale bankiers al van zich horen. Een Italiaanse centrale bankier constateert dat de economie van de Eurozone zwakker is dan verwacht, doordat het verwachte herstel van de consumptie van huishoudens uitblijft. Zijn Franse collega tekent op dat de onzekerheid rondom importheffingen van de VS onze economische groei kan raken. ‘Wat ze allebei willen zeggen is: we moeten doorgaan met het verlagen van de rente, want daar heeft onze economie behoefte aan’, zegt macro-econoom Edin Mujagic. See omnystudio.com/listener for privacy information.

US president Donald Trump's tariffs on Mexico and Canada are paused for now, commercial property investment is starting to recover from a two-year slump, and Eurozone inflation unexpectedly ticked up in January. Plus, the French AI company Mistral was supposed to be Europe's answer to US Big Tech dominance, but it's struggling to gain traction. Mentioned in this podcast:US to pause tariffs on Canada for 30 days after Trudeau and Trump agree dealInvestors choose flats and hotels over offices as property deals returnEurozone inflation rises to 2.5% in JanuaryHas Europe's great hope for AI missed its moment?The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Bitcoin is down slightly at $98,153 Eth is down slightly at $3,051 XRP, down half a percent at $2.74 Canada responds to tariffs in-kind. US Energy prices could increase affecting BTC mining. ECB President Christine Lagarde says Bitcoin won't be added to Eurozone's reserves. 21 shares files for DOT ETF Czech National Bank looks at Bitcoin as reserve asset. Irreducible raises $24M in Series A. Crypto industry loses $74M to hacks in Jan. Learn more about your ad choices. Visit megaphone.fm/adchoices

Apple revealed quarterly results that slightly exceeded Wall Street expectations, SoftBank is in talks to invest as much as $25bn into OpenAI, and the European Central Bank cut interest rates as it warned about headwinds to the bloc's economy. Plus, there are concerns that China's hukou system creates second-class citizens and holds back consumption in urban areas. Mentioned in this podcast:Apple results top estimates even as iPhone sales stallSoftBank in talks to invest up to $25bn in OpenAI ECB warns of ‘headwinds' to Eurozone economy as it cuts rate to 2.75%How a Mao-era system creates second-class citizens in modern China The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Eurozone economists warn the European Central Bank has been too slow to cut interest rates, and US Steel faces a bleak outlook after President Biden's decision to block its sale. UK businesses plan price increases as the Budget drives up costs, and CrowdStrike has more than recovered the $30bn in market value it shed last year. Plus, China's movie theatres are in crisis. Mentioned in this podcast:ECB has been too slow to cut rates, Eurozone economists warn Joe Biden blocks Nippon Steel's $15bn takeover of US Steel UK businesses plan price increases as Budget drives up costs CrowdStrike bounces back after triggering largest IT outage in historyChina's box office takings drop by a quarter as viewers turn to streaming The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.