Podcasts about norbert r

European equities extended their upward momentum, while US markets faced selling pressure after the first FOMC meeting under Chair Kevin Warsh delivered a surprisingly hawkish tone, pushing Treasury yields higher. Yet, sentiment later shifted again as news of a signed memorandum of understanding between the US and Iran lifted Asian markets and drove US equity futures firmly into positive territory. In today's episode, Norbert Rücker, Head of Economics and Next Generation Research, explores how easing geopolitical tensions could reshape the outlook for global energy markets.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (05:48) - Energy market update: Norbert Rücker, Head of Economics & Next Generation Research (10:47) - 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.

Welchen Einfluss haben Ressourcen-Engpässe im Bereich fossiler Energieträger auf den Ausbau erneuerbarer Energien und umgekehrt? Inwiefern unterscheidet sich die Situation im Jahr 2026 vom Winter 2022 und wie lässt sich der Fortschritt im Energiesektor auf den Bausektor übertragen? Norbert Rücker, Leiter Economics & Next Generation Research bei der Bank Julius Bär, ordnet aktuelle globale Entwicklungen ein und zeigt auf, in welchen Bereichen sich die Schweiz von anderen Märkten unterscheidet. Im Gespräch mit Peter Richner erzählt er ausserdem, welchen Einfluss der Aktienmarkt auf die Verbreitung nachhaltiger Technologien hat und, weshalb dieser Mechanismus im Bausektor weniger stark greift als im Energiemarkt.  

The S&P 500 snapped its nine-day winning streak yesterday, as renewed tensions in the Middle East dented risk sentiment, and momentum in the AI-driven rally eased. At the same time, bond yields pushed higher on the back of resilient labour market data, reigniting concerns that inflation pressures may persist. In today's episode, our Group CIO Yves Bonzon shares his latest perspectives on the market backdrop, while Norbert Rücker, Head of Economics and Next Generation Research, explains why he expects oil prices to trend lower from here.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (05:42) - Latest market perspectives: Yves Bonzon, Group CIO (14:15) - An update on oil: Norbert Rücker, Head of Economics & Next Generation Research (19:13) - 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.

Heute legen die Wirtschaftsweisen ihr Frühjahrsgutachten vor, das die Wachstumsprognose für Deutschland nochmals halbiert. Beim anschließenden Mittagessen mit Kanzler Friedrich Merz droht jedoch noch viel brisanterer Stoff. Gordon Repinski spielt das Gipfeltreffen durch: Wie reagiert Arbeitsministerin Bärbel Bas auf den Reformdruck und wo findet Lars Klingbeil als Finanzminister überhaupt noch Spielraum? Rustem Umjerow, als Top-Verhandler des ukrainischen Präsidenten Selenskyj, hat sich in Berlin im engsten Kreis getroffen. Hans von der Burchard ordnet ein, wie Europa nach dem vorläufigen US-Rückzug in die Ukraine-Verhandlungen stoßen will. Im 200-Sekunden-Interview: CDU-Außenpolitiker Norbert Röttgen. Er fordert verlässliche Kreditlinien für die Ukraine und zieht eine klare Bilanz über das strategische Scheitern Wladimir Putins auf dem Schlachtfeld.Den Podcast der beiden WELT-Kollegen Deffner & Zschäpitz findet ihr hier. Das Berlin Playbook als Podcast gibt es jeden Morgen ab 5 Uhr. Gordon Repinski und das POLITICO-Team liefern Politik zum Hören – kompakt, international, hintergründig. Für alle Hauptstadt-Profis: Der Berlin Playbook-Newsletter bietet jeden Morgen die wichtigsten Themen und Einordnungen. Jetzt kostenlos abonnieren. Mehr von Host und POLITICO Executive Editor Gordon Repinski: Instagram: @gordon.repinski | X: @GordonRepinski. POLITICO Deutschland – ein Angebot der Axel Springer Deutschland GmbH Axel-Springer-Straße 65, 10888 Berlin Tel: +49 (30) 2591 0 information@axelspringer.de Sitz: Amtsgericht Berlin-Charlottenburg, HRB 196159 B USt-IdNr: DE 214 852 390 Geschäftsführer: Carolin Hulshoff Pol, Mathias Sanchez Luna Learn more about your ad choices. Visit megaphone.fm/adchoices

The petrodollar system has long been a cornerstone of global finance, underpinning the US dollar's dominance for decades. But as energy markets shift, and talk of de-dollarisation grows louder, is this system now fading? And what could that mean for the future global order?In this episode of The View Beyond, Jan Bopp is joined by Julius Baer's currency strategist, David Meier, and Norbert Rücker, Head of Macro and Next Generation Research, to explore the origins and evolution of the petrodollar system, the impact of the US shale oil revolution, and the practical realities of de-dollarisation. The discussion covers the shifting correlation between oil prices and the US dollar, the significance of Saudi Arabia's move to accept multiple currencies, and why the US dollar's dominance remains largely unchallenged despite headlines. The episode also examines the scale of non-dollar oil trade, the role of sanctions, and the structural factors underpinning reserve currency status.(00:00) - Introduction (00:53) - What is the petrodollar system and why has it mattered? (02:44) - Geopolitics and the petrodollar narrative (03:40) - Has the petrodollar system ended or evolved? (04:33) - The US shale oil revolution (05:02) - Oil prices and the US dollar (08:00) - Saudi Arabia and the rise of multi-currency oil trade (09:02) - Sanctions and non-dollar oil markets (09:59) - De-dollarisation or diversification - what's really happening? (11:52) - Why less oil in dollars doesn't weaken the dollar (13:46) - What could truly challenge the US dollar's dominance? (15:33) - 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.

European and US stock markets rallied yesterday after President Trump hinted that the US administration is in the final stages of an agreement to end the war with Iran. The 10-year US Treasury shaved 9 basis points off the previous session's yield. Asian markets were further boosted overnight by an impressive set of results from NVIDIA. Warnings did come in from the Fed though, in the form of the minutes of its last meeting, which revealed a heightened level of disagreement about where rates should go next and a majority of participants highlighting that rates will need to rise if inflation runs persistently above 2%. Head of Economics & Next Generation Research, Norbert Rücker, joins today's podcast to discuss not only the outlook for oil and energy prices, but also to explain why he is so constructive on the theme of Clean Energy. Tune in to find out more.(00:00) - Introduction: Mike Rauber, Product & Investment Content (00:49) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (08:11) - (Clean) energy update: Norbert Rücker, Head of Economics & Next Generation Research (13:33) - Closing remarks: Mike Rauber, 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.

In this episode of the Energy Connects podcast, host Chiranjib Sengupta speaks with Norbert Rücker, Head of Economics and Next Generation Research at Julius Baer, to unpack the structural shifts reshaping global energy markets amid unprecedented volatility. The conversation explores the implications of the Strait of Hormuz disruption, the UAE's exit from OPEC, oil market fundamentals, and the role of storage and geopolitics in price formation. Rücker also examines Europe's resilience and how the energy transition is strengthening energy security during periods of crisis.

Hopes grew yesterday that the US and Iran might be able to seal a deal to end the conflict, with a memorandum of understanding apparently having been sent by the US to Iran. The oil price dropped and with it so did bond yields. Meanwhile, global stock markets continued to rally and were given a further boost by artificial intelligence firms and yet more good news from earnings calls. Norbert Rücker, Head of Economics & Next Generation Research, joins the podcast to explain why he believes that the Strait of Hormuz may lose its strategic importance in the future, as shifts in the oil market that have developed throughout this crisis might well prove to be lasting. Tune in to find out more.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:25) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (05:45) - Energy market update: Norbert Rücker, Head of Economics & Next Generation Research (11:18) - 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.

The US Federal Reserve remains on hold but is the most divided since 1992. Kevin Warsh advanced in a key Senate vote to become the new chairman of the Fed next month. The ascent of the oil price continues amid reports of another military escalation. Major US technology firms reaffirmed heavy AI investment in their earnings releases, but results differed sharply across the companies reporting yesterday: Alphabet, Meta, Amazon, and Microsoft. Norbert Rücker, Head of Economics and Next Generation, talks about the UAE's decision to leave OPEC amid tectonic shifts in the oil market and our outlook for oil as storage is declining. Mathieu Racheter, Head of Equity Strategy, notes that geopolitics are not derailing the earnings season.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:38) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:18) - Oil/OPEC: Norbert Rücker, Head of Economics & Next Generation Research (12:05) - Q1 earnings season update: Mathieu Racheter, Head of Equity Strategy Research (17:14) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

New record highs were set in the US trading session on Wednesday as markets embraced the ceasefire extension and more strong Q1 earnings. But despite Asian markets rallying at the open, they failed to hold onto their gains as investors' focus returned to the fact that the Strait of Hormuz effectively remains closed for business. As EU leaders meet to discuss how to address the energy price shock, Norbert Rücker, Head of Economics & Next Generation Research, explains why he believes that Europe's energy resilience is overlooked – not only is the continent exiting the heating season but drivers are increasingly refuelling their cars with electricity rather than petrol. Tune in to find out more!(00:00) - Introduction: Helen Freer, Product & Investment Content (00:25) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:13) - Energy market update: Norbert Rücker, Head of Economics & Next Generation Research (09:32) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

President Trump indicated that Tehran wants to make a deal yesterday and officials from Pakistan signalled that new talks are planned. Meanwhile, it seems as if Israel and Lebanon might also be poised to have ceasefire discussions. US and Asia stock markets have reacted very positively with several indices surging to new all-time highs. Norbert Rücker, Head of Economics and Next Generation Research, joins the podcast to unravel the complicated nuances of different fuel prices and explain why he believes that oil prices might now be past their peak. (00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:18) - Energy market update: Norbert Rücker, Head of Economics & Next Generation Research (12:45) - 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 gains on Monday were modest and fragile. Risk appetite is fading as investors focus on President Trump's deadline, rising oil prices, and Middle East tensions. Strong US payrolls on Friday contrast with weaker services employment and rising input costs on Monday, leaving uncertainty over whether inflation pressures will persist. Technology remains a key theme: strong AI demand supported Samsung and Broadcom, while potential IPOs from SpaceX, Anthropic, and OpenAI point to rising competition for a limited pool of capital. Norbert Rücker, Head of Economics and Next Generation Research, comments on developments in energy markets ahead of President Trump's deadline.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:55) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:29) - Energy: Norbert Rücker, Head of Economics & Next Generation Research (10:01) - 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.

As the war in the Middle East continues, energy markets are still at the centre of investors' attention. How resilient are global oil and gas flows, and what are the possible scenarios as the situation evolves? In this episode Helen Freer is joined by Norbert Rücker, Head of Economics & Next Generation Research, to discuss the latest developments in the Middle East and their implications for energy markets and investors. The conversation covers the current level of oil supply disruptions, the effectiveness of alternative trade routes, the role of storage buffers, and the potential for lasting structural changes in global energy markets. Norbert outlines the key scenarios for the months ahead, the economic risks at play, and what investors should keep in mind as uncertainty persists.(00:00) - Introduction (00:49) - Crisis dynamics and early surprises (02:01) - The Strait of Hormuz situation (03:03) - How oil is moving around the disruption (04:00) - The role and limits of oil in storage (05:21) - Energy infrastructure (06:41) - Economic implications (07:58) - Could the conflict drive lasting structural changes in energy markets? (09:36) - Central banks' policy response (10:54) - Scenario analysis (14:55) - Key takeaways for investors (15:45) - 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.

Der Wind hat gedreht: Internationale Energiekonzerne setzen wieder vermehrt auf fossile Energien. Dabei seien es die Erneuerbaren, die in der aktuellen Situation für Entspannung bei Versorgungssicherheit und Energiepreisen sorgen könnten, so Norbert Rücker, Rohstoffanalyst Julius Bär. SMI +1.6%

Während der Kohlepreis seit Kriegsbeginn gestiegen ist, bewegt sich Gold an den Märkten in die andere Richtung. Der Preisanstieg bei Kohle sei darauf zurückzuführen, dass Stromproduzenten von Gas auf Kohle umstiegen, erklärt Norbert Rücker, Rohstoffexperte Julius Bär. SMI -1.1 %.

Equity markets are sliding and bond yields are climbing as oil and gas prices surge amid a new wave of escalation in the Middle East. At the same time, central bankers are holding their breath as inflation expectations edge higher. In today's episode, we welcome Norbert Rücker, Head of Economics and Next Generation Research, and Carsten Menke, Head of Next Generation Research, who share their latest insights on the future trajectory of energy and precious metals prices.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:34) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:46) - Energy markets: Norbert Rücker, Head of Economics & Next Generation Research (11:29) - Precious Metals: Carsten Menke, Head of Next Generation Research (14:57) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Trump unter Druck, Merz auf Distanz: In dieser Folge geht es um die Frage, warum ein schnelles Ende des Iran-Kriegs aus Sicht von Norbert Röttgen sogar der gefährlichste Ausgang wäre.Paul Ronzheimer spricht mit dem CDU-Außenpolitiker über Trumps unklare Kriegsziele, die Angst vor einem gestärkten Mullah-Regime und die Folgen für Deutschland, Europa und die Ukraine. Röttgen erklärt, warum für ihn der „Worst Case“ wäre, wenn der Iran geschwächt, aber am Ende strategisch stärker aus dem Krieg hervorgeht - mit Uran, neuer Aggression und Kontrolle über die Straße von Hormus. Außerdem geht es um Friedrich Merz' klare Absage an deutsche Militärhilfe, die Haltung der SPD und die Frage, ob Europa sich in diesem Konflikt wegduckt oder bewusst abgrenzt.Wenn euch der Podcast gefällt, lasst gerne Like & Abo da!Unsere Community: Diskutiert mit Paul, Filipp & unseren Gästen und erfahrt noch mehr über die Hintergründe der Episoden auf joincampfire.fm/ronzheimerPaul auf Instagram | Paul auf XRONZHEIMER. jetzt auch im Video auf YouTube!Redaktion: Filipp Piatov u. Lieven JenrichExecutive Producer: Daniel van Moll Hosted on Acast. See acast.com/privacy for more information.

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

Die kriegerische Eskalation im Nahen Osten erschüttert die Weltwirtschaft, verstopft Handelswege und bringt Lieferketten unter Druck. Was heisst das für die Wirtschaft global und in der Schweiz? Nach dem Zoll-Hammer steht die Weltwirtschaft bereits vor der nächsten Krise. Wie verändern geopolitische Schocks wie der Krieg im Nahen Osten die Handelsströme, Wirtschaftssysteme und Energiemärkte? Welche Konsequenzen hat das für die Schweiz als kleine, offene Volkswirtschaft und ihre Unternehmen? Hans Gersbach, Co-Direktor der Konjunkturforschungsstelle der ETH (KOF), und Norbert Rücker, Rohstoff-Experte der Bank Julius Bär, analysieren im «Eco Talk» mit Eveline Kobler die Weltlage. Und analysieren, ob die Schweiz Krise kann und durch die vielen Herausforderungen fitter geworden ist.

The recent US and Israel strike on Iran has introduced a new layer of uncertainty to global markets, with investors closely monitoring the implications for oil & gas, and portfolios overall. How should investors interpret these developments and position themselves amid heightened geopolitical risk?In this episode of Moving Markets: The View Beyond, Ayako Lehmann is joined by Norbert Rücker, Head of Economics and Next Generation Research, and Yves Klenk, Head of Client Coverage and Advisory, to discuss the market impact of the Middle East escalation. The conversation covers the immediate effects on oil and gas prices, the scenarios investors should consider, and how clients are responding to volatility across asset classes. The discussion also explores the role of gold, the importance of strategic asset allocation, and why infrastructure and alternatives are gaining traction as diversifiers in uncertain times.(00:00) - Introduction (00:48) - Assessing the current situation in the Middle East (01:31) - Client reactions and portfolio positioning (02:31) - Market responses: commodities and oil price dynamics (03:31) - Key scenarios for oil and gas markets (05:17) - The impact of shipping and insurance costs (05:56) - Oil price outlook and investor implications (07:01) - Broader market effects: equities and fixed income (08:16) - Gold's performance as a diversifier (11:24) - Scenario analysis: prolonged conflict and market consequences (12:39) - Harnessing volatility and portfolio strategies (13:27) - Investment topics for the long-term (15:25) - The enduring importance of strategic asset allocation (16:32) - Closing remarks and legal disclaimer Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

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

Geopolitical tensions in the Middle East have escalated over the weekend, with coordinated strikes by the US and Israel targeting Iranian facilities and leadership. In response, Iran has launched retaliatory strikes across the Gulf region. The surge in hostilities has placed global markets under heightened scrutiny. Equity indices are trading lower, while safe-haven assets - including the Swiss franc and gold - are seeing increased demand. Oil prices have spiked overnight, driven by fears of potential supply disruptions in one of the world's most critical energy regions. In this episode, Norbert Rücker, Head of Economics and Next Generation Research, provides timely analysis on the evolving geopolitical landscape and its implications for global investors. He is joined by Mensur Pocinci, Head of Technical Analysis, who outlines key technical support levels for equity markets and shares his outlook for oil and precious metals.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:41) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:26) - Middle East situation: Norbert Rücker, Head of Economics and Next Generation Research (10:18) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (12:13) - Closing remarks: Bernadette Anderko, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

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.

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Die AfD ist zurück bei der Münchner Sicherheitskonferenz. Diesmal offiziell. Drei Abgeordnete sind akkreditiert. Ausgerechnet Markus Frohnmaier, außenpolitischer Sprecher und Vertrauter von Alice Weidel, ist nicht eingeladen. Er reist aber dennoch an. Im Podcast analysieren Gordon Repinski und Pauline von Petzold, warum Frohnmaier die MSC als PR-Bühne im Wahlkampf nutzt, welche Rolle seine Kontakte in die USA spielen und weshalb die AfD mit deutlich größeren Erwartungen nach München gekommen ist. Im 200-Sekunden-Interview spricht der CDU-Außenpolitiker Norbert Röttgen über die Erwartungen an München, die Rolle von US-Außenminister Marco Rubio und die strategische Lage Europas. Ein weiteres zentrales Thema: das Future Combat Air System (FCAS), das gemeinsame deutsch-französisch-spanische Kampfjet-, Drohnen- und Cloud-Projekt. Die Beteiligten kommen nicht über die Rahmenbedingungen überein. Die neuesten Probleme kennt Chris Lunday und er ordnet ein, worauf es letztlich hinauslaufen könnte. Das Berlin Playbook als Podcast gibt es jeden Morgen ab 5 Uhr. Gordon Repinski und das POLITICO-Team liefern Politik zum Hören – kompakt, international, hintergründig. Für alle Hauptstadt-Profis: Der Berlin Playbook-Newsletter bietet jeden Morgen die wichtigsten Themen und Einordnungen. Jetzt kostenlos abonnieren. Mehr von Host und POLITICO Executive Editor Gordon Repinski: Instagram: @gordon.repinski | X: @GordonRepinski. POLITICO Deutschland – ein Angebot der Axel Springer Deutschland GmbH Axel-Springer-Straße 65, 10888 Berlin Tel: +49 (30) 2591 0 information@axelspringer.de Sitz: Amtsgericht Berlin-Charlottenburg, HRB 196159 B USt-IdNr: DE 214 852 390 Geschäftsführer: Carolin Hulshoff Pol, Mathias Sanchez Luna Learn more about your ad choices. Visit megaphone.fm/adchoices

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.

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.

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.

Meg O'Neill übernimmt die Leitung vom Ölriesen BP und soll die Gewinne ankurbeln, indem wieder stärker auf das Kerngeschäft fokussiert wird. Norbert Rücker, Rohstoffexperte bei Julius Bär, sagt, die Ölpreise sind aktuell tief und Gewinne hängen von Effizienz- und Produktivitätssteigerungen ab. SMI +0.8%

Markets showed little festive spirit yesterday with almost all equity markets globally declining as investors continued to rotate out of key artificial intelligence names. The sell-off was triggered by concerns around financing issues of a data centre project in the US. In contrast, energy and financial sectors outperformed, supported by rising oil prices and dovish remarks from a Federal Reserve member ahead of today's key events: interest rate decisions by the ECB and BoE, as well as the release of US inflation data. On today's show, Norbert Rücker, Head of Economics & Next Generation Research, provides deeper insights into the oil market, while Nicolas Jordan, CIO Strategy & Investment Analysis, discusses asset allocation strategies for the coming year.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:34) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:26) - Oil: Norbert Rücker, Head of Economics & Next Generation Research (12:36) - Update from the CIO Office: Nicolas Jordan, CIO Strategy & Investment Analysis (17:44) - 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 are now pricing in an almost 85% probability of a 25 basis point rate cut by the Fed in December – this boosted tech stocks and others followed suit, prompting a global rally. US markets will be shut today for the Thanksgiving holiday, and the Black Friday shopping bonanza will start tomorrow when the US market will reopen for a shortened trading session. Norbert Rücker, Head of Economic and Next Generation Research, joins the show with a timely update on energy markets and what's driving them currently. And Tim Gagie, Head of FX Advisory Geneva, rounds off the podcast by highlighting the latest moves in Sterling after the UK budget as well as this week's action in preciousmetals.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:38) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:44) - Energy Markets: Norbert Rücker, Head of Economics & Next Generation Research (11:41) - FX and metals update: Tim Gagie, Head of FX/PM PB Geneva (15:56) - Closing remarks: Bernadette Anderko, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

NVIDIA CEO Jensen Huang shrugged off concerns about an AI bubble on Wednesday, as the company surprised Wall Street with accelerating growth after several quarters of slowing sales growth. Technology-heavy indices in Asia are trading significantly higher this morning. Defence companies came under selling pressure after news of a potential US peace plan for Ukraine. Oil also fell on the news. Norbert Rücker, Head of Economics and Next Generation Research, shares his latest view on the black gold and dives deeper into the topic of data centres and related energy demand.(00:00) - Introduction: Mike Rauber, Product & Investment Content (00:38) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:50) - Oil / data centres and rising electricity prices in the US: Norbert Rücker, Head of Economics and Next Generation Research (13:38) - Closing remarks: Mike Rauber, 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 delivered a widely anticipated rate cut, but growing divisions among policymakers spooked markets. Strong AI-driven spending fuelled big-tech earnings, but the outlooks dented the bullish mood. Eurozone markets gained on robust banking performance, while the main indices in the UK and Spain hit another all-time high. The Bank of Japan opted to leave rates unchanged at its meeting today. The meeting between Presidents Trump and Xi ended and has eased some global trade concerns – but underlying tensions persist. Norbert Rücker, Head of Economics and Next Generation Research, talks about rare earths as well as oil in light of the latest sanctions.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:31) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:41) - Oil and rare earths: Norbert Rücker, Head of Economics & Next Generation Research (13:05) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Im Podcast „Streitkräfte und Strategien“ geht es an Tag 1332 des russischen Angriffskrieges gegen die Ukraine um den umstrittenen Vorschlag, junge Männer per Losverfahren für den Wehrdienst auszuwählen. Sollten künftig nicht ausreichend Freiwillige gefunden werden, könnte es bald auch eine verpflichtende Wehrpflicht für bestimmte Jahrgänge geben. „Das Problem der Wehrgerechtigkeit ist juristisch komplex“, sagt Verteidigungsexperte Uli Hauck aus dem ARD-Hauptstadtstudio und kritisiert im Gespräch mit Anna Engelke die schlechte Kommunikation der Bundesregierung und auch der Fraktionen im Bundestag. Norbert Röttgen von der CDU verteidigt das Verfahren als „fair und rational“: „Nach dem Zufallsverfahren trifft jeden Mann die gleiche Chance, das gleiche Risiko.“ Demgegenüber steht die scharfe Kritik von Grünen-Fraktionschefin Katharina Dröge: „Dieser Vorschlag erzeugt einen verheerenden Eindruck im Land.“ Unterdessen soll es nach dem erfolglosen Treffen von Donald Trump und Wladimir Putin in Alaska vor zwei Monaten ein neues Treffen in Budapest geben. „Würde es Dich stören, wenn ich ein paar tausend Tomahawks an Deine Gegner gebe?“, soll der US-Präsident nach eigenen Angaben Putin gefragt haben. Kai Küstner bleibt im Podcast eher skeptisch und hält für möglich, dass der Kreml das Telefonat lediglich genutzt habe, um Trump von scharfen Sanktionen abzuhalten und die drohenden Waffenlieferungen in letzter Minute zu blockieren. Es gehöre zur Kreml-Strategie, erklärt Kai, die USA und die Ukraine auseinander zu treiben. Das dürfte Putin ein Anliegen gewesen sein, nachdem Trump sich in den letzten Wochen auf die Seite der Ukraine zu schlagen schien und auch die Lieferung von Tomahawk-Marschflugkörpern in Aussicht gestellt hatte. Lob und Kritik, alles bitte per Mail an streitkraefte@ndr.de Kai Küstner im 11KM: der tagesschau-Podcast über die Wehrpflicht: https://1.ard.de/11km_Wehrdienst_Debatte Mitreden! Deutschland diskutiert über die Wehrpflicht (mit Uli Hauck): https://www.ardaudiothek.de/episode/urn:ard:episode:f2fe7fdad2ea1c60/ Twitch Kanal der Tagesschau: Wieder Streit um Wehrpflicht (mit Stefan Niemann und Uli Hauck) https://www.twitch.tv/videos/2593428587 Alle Folgen von “Streitkräfte und Strategien”: https://www.ndr.de/nachrichten/info/podcast2998.html

Dagmar Rosenfeld präsentiert das Pioneer Briefing

CDU-Außenpolitiker Norbert Röttgen blickt optimistisch auf die Einigung im Gaza-Krieg. Die Hamas hatte "keine andere Option mehr", als dem US-Friedensplan zuzustimmen. Bei ihrer Entwaffnung und der Zukunft Gazas sieht Röttgen viele offene Fragen. Engels, Silvia www.deutschlandfunk.de, Interviews

Global stock markets rally to fresh record highs amid upbeat developments in the automotive and artificial intelligence sectors, with gains extending beyond the US into European bourses. Meanwhile, Warren Buffett has re-entered acquisition mode for the first time since 2022, signalling renewed confidence in deal-making opportunities. In today's podcast, we welcome Norbert Rücker, Head of Economics and Next Generation Research, who shares his latest insights on commodity markets – with a particular focus on oil and natural gas.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:48) - Commodities update: Norbert Rücker, Head of Economics & Next Generation Research (11:04) - 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 equities surged again yesterday, closing off their intraday highs but nevertheless achieving new records. US PPI data confirmed that growth is slowing, providing more of the data that the Fed needs to start cutting rates again – markets will now scrutinise today's CPI data for more clues. Oracle's near 36% rally yesterday was sparked by astonishing cloud demand numbers. Asian tech also drove markets there higher. Norbert Rücker, Head of Economics & Next Generation Research, explains why his team believes oil prices should trend lower and gold higher in the next 12 months, whilst Nicolas Jordan, CIO Strategy & Investment Analysis, provides some insights into relative trends in equity style factor performance and why they are important when making portfolio decisions.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:35) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (05:35) - Oil and gold: Norbert Rücker, Head of Economics & Next Generation Research (10:05) - Update from the CIO Office: Nicolas Jordan, CIO Strategy & Investment Analysis (14:12) - 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.

Anfang dieser Woche waren die Fraktionschefs von Union und SPD, Jens Spahn und Matthias Miersch, in der Ukraine. Sie besuchten den Schauplatz russischer Kriegsverbrechen in Butscha und trafen den ukrainischen Präsidenten. Georg Ismar, politischer Korrespondent der Süddeutschen Zeitung, war bei der Reise dabei. Er sieht in ihr auch ein innenpolitisches Signal, das Einigkeit beim Thema Ukrainehilfen zeigen soll. In dieser Folge berichtet Ismar, worüber unterwegs gesprochen wurde und wie viel Unterstützung Deutschland der Ukraine in Zukunft zusichern könnte. Anne Will und Georg Ismar sprechen außerdem über das neue Wehrdienstgesetz. Derzeit hat die Bundeswehr rund 180.000 Soldatinnen und Soldaten. Diese Zahl soll auf 260.000 anwachsen, zudem braucht es eine viel größere Reserve als bisher, denn die NATO hat die Anforderungen an ihre Mitgliedsstaaten erhöht. Die schwarz-rote Koalition hat sich nun vergangene Woche auf einen Entwurf für das geplante Wehrdienstgesetz verständigt. Das Gesetz setzt auf Freiwilligkeit, wie Verteidigungsminister Boris Pistorius von der SPD betont. Aus der Union kommt Kritik, zum Beispiel von CDU-Außenpolitiker Norbert Röttgen: “Es fehlt an jeder Zahl und an jeder Frist, was wann zu erreichen ist, so dass Maßnahmen ergriffen werden können, wenn man die Ziele verfehlt.” Hat Schwarz-Rot hier nur einen “vermurksten Kompromiss” gefunden, wie Katharina Dröge von den Grünen bemängelt? Und ist die deutsche Gesellschaft bereit für die Schritte, die das Gesetz ankündigt? Der Redaktionsschluss für diese Folge war Dienstag, 02.09.2025 um 16:30 Uhr.

French stocks have staged a modest recovery following the recent sell-off, while government bond spreads relative to neighbouring Germany have continued to widen. Meanwhile, the S&P 500 reached a new record high, as investors awaited Nvidia's Q2 earnings report after the market close. Despite exceeding analyst expectations, Nvidia's share price declined in after-hours trading. To discuss how current geopolitical developments may influence commodity prices, we are joined by Norbert Rücker, Head of Economics and Next Generation Research.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:31) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (07:23) - Energy markets: Norbert Rücker, Head of Economics & Next Generation Research (12:02) - 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.

Dagmar Rosenfeld präsentiert das Pioneer Briefing

Benchmark equity indices in the US, Italy, Spain, and the UK have surged to new highs, fuelled by a benign US inflation report and Germany's inflation data confirming a sub-2% reading. US Treasury Secretary Scott Bessent says US interest rates could be 150 to 175 basis points lower. Bitcoin has hit a new all-time high, with Ether also close to its record high. Japanese shares are down on a stronger yen, after previously reaching a record high. Norbert Rücker, Head of Economics and Next Generation Research, weighs in on the energy market outlook: from oil to gas and Friday's US-Russia summit.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:45) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:14) - Update on oil and gas: Norbert Rücker, Head of Economics & Next Generation Research (13:34) - 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.

Die USA haben mit 14 Tonnen schweren bunkerbrechenden Bomben iranische Atomanlagen angegriffen. Die Operation "Mitternachtshammer" hat möglicherweise das iranische Atomprogramm zerstört - sicher ist das noch nicht. Norbert Röttgen, stellvertretender Fraktionsvorsitzender der Union, sagt im Interivew mit Helene Bubrowski: „Es war ein Akt militärischer Gewalt. Ob daraus ein Krieg wird, ist die entscheidende offene Frage.“ Diese Eskalation wirft Fragen nach Völkerrecht und den möglichen Folgen für die Stabilität im Nahen Osten auf. Röttgen ergänzt: „Die Diplomatie hat eben auch ihre Grenzen.“Ein erschütternder Fall von virtuellem Kindesmissbrauch schockiert Hamburg und ganz Deutschland. Ein 20-jähriger Mann, der sich online "White Tiger" nannte, wird wegen sexuellen Missbrauchs und Mordes in 120 Fällen angeklagt, nachdem er Kinder virtuell sexuell missbraucht und in den Suizid getrieben hat. Kerstin Claus, die Missbrauchsbeauftragte der Bundesregierung, kritisiert, dass Hinweise der US-Behörden bereits vor zwei Jahren vorlagen. Sie fordert schnell neue gesetzliche Regelungen: „Wir müssen uns klar machen, im Moment sind Kinder und Jugendliche, ich muss es so hart sagen, Freiwild im digitalen Raum.“ Der Interviewauszug von Außenminister Johann Wadephul stammt aus „Berlin Direkt“ im ZDF. Verteidigungsminister Pistorius war am Abend zu Gast bei Caren Miosga in der ARD. Die vollständigen Interviews sind in den Mediatheken verfügbar.Table.Briefings - For better informed decisions.Sie entscheiden besser, weil Sie besser informiert sind – das ist das Ziel von Table.Briefings. Wir verschaffen Ihnen mit jedem Professional Briefing, mit jeder Analyse und mit jedem Hintergrundstück einen Informationsvorsprung, am besten sogar einen Wettbewerbsvorteil. Table.Briefings bietet „Deep Journalism“, wir verbinden den Qualitätsanspruch von Leitmedien mit der Tiefenschärfe von Fachinformationen. Alle Informationen zum Trade.Table:https://table.media/aktion/tradetableProfessional Briefings kostenlos kennenlernen: table.media/testen Audio-Werbung Table.Today: jan.puhlmann@table.media Hosted on Acast. See acast.com/privacy for more information.

Markets await clarity on US involvement in the Middle East conflict. The US Federal Reserve holds rates steady, citing inflation and tariff uncertainty. US bank stocks rise on deregulation hopes, while crypto stocks surge after stablecoin legislation passes. The Swiss National Bank will be the first major central bank to lower interest rates to 0% today. Norbert Rücker, Head of Economics and Next Generation Research, provides our latest views on the oil market amid the war in the Middle East. Mathieu Racheter, Head of Equity Strategy, talks about two interesting markets amid all the uncertainty: Swiss mid-caps and Indian stocks.(00:00) - Introduction: Bernadette Anderko, Investment Writing (00:31) - Markets wrap-up: Mike Rauber, Investment Writing (05:17) - Oil: Norbert Rücker, Head of Economics & Next Generation Research (09:30) - Equity markets: Mathieu Racheter, Head of Equity Strategy (13:32) - Closing remarks: Bernadette Anderko, Investment Writing 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 tensions escalating in the Middle East, markets are on edge. Are we seeing a fundamental supply shock in oil —or just a sentiment-driven spike? What are the ripple effects on oil trade routes and prices? And will gold continue to benefit as a safe haven amid rising geopolitical risk and central bank demand?Richard Tang, China Strategist and Head of Research Hong Kong, speaks with Norbert Rücker, Head of Economics and Next Generation Research, to unpack the implications for commodities—and what long-term investors should keep in mind.

In Los Angeles zeigt sich die Spaltung der amerikanischen Gesellschaft gerade unter einem Brennglas. Donald Trump bezeichnet die Stadt als “Müllhaufen”, der aus der Hand von Kartellen befreit werden müsse. Bürgermeisterin Karen Bass wirft der Trump-Regierung vor, ein Experiment mit der Stadt durchzuführen, indem die Armee im Inneren eingesetzt wird, um liberale Städte und Bundesstaaten einzuschüchtern. Was passiert da gerade in Kalifornien? Was will Trump mit seiner radikalen Abschiebepolitik erreichen? Und was bedeutet das für unser Verhältnis zu den USA?

Although the US trade deal with China is ‘done', according to President Trump, the worst is not yet over for other countries. They can expect to receive a letter from Trump outlining his terms for trade in the coming weeks. Renewed trade tensions and escalating conflicts in the Middle East are dampening investor sentiment. Yesterday, stock markets saw a broad decline, while oil and gold prices rose. Also on the show today is our Group Chief Investment Officer, Yves Bonzon, who offers valuable insights into the current market landscape. Additionally, Norbert Rücker, Head of Economics & Next Generation Research, provides an update on the evolving dynamics in the commodities market.(00:00) - Introduction: Helen Freer, Investment Writing (00:27) - Markets wrap-up: Lucija Caculovic, Investment Writing (07:18) - Market update (macro update, USD, gold): Yves Bonzon, Group CIO (16:01) - Commodities update: Norbert Rücker, Head of Economics & Next Generation Research (22:25) - Closing remarks: Helen Freer, Investment Writing 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.

It's become a rite of passage for world leaders: the Oval Office meeting with President Trump. Now, it's the turn of the relatively new Chancellor of Germany, Friedrich Merz. Germany is the focal point for much of Trump's ire towards Europe, and a key priority will be to stave off looming tariffs. But also, high on the agenda is Ukraine. Member of German Parliament for Merz's CDU party, Norbert Röttgen, joins the show from Berlin.  Also on today's show: CNN senior White House reporter Kevin Liptak; author Evan Osnos ("The Have and Have-Yachts: Dispatches on the Ultrarich"); Flexport founder/CEO Ryan Petersen  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Während CDU-Außenpolitiker Norbert Röttgen sich zur europäischen Armee äußert, wurde Friedrich Merz in einer Diskussionsrunde schon mal als „Chancellor“, also Bundeskanzler, angesprochen. Das Gesprächsprogramm von Merz las sich wie das eines deutschen Bundeskanzlers.

Yascha Mounk and Norbert Röttgen discuss the war in Ukraine and Germany's political, economic, and security crisis. Norbert Röttgen is a senior leader of the Christian Democratic Union. A former cabinet minister, he was chair of the Bundestag's Foreign Affairs Committee from 2014 to 2021. Röttgen is the author ofDemocracy and War: Politics and Identity in a Time of Global Threats. In this week's conversation, Yascha Mounk and Norbert Röttgen discuss the insufficiency of Germany's support of Ukraine (and theZeitenwende that wasn't); the nascent pro-Russian movement gaining strength on the margins of German politics; and whether the path to an independent and secure Europe runs through Germany. This transcript has been condensed and lightly edited for clarity. Please do listen and spread the word about The Good Fight. If you have not yet signed up for our podcast, please do so now by following this link on your phone. Email: podcast@persuasion.community  Website: http://www.persuasion.community Podcast production by Jack Shields, and Brendan Ruberry Connect with us! Spotify | Apple | Google Twitter: @Yascha_Mounk & @joinpersuasion Youtube: Yascha Mounk LinkedIn: Persuasion Community Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices