Moving Markets

Equity markets rebounded strongly last week, driven by tame inflation data, stabilising macro data, and solid earnings. Quant funds are expected to rebuild their positions, and corporate America is buying the dip, with record orders for share buybacks. And Mensur Pocinci, Head of Technical Analysis, talks about why he thinks the recent bounce is an early start to the year-end rally. 00:00 Introduc...

Global equities surged, driven by US stocks, as strong retail numbers and encouraging jobless claims alleviated recession fears. US Treasury yields and the dollar also climbed. Meanwhile, gold rose on Middle East tensions and expectations of interest rate cuts. Retail giants Walmart (the world’s largest retailer) and Alibaba (China’s largest retailer) saw their shares jump, with Walmart boosting i...

This week's inflation data releases have been favourably received by financial markets. After the UK, the US also released inflation figures that indicate further progress towards disinflation, paving the way for potential interest rate cuts beginning in September. The extent of the first cut – whether it will be 0.25% or even 0.5% – will be determined by incoming data. Also on today’s show, Norbe...

European equities had a good session despite disappointing sentiment data from Germany while US producer prices rose less than forecast, indicating continued disinflation. This has boosted hopes for a US Federal Reserve rate cut in September, sending yields lower and stocks higher. And Dario Messi, Head of Fixed Income Research, talks about the health of the bond market, why his team upgraded the...

Oil prices have rallied on reports that an Iranian retaliatory attack against Israel has grown even more likely and could be imminent. In the US, stocks closed yesterday’s session flat, maintaining the momentum from late last week as investors braced for key inflation data due this week. Manuel Villegas, Next Generation Research, provides us with the latest news from the world of digital assets in...

Global equity markets staged a remarkable recovery from the panic at the start of last week, while government bonds and gold acted as effective hedges during the market turmoil. This week, all eyes will be on the US economic reports and whether they will show that the US economy is indeed set for a soft landing and lower inflation. There will be a lot of attention on the JPY after its recent movem...

US stocks surged yesterday, with the S&P 500 climbing 2.3% in its strongest session since November 2022. The positive market sentiment was fuelled by a drop in US initial jobless claims to the lowest level since late May, which also led to an upward shift in the yield curve. In Asia, equities rose across the region on the back of encouraging Chinese consumer price data, which pointed to a pote...

Equity markets rallied after Bank of Japan Deputy Governor Uchida talked down the Japanese yen - but the rally faded into the US close as investors realised that more economic challenges may lie ahead. Nicolas Jordan, CIO Office, explains how our investment strategy is affected by the current bout of volatility across markets and asset classes. 00:00 Introduction by Helen Freer (Investment Writing...

US stocks surged yesterday, recouping some of the losses from the massive sell-off, and the rally continued overnight with all major Asia-Pacific markets trading in the green. As investor confidence grows globally, demand for safe-haven assets such as Treasuries has decreased, leading to a decline in Treasury prices and a rise in yields. In today’s episode, we're joined by Mathieu Racheter, Head o...

After the global stock-market rout accelerated yesterday, with losses cascading across tech shares and Japanese equities crashing by the most in over a decade, Japanese stock indices have staged a turnaround and are leading gains in Asia today. In today’s special episode, Christian Gattiker, Head of Research, shares his insights into the latest equity market developments and how he see things goin...

A weaker-than-expected US jobs report added to concerns that the Federal Reserve has been too slow to cut interest rates. Rate cut expectations increased strongly amid a slowing US job market pulling government bond yields lower, while global equities continue to sell off with the tech-heavy Nasdaq underperforming. The sell-off wiped out more than USD 2 trillion in value in just over three weeks a...

The past 24 hours have seen an increasingly precarious backdrop for risk markets. A perfect storm of weak US data and disappointing earnings outlooks or results from industry behemoths such as Amazon, Apple and Intel triggered a global sell-off. Safe havens such as US Treasuries rallied, with the policy-sensitive two-year yields touching a 14-month low amid increased bets on rate cuts by the Feder...

Ahead of the US Federal Reserve’s policy decision later today, the Bank of Japan raised interest rates to around 0.25% this morning, whilst also announcing a reduction to its bond buying programme. The Bank of England will announce their rate decision tomorrow and there, the markets are still undecided as to whether they will cut rates or wait another month. Microsoft’s results yesterday showed th...

The sell-off in large-cap tech companies seemed to have found a pause yesterday, with a Magnificent 7 ETF rising for the second day in a row. This week’s earnings reports from major US tech firms will be crucial in determining whether they can bounce back from last week’s losses. Meanwhile, in fixed income, companies are scrambling to secure funding ahead of this week’s pivotal central bank meetin...

Equity markets are broadly higher following a string of positive economic data on US growth and inflation at the end of last week. The entire crypto space is also rallying after presidential hopeful Donald Trump said that, if elected, he would make the US the ‘crypto capital of the planet and the bitcoin superpower’. Mensur Pocinci, Head of Technical Analysis, believes that the consolidation in te...

Beyond the dominant theme of investors rotating out of technology and into small-cap stocks, another interesting trend has emerged: a shift from growth stocks to value stocks. Meanwhile, despite a widespread decline in business confidence across the eurozone, some upbeat earnings reports have managed to stand out. In the Asia-Pacific region, markets largely rebounded today, although Taiwan was a n...

Equity investors are having a tough few days as one after another of the darlings of the past 18 months or so report disappointing Q2 earnings or issue profit warnings. Meanwhile, the Japanese yen is staging an impressive comeback ahead of next week's Bank of Japan meeting. Carsten Menke, Head of Next Generation, gives us his view on the major industrial metals. 00:00 Introduction by Bernadette An...

Luxury companies continue to face cooling demand for their high-end goods in China. And mega-cap tech companies have had a lacklustre start to the earnings season. While equity markets are moving big on earnings reports, bond markets are taking a back seat. Dario Messi, Head of Fixed Income Research, talks about his expectations for bond markets going forward. And we have Mathieu Racheter, Head of...

Stocks are broadly higher as most markets take a breather after last week's dismal performance. The second largest digital token, Ethereum, is outperforming Bitcoin on news that several spot ETFs will start trading today. Manuel Villegas of Next Generation Research explains what potential investors in these ETFs need to consider. 00:00 Introduction by Bernadette Anderko (Investment Writing) 00:27...

There has been no summer lull in the markets so far. After last week's broad-based weakness in equity markets, a massive IT outage on Friday that caused global chaos and US President Joe Biden's announcement that he is dropping out of the race for the White House are keeping markets on their toes. Mensur Pocinci, Head of Technical Analysis, discusses the implications for broader trends from a tech...

The move away from large cap technology companies towards small cap and more cyclical names remains the big theme in the markets and led to a broad sell-off in US equities yesterday. Meanwhile in Europe, the European Central Bank decided to leave its main refinancing rate unchanged at 4.25% at its meeting yesterday. Across Asia, equities have largely struggled today, with the Hang Seng Index leadi...

Stocks, especially those in the IT and communication services sectors, came under heavy pressure yesterday as investors were forced to price in new political developments – political markets are back in focus. Nicolas Jordan from the CIO office talks about how our investment strategy is dealing with the new situation, and Norbert Rücker, Head of Economics and Next Generation Research, remains caut...

Rotation is the key word in financial markets at the moment, as leadership of the US market has shifted very quickly from the Magnificent 7 to the broader market. Mathieu Racheter, Head of Equity Strategy Research, talks about how investors should position themselves in this environment and sheds some light on the ongoing earnings season. And we have Dario Messi, Head of Fixed Income Research, on...

US stock markets are broadly higher as the odds increase that former President Donald Trump will return to the Oval Office in 2025. Meanwhile, European equities are suffering from a string of underwhelming economic data out of China. And Bitcoin is on the rise after Germany sold all of its confiscated tokens last week. Manuel Villegas from Next Generation Research talks about this and also links t...

European and US markets closed the week higher with some stock rotation in evidence after Thursday’s US CPI data fuelled optimism of a first Fed rate cut in September. The big banks started to announce Q2 earnings, and more than 40 S&P 500 companies are due to report second-quarter earnings this week . Then came the shock attempt on Donald Trump’s life at a rally in Pennsylvania. He escaped se...