Moving Markets

A higher-than-expected January retail sales number in the US yesterday did nothing to spur the stock market rally, with all the major indices ending the day in the green. Asia followed suit. The next data point is US jobless claims due out today. Carsten Menke, Head of Next Generation Research, explains his call on where gold goes from here, and Nicolas Jordan updates us on the latest Investment C...

In the US, Federal Reserve officials are stressing that they might need more interest-rate increases to help tame inflation but  they are expressing differing views about how close they are to stopping after new data showed signs that inflation is not falling as quickly as hoped. Meanwhile, the European Union is poised to force banks to report information on Russian Central Bank assets as part of...

The major markets across the US and Europe all ended the day in the green yesterday. All eyes will be on the US inflation report due out later today, where investors will be assessing the implications of the latest data on future Fed policy. Kazuo Ueda was officially nominated as the new Governor of the Bank of Japan, replacing Haruhiko Kuroda. David Alexander Meier, Senior Economist at Julius Bae...

All eyes will be on the release of the January US inflation report this Tuesday, and it could well shape market action this week. Yet, it is not all macroeconomics – earnings season too remains in full swing with major companies reporting this week. Mensur Pocinci, Head of Technical Analysis, talks about why the golden cross technical pattern, which can be observed currently, supports the case for...

Investors are beginning to adjust to the prospect of higher interest rates, dragging down markets around the world. Meanwhile, job cuts in the tech sector continue, with Yahoo being the latest big tech name to announce layoffs. Manuel Villegas, Next Generation Research analyst, provides an update on digital assets with a special focus on Uniswap. 00:14 Introduction and markets wrap-up by Lucija Ca...

US equity markets fell yesterday as investors digested comments from four Federal Reserve officials that the Fed needs to continue to raise interest rates to fight inflation. European markets were mixed, while Turkey’s stock exchange suspended trading for the first time in 24 years in the wake of the tragic earthquakes there. Norbert Rücker, Head of Macro & Next Generation Research, provides a...

A week after delivering a 25 basis point interest rate hike, Federal Reserve Chairman Jerome Powell welcomed disinflation yesterday, but warned that if we see stronger labour reports, or signs that inflation is creeping back in then “it may well be the case that we have to do more and raise rates more than is currently priced in”. The US equity markets dithered about which way to go during his spe...

Jerome Powell is scheduled to speak today with Investors eagerly awaiting his remarks. Rishi Sunak will appoint a new Conservative Party chair, after he sacked Nadhim Zahawi over a tax scandal more than a week ago. The Australian Dollar extended its gains and bonds fell after the central bank raised its key rate to the highest in 10 years. Sophie Altermatt, from Macro & Next Generation Researc...

Equities as well as bonds are trading lower this morning, with renewed tensions between the US and China over an alleged spy balloon and US payrolls and the latest ISM report threatening the common narrative of US interest rates peaking. However, from a technical perspective, US stock markets are showing plenty of positive momentum, as our Head of Technical Analysis Mensur Pocinci explains. The Ja...

Global equities were propelled higher yesterday by expectations that rates are soon to peak, even as the European Central Bank is leaning against this view, and a surge in shares of Meta Platforms. This morning, markets are being weighed lower by results of Apple, Amazon, and Alphabet. Tim Gagie, Head of FX&PM Solutions Geneva, notes that after the central bank meetings this week, FX markets w...

The US trading day was marred by an issue with the New York Stock Exchange system that caused hundreds of securities to commence trading without an opening auction price. After-hours trading saw Microsoft rally and then fall following better-than-expected earnings but a warning regarding its cloud-computing business. Dario Messi, Fixed Income Research Analyst, joins the show to explain the rationa...

Several data releases yesterday showed encouraging signs that the Federal Reserve’s interest rate hikes over the past year have begun to slow inflation. Investors are now eagerly awaiting today’s interest rate decision from the US and subsequent comments from Fed Chairman Jerome Powell – which could certainly provide the big headlines of the day. Dario Messi of Fixed Income Research provides an up...

Brexit is costing the UK economy GBP 100 billion a year and economists at Bloomberg believe the UK economy is 4% smaller than it might have otherwise been. In today’s episode, Mathieu Racheter, Head of Equity Strategy, provides an update on the Q4 US earnings season and Richard Tang, Head of Research Hong Kong, shares the latest news on the Chinese markets following last week’s Lunar New Year cele...

After a strong start to the year for global equities, there is plenty going on for investors to watch this week: earnings releases from major global companies, China returning from its Lunar New Year celebrations, central banks in the US, Europe, and the UK expected to raise rates, and tensions flaring up again in the Middle East after an Israeli drone strike inside Iran. Mensur Pocinci, Head of T...

Markets were lifted yesterday by the latest data from the US, which showed that GDP rose more than analysts had predicted. In addition, consumer spending remained clearly positive and jobless claims were lower than expected - all good news from the US economy. In Asia, Japanese inflation is making headlines after rising to its highest level since 1981. Tim Gagie, Head of FX & PM Solutions in G...

There were no big movements in the major US markets yesterday after the major indices in Europe all ended the day in the red. The US dollar has weakened ahead of US Q4 GDP data that comes out later today and the PCE inflation measure that is due out tomorrow. Norbert Ruecker, Head of Macro & Next Generation Research, shares his latest insights on the energy markets, and Nicolas Jordan, CIO Str...

The US trading day was marred by an issue with the New York Stock Exchange system that caused hundreds of securities to commence trading without an opening auction price. After-hours trading saw Microsoft rally and then fall following better-than-expected earnings but a warning regarding its cloud-computing business. Dario Messi, Fixed Income Research Analyst, joins the show to explain the rationa...

US car manufacturer Ford announces plans to slash 3,200 jobs across Europe. The Nasdaq 100 gains 2.2%, marking its strongest 2-day rally since November. Mathieu Racheter, Head of Equity Strategy, takes a closer look at the impact of China’s reopening. And Chief Economist David Kohl provides his insights on US GDP forecasts. 00:14 Introduction and markets wrap-up by Jonti Warris (Investment Writing...

US equities rallied on Friday following better than expected earnings reports; Alphabet's admission that it needs to reverse some of the business decisions it made during the pandemic; and members of the Federal Reserve arguing for a moderation in interest rate hikes. One interesting observation: US monthly new home sales for December were reported on Friday at 4 million, well below the 5 million...

US equity markets fell yesterday as investors digested comments from US Federal Reserve officials that monetary policy tightening has not yet finished. All the major indices in Europe also ended the day in the red. Tim Gagie, Head of FX & PM Solutions in Geneva, shares his views on currencies, and Manuel Villegas from Next Generation Research provides an update on digital assets. 00:14 Introdu...

After a strong start to the year, equity markets in the US and China saw investors take some of their chips off the table overnight. The Dow Jones for example lost 600 points, as investors took profits on some of the strong January gains and as a disappointing December retail sales reading raised concerns of a recession. Meanwhile, the 10 year US Treasury bond continued to rally, seeing its yield...

German Chancellor Olaf Scholz has said that Germany will not fall into a recession. And the Bank of Japan has decided to further maintain its ultra-low interest rate policy, causing the yen to tumble over 2.5%. Dario Messi from Fixed Income Research, explains the implications of the BoJ’s decision for bond markets. 00:14 Introduction and markets wrap-up by Jonti Warris (Investment Writing) 03:07 B...

Asian stocks dip this morning, with traders selling on weaker than expected Chinese gross domestic product data despite an uptick towards year-end. Japanese stocks are up on the prospects of a further adjustment of the Bank of Japan’s yield-curve-control policy at the central bank’s meeting tomorrow. Mathieu Racheter, Head of Equity Strategy, shares his thoughts about Q4 results reported by some o...

US equities reversed their initial losses on Friday as investors seemed to like what they heard from major US banks on their earnings releases and US short-term inflation expectations fell to their lowest in nearly two years. An interesting observation: after the recent rally, Hong Kong’s Hang Seng Index has outperformed the S&P 500 Index over the last twelve months. Mensur Pocinci, Head of Te...

The US inflation data was certainly the most important news item yesterday - the US stock market seesawed in reaction to the data and then ended in the green. While market participants are now speculating on the future interest rate path of the US Federal Reserve, they are slowly but surely turning their attention to the earnings season, which kicks off today with the usual big US banks. Tim Gagie...