Moving Markets

The Bank of England’s intervention to buy an unlimited amount of long-dated bonds triggered record gains for government debt. Stocks in the US also posted their best day since early August. Norbert Ruecker, Head of Macro & Next Generation Research, shares his latest insights on the energy markets. Ronny Kaufmann, CIO Strategy & Investment Analysis, gives an update on the latest CIO views....

Global stock markets continue to sell off whilst the US dollar strengthens further and US Treasury yields hit new highs. The IMF has called the UK’s proposed tax cuts excessive and suggested that they re-evaluate them. The European Commission President says that the Nord Stream leaks are an act of sabotage. Markus Allenspach, Head of Fixed Income Research, shares his thoughts on the current bond m...

Markets jittery following rollercoaster ride for the pound  The UK government's pledge to continue with more tax cuts caused the pound to plunge nearly 5% to a historic low yesterday. And there is growing speculation among investors that the pound could soon fall to parity with the US dollar or even beyond. Dario Messi, Fixed Income Strategy, provides his analysis on the outcome of the Italian gen...

The UK government's pledge to continue with more tax cuts has caused the pound to plunge nearly 5% to a historic low. Giorgia Meloni, who earned a resounding victory in the Italian election held on Sunday, is poised to become the nation's first female prime minister. Mensur Pocinci, our Head of Technical Analysis, gives a technical update and Tim Gagie our Head of FX & PM Solutions Geneva prov...

Equity markets across the US and Europe ended the day in the red yesterday. Central Bank meetings continued: the Bank of Japan left rates unchanged and then announced they were intervening in an attempt to stop the slide of the yen; the Swiss National Bank, the Norges Bank and the Bank of England all announced rate hikes. Carsten Menke, Head of Next Generation Research, also shares his latest thou...

The US Federal Reserve is willing to tolerate a recession as a necessary trade-off for regaining control over inflation. The US central bank raised interest rates by 75 basis points for the third time in a row, leaving the Federal Funds Rate between 3% and 3.25%. It also forecast a further tightening of 1.25 percentage points by the end of the year. Carsten Menke, our Head of Next Generation Resea...

US and Asian equity markets are lower and US Treasury yields remain at mutli-year highs ahead of the rate decision of the US Federal Reserve this evening. Market expectations are for a third consecutive 75 basis point hike. Dario Messi, Fixed Income Research, fills us in on bond markets movements as well as expectations not only for the Fed announcement today but also what the Swiss National Bank...

On Monday, US equities bounced back in the last hour of trading to erase early losses and finish in the green. The 2-year US Treasury yield rose to nearly 4%, its highest level since 2007. However, markets remain on something of a knife edge as investors are waiting for the US Federal Reserve and other central banks to deliver outsized rate hikes given stubbornly high inflation levels. In fact, Ja...

Global equity markets ended their worst week since June this year and are now focused on the various central bank decisions due this week. The weakness in markets reflects expectations of further interest rate hikes around the world and concerns that the aggressive tightening to curb inflation could trigger a recession. Mensur Pocinci, Head of Technical Analysis, takes a closer look at US equity a...

Concerns over the prospects of higher interest rates and the US company FedEx withdrawing its earnings forecast due to worsening business conditions are weighing on investor sentiment this Friday. Chinese data releases – while better than expected – did not help to calm investors’ nerves. Tim Gagie, Head of FX & PM Solutions Geneva, notes that the drop in the gold price is the most important d...

US equities recovered some of their losses yesterday, with Asia following suit, but concerns remain about the pace of US Federal Reserve tightening, as evidenced by the even steeper inversion of the US Treasury yield curve. Norbert Ruecker, Head of Macro & Next Generation Research, shares his thoughts on the energy situation and explains why he believes that despite the current higher prices,...

US inflation fell less than expected in August sparking a broad-based sell-off across markets. David Kohl, Chief Economist, provides further insights on the print and what it means for the Federal Reserve. Philipp Lienhardt, Head of Equities Research, gives an update on equities.   00:09 Introduction and markets wrap-up by Olivier Maris (Investment Writing) 03:20 US inflation numbers by David Kohl...

Ahead of key consumer price data due today, stocks rallied around the world yesterday, with risk sentiment lifted on speculation that inflation is near its peak. In Europe, natural gas prices finally dropped after the European Union began outlining the details of its intervention in the energy crisis. David Alexander Meier, Senior Economist, talks about UK politics and the British pound. 00:09 Int...

US equities rebounded from a three-week losing streak last week, even as bullish sentiment in investor surveys continued to deteriorate. The main economic event this week will be the release of the August US Consumer Price Index on Tuesday. It is the key economic data release before the US Federal Reserve’s interest rate decision on 21 September. Mensur Pocinci, Head of Technical Analysis, takes a...

Both the European Central Bank (ECB) and the US Federal Reserve remain committed to bringing down inflation by rising rates further. Meanwhile, UK politics takes a back seat as the world mourns the death of Queen Elizabeth II. David Kohl, our Chief Economist, comments on the interest rate decision by the ECB and Carsten Menke, Head of Next Generation Research, provides further insights on the Ethe...

The European Central Bank (ECB) takes centre stage today and is set to hike rates by either 50 or 75 basis points. Carsten Menke, Head of Next Generation Research, gives an update on gold and silver. Tim Gagie, Head of FX&PM Solutions Geneva, shares his latest insights on currencies. Nicolas Jordan, CIO Office, gives an update on this week’s investment committee decisions. 00:08 Introduction a...

Global stock markets extend their declines as the US dollar continues to strengthen, assisted by higher Treasury yields. Crude oil has fallen to its lowest level since January on concerns that a global slowdown will cut demand in Europe and the US – all this as China’s Covid strategy hurts consumption by the world’s largest crude importer. Markus Allenspach, Head of Fixed Income Research shares hi...

Liz Truss has won the conservative party leadership election and will become the next Prime Minister in the UK. Norbert Ruecker, Head of Macro and Next Generation Research, gives an update on the energy market. David Meier, Senior Economist, explains what the newly appointed British prime minister means for the country’s politics and the British pound. 00:08 Introduction and markets wrap-up by Oli...

US market action started positive on Friday following the release of a better-than-expected US payroll report. However, concerns about interest rates being higher for longer and the news that Gazprom would indefinitely halt its key gas pipeline to Europe led to a sharp reversal in US equities. European equity markets are sharply lower this Monday morning on the energy developments. Markus Wachter,...

The global bond sell-off means they have now fallen into their first bear market for a generation. Today investors await the US jobs report for August. Tim Gagie, Head of FX & PM Solutions in Geneva, shares his views on currencies, and Sipho Arntzen from Next Generation Research provides an update on digital assets. 00:08 Introduction and markets wrap-up by Helen Freer (Investment Writing) 03:...

Global bonds extend their sell-off, sending yields on two-year US Treasuries to a 15-year high. Norbert Ruecker, Head of Macro and Next Generation Research, gives an update on the Oil & Gas sector, and Nicolas Jordan, CIO Office, provides details on the latest discussions with regard to the bank’s investment strategy. 00:08 Introduction and markets wrap-up by Olivier Maris (Investment Writing)...

Global financial markets are in defensive mode, after US equities were lower for a third day in a row yesterday, and commodities experienced their biggest single drop yesterday since early July. On the bright side, US gasoline prices are now below levels the day the war in Ukraine started, giving a boost to consumer confidence. Economic data releases out of China and Japan came in better than expe...

Stock markets are taking a small breather this morning, reassessing the situation after it took Federal Reserve Chair Jerome Powell eight minutes to dictate the new normal with regard to the central banks’ inflation fighting plans. US Treasury yields are slightly down but the US yield curve is still heavily inverted. Markus Allenspach, Julius Baer’s Head of Fixed Income Research, explains where he...

Federal Reserve Chairman Jerome Powell spoke on Friday, with the markets reacting hawkish to his comments. In Europe, natural gas prices posted the biggest weekly gain in two months surging to fresh highs. Markus Wachter, from Technical Analysis, gives us a technical update. 00:09 Introduction and markets wrap-up by Alexander Petersen (Investment Writing) 02:52 Technical update by Markus Wachter (...

Global financial markets are awaiting today’s speech by Jerome Powell, while power prices in Europe continue to rise. Tim Gagie, Head of FX  & Precious Metals Solutions Geneva, looks at the major currency moves this week. Sipho Arntzen, Next Generation Research, shares his views on Ethereum and the upcoming ‘Merge’ 00:09 Introduction and markets wrap-up by Mike Rauber (Investment Writing) 04:1...