Moving Markets

Defence stocks soared across the globe yesterday after US President Trump called for a bigger military budget. Meanwhile, technology shares stumbled, oil rebounded sharply, and precious metals gained ground. In Asian trading, Fast Retailing impressed with strong earnings, while Rio Tinto slipped on merger talks with Glencore. We also discuss the narrowing US trade deficit, the Fed’s dovish signals...

Investors should prepare themselves for 2026 to be a year that rewards those who adapt early to the resets and rebalancing which are shaping the new investment landscape. So, what are the key themes? In this edition of Moving Markets - The View Beyond, Bernadette Anderko sits down with Christian Gattiker, Head of Research, and Mark Matthews, Head of Research Asia, to discuss Julius Baer's Market O...

Global equity markets closed marginally lower yesterday as they weighed the US administration’s moves on Venezuela and the potential for escalation regarding Greenland. Nevertheless, there were some bright spots: the Nasdaq was boosted by Alphabet, and the Kospi saw gains this morning as Samsung announced impressive Q4 earnings guidance. Defence stocks rose in Europe, but fell in the US, for diffe...

Global equities surged with US, European, and Asian markets reaching new highs, brushing aside geopolitical concerns. Copper and precious metals spiked on supply concerns and strong demand, while bond markets priced in more rate cuts following softer European inflation data. Still, geopolitical risks and upcoming economic data remain in focus, creating the first challenges of the year in Asian tra...

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,...

Global markets surged in 2025, fuelled by economic growth, AI optimism, and central bank rate cuts, though there were sharp swings in volatility at times. Commodities diverged: oil ended lower while precious metals soared, led by gold’s biggest annual gain in 46 years. 2026 started on a strong footing, driven by semiconductor stocks. Over the weekend, geopolitical tensions spiked with the arrest o...

Excerpt from Beyond Markets Podcast, originally published on 25.09.2025. This episode is part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January. When one thinks of safe-haven currencies, the Swiss franc, Japanese yen, and US dollar typically come to mind. But with ca...

Excerpt from Beyond Markets Podcast, originally published on 08.04.2025. This episode is part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January. In this episode of Beyond Markets we take a closer look at water. With water scarcity and extreme weather events on the in...

Excerpt from Beyond Markets Podcast, originally published on 13.08.2025. This episode is part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January. In this episode of Beyond Markets, Mark Matthews, Head of Research Asia at Julius Baer, speaks with General David H. Petra...

Excerpt from Beyond Markets Podcast, originally published on 24.08.2025. This episode is part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January. Investing in private markets has the potential to create long-term value in portfolios. But how can qualified and professi...

Excerpt from Beyond Markets Podcast, originally published on 12.09.2025. This episode is part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January. In this episode of Beyond Markets, we take a closer look at agentic AI, which is no longer just a concept. AI agents are a...

Excerpt from Beyond Markets Podcast, originally published on 01.10.2025. This episode is part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts. Our regular show that starts with daily market news returns on Monday 5th January. Structured products can provide investors with capital protection, enhanced yield, or targeted exposure to specific market...

In trading yesterday, lower inflation led the way, technology earnings brightened the day. A UK cut, the ECB’s soft tone, sent markets climbing, risk well-known. Across the seas, Japan stood tall, rates are the highest since the mid-2006 call. And to close the year with rhythmic cheer, Tim Gagie, Head of FX Advisory Geneva, penned a verse sincere. (00:00) - Introduction: Helen Freer, Product &...

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...

Markets digested a mix of headlines yesterday. In the US, the latest jobs report pointed to a resilient but cooling labour market. US equities were mostly subdued, though Tesla stole the spotlight with a record-breaking rally on robotaxi optimism. Oil prices swung sharply, first falling on hopes of a Russia-Ukraine peace deal before rebounding on renewed geopolitical tensions, while gold edged hig...

European equities rallied after industrial production data came in stronger than expected, while Wall Street traded cautiously ahead of a packed schedule of key labour‑market and inflation releases between today and Thursday. The US dollar, oil, gold, and bitcoin all slipped as investors absorbed a noisy flow of macro headlines. On today’s show, Dr. Damien Ng from Next Generation Research joins us...

The story that started with Oracle in the middle of last week continued with Broadcom on Friday. Despite its earnings and guidance actually breezing past expectations, the company's stock had lost 11% by the end of the day, and this filtered through to other tech names in both the US and Europe. Asia is also lower this morning with China in particular delivering some disappointing growth data. Nev...

Equities rallied broadly following the Federal Reserve’s post-rate-cut communication, though big tech underperformed amid concerns over valuations and leverage. At the same time, precious and industrial metals regained investor attention as the US dollar weakened and expectations for Chinese stimulus grew. Today, we’re joined by Tim Gagie, Head of FX Advisory in Geneva, who shares his insights on...

The US Federal Reserve cuts rates to 3.5%–3.75% but three dissenting members signal deepening divisions. It surprises with a new bond buying programme to start in the coming days. US small caps moved to an all-time high, US Treasury yields dipped, and the USD fell. Yet, Oracle’s outlook and additional financing needs are unsettling investors. Nasdaq futures and Asian technology stocks are lower. I...

We’ll finally get the last monetary policy decision of the year from the US central bank today and a 25 basis point cut is firmly priced in. Almost more important will be the dot plot, economic projections, and comments from Jerome Powell after the main event. Global equity markets have been relatively muted in the last 24 hours aside from some company specific news that you can catch up on in tod...

Financial markets were largely subdued yesterday, as investors awaited tomorrow’s pivotal Fed rate decision. But the corporate world was anything but quiet with Paramount challenging Netflix in the hostile bid for Warner Bros Discovery. Asian markets were mixed, oil prices eased on hopes for progress in Ukraine, and gold dipped ahead of the Fed decision. In tech, President Trump surprised markets...

Equities ended the week higher with US personal consumption expenditure data signalling easing inflation and bolstering expectations of a Fed rate cut this week. Meanwhile, Netflix’s blockbuster USD 72 billion Warner Bros. Discovery acquisition could shake up the streaming and entertainment landscape if approved. Joining today’s show is Markus Wachter from our Technical Analysis team. He talks abo...

Data showed low US jobless claims contrasting with continued corporate layoffs, leaving rate cut expectations for next week intact. This helped US small caps to outperform. Onshore China shares are rising following strong demand for the second-largest IPO this year. Global central banks now hold more gold than US Treasuries for the first time in 30 years. Tim Gagie, Head of FX Advisory Geneva, tal...

Markets are now pricing in an 89% chance of a rate cut by the Fed next week after November private payrolls data surprised, revealing 32,000 jobs were cut (instead of the expected 40,000 added). US indices closed marginally higher on the day, with Asian markets following suit. Japan’s 30-year government bond auction saw good demand, but JGB yields remain high as markets anticipate a rate hike. Car...

Equity markets staged a cautious rebound yesterday, with major indices posting modest gains. In Europe, utilities led the advance, lifting the broader market, while in the US, leadership came from big tech and AI-related stocks. Sentiment was buoyed by SoftBank founder Masayoshi Son’s revelation that he was “practically crying” to sell the company’s Nvidia stake, alongside a strong earnings report...