Moving Markets

The Euro Stoxx 600 index reached an all-time high yesterday, as did the German DAX index, led by strong earnings from companies like Siemens Energy and Adidas. In the US, President Trump's USD 100 billion AI infrastructure plan, called Stargate, and its focus on growth rather than protectionism has eased inflation concerns, causing the US yield curve and the US dollar to dip. US equities closer higher, but the CEO of JPMorgan cautioned that asset prices are somewhat inflated. Gold is near its all-time high. In Japan, the latest economic data supports a rate hike tomorrow. Carsten Menke, Head of Next Generation Research, notes that Stargate constitutes a continuation, rather than an acceleration, of the established structural trend.

00:00 Introduction by Helen Freer (Investment Writing)
00:34 Markets wrap-up by Roman Canziani (Head of Investment Writing)
06:02 Expansion of AI infrastructure: Carsten Menke (Head of Next Generation Research)
10:08 Closing remarks by 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.

What is Moving Markets?

Moving Markets is the home of podcasts at Julius Baer. Here, our expert teams share concise daily market updates in ‘Moving Markets Daily’ which is complemented by ‘Moving Markets: The View Beyond’, a weekly show dedicated to discussing the context, thematic angles, and investment implications behind key topics shaping the news cycle and conversations among our relationship managers and clients.

The information contained in this podcast is marketing material. Opinions expressed do not constitute independent financial/investment research, investment advice, or an offer to buy or sell securities by Julius Baer. Please refer to www.juliusbaer.com/legal/podcasts for important legal information prior to listening to this podcast.