Moving Markets

US trade policy continues to weigh heavily on financial market sentiment, leading to a dismal day for US equities yesterday. The S&P 500 officially entered correction territory, joining the Nasdaq, while the Russell 2000 approached bear market territory. However, US Treasury Secretary Scott Bessent played down concerns, stating that he was not worried about ‘a little bit of volatility over three weeks’. Across the Atlantic,European wine and spirits companies came under pressure after Donald Trump threatened to impose 200% tariffs on their products, leading to a widespread downturn across the continent. In commodities, gold hit a new high overnight. Joining us today is Tim Gagie, Head of FX & PM Solutions in Geneva, who provides an in-depth update on metals and currencies, including a special focus on the Australian dollar.

00:00 Introduction by Helen Freer (Investment Writing)
00:21 Markets wrap-up by Lucija Caculovic (Investment Writing)
06:47 FX and metals by Tim Gagie (Head of FX & PM Solutions Geneva)
11:17 Closing remarks by Helen Freer (Investment Writing)

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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.