Moving Markets

Yesterday saw a flurry of economic data releases, accompanied by significant political developments. The US economy demonstrated stronger-than-expected resilience in the second quarter, expanding at a revised annualised rate of 3.3%, while recent labour market figures suggest a supportive backdrop. Meanwhile, Donald Trump’s attempt to dismiss Federal Reserve Governor Lisa Cook, followed by her decision to sue the President, could have a profound effect on the relationship between the White House and the central bank. Stock markets remained robust yesterday, with the S&P 500 reaching a new intraday high. Attention now turns to today's key US economic data release: the Personal Consumption Expenditures Price Index – the Federal Reserve's favoured measure of inflation. 

Joining us today are Nenad Dinic, who offers insights into the French equity market amid ongoing political uncertainty, and Tim Gagie, who provides an update on the current trends in FX and precious metals.

  • (00:00) - Introduction: Helen Freer, Product & Investment Content
  • (00:31) - Markets wrap-up: Lucija Caculovic, Product & Investment Content
  • (06:25) - Equity update – France: Nenad Dinic, Equity Strategy Research
  • (10:38) - FX and metals: Tim Gagie, Head of FX/PM PB Geneva
  • (15:08) - Closing remarks: Helen Freer, Product & Investment Content

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.