Moving Markets

US equities closed lower after choppy trading on Thursday, although they ended off worst levels. This followed three straight daily gains for the S&P 500, and major indices remain on track for modest weekly gains. Yesterday, big tech was mixed but Tesla notably lagged as Musk and Trump's public war of words escalated. Meanwhile, the European Central Bank cut rates as expected, but surprised markets with a more hawkish tone, casting doubt on the likelihood of another rate cut in July. Tim Gagie, Head of FX/PM Private Banking in Geneva, discusses what this means for the euro and how to position for today’s US payrolls.

  • (00:00) - Introduction by Helen Freer (Investment Writing)
  • (00:25) - Markets wrap-up by Jan Bopp (Investment Writing)
  • (05:34) - FX and metals markets by Tim Gagie (Head of FX/PM PB Geneva)
  • (10:02) - 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.