Moving Markets

European equities closed off their lows as oil reversed most of its early 5% gain after easing Middle East tensions, leaving Brent near USD 94. Weak German factory orders weighed on sentiment, while stocks diverged, with Zealand Pharma down 23% and Banca Monte dei Paschi up 13% on takeover news. In the US, technology led gains as chip stocks rebounded, though sentiment softened after Apple’s developer conference. Strong demand for SpaceX’s IPO and OpenAI’s filing point to a solid pipeline. Asian markets followed the tech rebound, led by Korea and Japan, while Hong Kong lagged and China reported stronger-than-expected trade data. Biotech deal activity remained strong, while inflation concerns kept rate hike expectations elevated, with muted moves in precious metals and FX. Enrico Chinello, Next Generation Research, joined to discuss rising opposition to data centres in the US, and what it could mean for investors.

  • (00:00) - Introduction: Roman Canziani, Head of Product & Investment Content
  • (00:28) - Markets wrap-up: Mike Rauber, Product & Investment Content
  • (06:42) - Growing data centre opposition: Enrico Chinello, Next Generation Research
  • (10:03) - Closing remarks: Roman Canziani, Head of Product & Investment Content

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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.