Stocks stage a comeback

US stocks surged yesterday, with the S&P 500 climbing 2.3% in its strongest session since November 2022. The positive market sentiment was fuelled by a drop in US initial jobless claims to the lowest level since late May, which also led to an upward shift in the yield curve. In Asia, equities rose across the region on the back of encouraging Chinese consumer price data, which pointed to a potential rebound in domestic demand. Meanwhile, Bitcoin and oil prices have risen this week, while gold has fallen slightly. Joining us today is our Chief Economist, David Kohl, who will help us make sense of the past week’s volatile markets.

00:00 Introduction by Helen Freer (Investment Writing)

00:31 Markets wrap-up by Lucija Caculovic (Investment Writing)

06:28 Macro update: David Kohl (Chief Economist)

18:08 Closing remarks by Helen Freer (Investment Writing)

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What is Moving Markets: Daily News?

Moving Markets is a daily market news briefing from Julius Baer. Our experts discuss the latest market developments and put the headlines in perspective to set you up for the coming day. 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.