Moving Markets

China's central bank has unexpectedly cut a key interest rate due to weakness in its economy and it being on the brink of deflation, while Japan's economy accelerated in the second quarter on a surge in exports. In the US, artificial intelligence stocks led a market rally in technology stocks, while small caps traded at their lowest level in a month. Argentina was forced to devalue its currency by 18% and hiked its key interest rate by 21% after an election upset, while the Bank of Russia is meeting as the Russian ruble fell below 100 per USD. David Kohl, Chief Economist, said that the US Federal Reserve has completed its tightening cycle, while the Bank of England only has one more rate hike of 0.25% to go.

00:14 Introduction by Helen Freer (Investment Writing)
00:47 Markets wrap-up by Mike Rauber (Investment Writing)
06:35 Outlook for Fed and Bank of England by David Kohl (Chief Economist)
15:55 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.