Moving Markets: Daily News

Markets had a risk-off day, with global equities, gold and Bitcoin falling. Investors are getting jittery ahead of next week's US elections, the Federal Reserve's interest rate decision, and China's National People's Congress. European stocks slumped after the release of eurozone inflation data. Big Tech earnings disappointed, with Meta and Microsoft shares tumbling. Amazon was higher, but Apple was lower in after-hours trading following its earnings release. China showed signs of recovery and oil prices ticked higher amid renewed tensions in the Middle East. Tim Gagie, Head of FX&PM Solutions Geneva, talks about the sharp move in GBP, the latest moves in metals and the USD ahead of the US elections.

00:00 Introduction by Helen Freer (Investment Writing)
00:24 Markets wrap-up by Mike Rauber (Investment Writing)
08:18 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)
15:52 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.