Moving Markets: Daily News

While European stocks had a subdued start yesterday, broader US indices managed to kick off the second half of 2025 firmly in the green, shrugging off concerns on the looming tariff ‘decision day’ on 9 July. However, big tech mega caps dragged down the S&P 500 and the Nasdaq. Talk of the day was the Senate’s passing of the ‘Big, beautiful (tax) bill’ as President Trump calls it, and a flurry of manufacturing activity reports from around the globe, which showed that this part of the economy keeps on facing challenges. Dario Messi, Head of Fixed Income Research, explains why he believes that the US Treasury yield curve is likely to steepen going forward.

  • (00:00) - Introduction: Bernadette Anderko, Investment Writing
  • (00:28) - Markets wrap-up: Roman Canziani, Head of Investment Writing
  • (06:27) - Bond market update: Dario Messi, Head of Fixed Income Research
  • (12:55) - Closing remarks: Bernadette Anderko, 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.