Moving Markets

The bond market is starting to think about what another Trump presidency could mean for yields. Despite slowing inflation and weak growth figures in the US and Europe, equities are thriving – the S&P 500 and Japan's Topix have just hit new all-time highs. On Friday, US Treasury yields fell and gold rose after a downward revision to US employment data. The Q2 earnings season kicks off later this week, with analysts expecting a 9% year-on-year rise in EPS, the strongest since Q1 2022. Kaspar Köchli, Economist, talks about the French election and the likely impact on French assets of the uncertainty following Sunday's vote. Mensur Pocinci, Head of Technical Analysis Research, stresses that gold is outperforming every other major asset class except US large-cap equities.

00:00 Introduction by Helen Freer (Investment Writing)
00:34 Markets wrap-up by Mike Rauber (Investment Writing)
07:18 French election result by Kaspar Köchli (Economist)
11:34 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)
14:30 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.