Moving Markets: Daily News

The European Central Bank delivered a 25 basis point rate cut yesterday and their comments left investors and traders alike expecting more cuts to come. The Stoxx 600 Index closed at a new all-time high. A busy day for earnings in both Europe and the US saw results from some of the big names and more news from the Magnificent 7. Microsoft, Meta, Tesla, and Apple all saw their shares move higher on the day and the major US indices ended the session in positive territory. Tim Gagie, Head of FX & PM Solutions Geneva, joins the podcast to talk about the reaction of the euro to the ECB rate cut and provide an overview of precious metals in light of gold reaching a new all-time high.

00:00 Introduction by Helen Freer (Investment Writing)
00:23 Markets wrap-up by Bernadette Anderko (Investment Writing)
07:17 FX and metals: Tim Gagie (Head of FX & PM Solutions Geneva)
11:23 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.