Moving Markets

Lower-than-expected Q2 US GDP data yesterday added to investors’ hopes that the Fed might take a breather in its hiking cycle. Stock markets might have rallied in response but they are still set to end August lower. China’s official manufacturing purchasing managers’ index data came out below the magic 50 mark, indicating the economy is still contracting, but some Chinese building and AI companies were given a boost by positive sector news. Meanwhile, UBS announced record-breaking Q2 results. Our Head of Next Generation Research, Carsten Menke, explains that something does glisten more than gold (spoiler alert: it’s US Treasuries) and Nicolas Jordan from CIO Strategy & Investment Analysis joins us to share what our Investment Committee makes of the ‘unbelievable strength of the US economy’.

00:00 Introduction by Helen Freer (Investment Writing)
00:35 Markets wrap-up by Bernadette Anderko (Investment Writing)
07:36 Gold update by Carsten Menke (Head of Next Generation Research)
11:41 Update from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)
15:19 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.