Moving Markets

LVMH and Richemont earnings reports drove luxury stocks higher last week, with Eurozone equities outperforming. US equities underperformed, but still reached an all-time high. This week will be all about the Fed, but also the Bank of England’s interest rate decision. Alphabet, Apple, Amazon, Microsoft and Meta (five of the Magnificent 7) will also likely drive markets as they report earnings. Geopolitical tensions will be in focus after the first US troops were killed in the Middle East since hostilities between Israel and Hamas began. Mensur Pocinci, Head of Technical Analysis, notes that the path of least resistance in the markets is for bond yields to fall and (US growth) equities to rise.

00:00 Introduction by Lucija Caculovic (Investment Writing)
00:27 Markets wrap-up by Mike Rauber (Investment Writing)
06:18 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)
09:19 Closing remarks by Lucija Caculovic (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.