Moving Markets: Daily News

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: 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.