Moving Markets

Markets were driven by headlines from the Trump–Xi summit in Beijing, where progress on trade and a surprise easing of US chip export restrictions to major Chinese tech firms lifted sentiment, particularly in technology. European equities closed higher and US indices reached fresh record highs, supported by strong earnings from Cisco, although gains in Asia faded as rising Treasury yields and renewed rate hike expectations weighed on sentiment. Corporate news was mixed, while Crypto-related stocks rallied following regulatory progress. Commodities showed divergence, with oil edging higher and metals softer. Overnight, Asian equities declined broadly, led by a sharp sell-off in South Korea. In today’s show, we are joined by Tim Gagie, Head of FX Advisory in Geneva, who shares insights on the British pound, precious metals, and ongoing volatility.

  • (00:00) - Introduction: Jan Bopp, Product & Investment Content
  • (00:35) - Markets wrap-up: Lucija Caculovic, Product & Investment Content
  • (06:41) - FX & Metals update: Tim Gagie, Head of FX/PM PB Geneva
  • (10:57) - Closing remarks: Jan Bopp, Product & Investment Content

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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.