Moving Markets

Three themes dominated markets yesterday: earnings, AI and macro risks. Strong results boosted stocks such as Deutsche Telekom and Diageo, while disappointments weighed on several industrial and technology names. AI remained a key driver, supporting China's trade data and attracting strong demand for Alphabet's USD 25 billion bond offering. Meanwhile, Middle East tensions lifted oil prices and bond yields as investors looked ahead to today's US payrolls report for clues on Fed policy. Damian Ng, Next Generation Research, explains why success in biotechnology increasingly depends on strong innovation ecosystems. Tim Gagie, Head of FX Advisory in Geneva, discusses gold's breakout attempt, the possibility of further JPY intervention, and why expectations for USD weakness may have become overly pessimistic.

  • (00:00) - Introduction: Helen Freer, Product & Investment Content
  • (00:38) - Markets wrap-up: Mike Rauber, Product & Investment Content
  • (06:43) - Ecosystems in Genomics: Damien Ng, Next Generation Research
  • (09:12) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva
  • (13:44) - Closing remarks: Helen Freer, 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.