Moving Markets

The Nasdaq surged 7% last week, driven by the US-China trade truce and President Trump's USD 2 trillion Middle East deals. Novo Nordisk's CEO resigned, and Moody's downgraded the US credit rating due to rising deficits. In China, retail sales grew 5.1% year-on-year, despite slowing industrial output. Mensur Pocinci, Head of Technical Analysis, notes that the short-term US equity market recovery remains intact, even as the USD remains in a bear market.

00:00 Introduction by Bernadette Anderko (Investment Writing)
00:28 Markets wrap-up by Mike Rauber (Investment Writing)
05:58 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis)
08:16 Closing remarks by Bernadette Anderko (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.