Moving Markets

Nvidia did not meet lofty earnings expectations and its stock fell 6%, while revised Q2 US GDP figures beat expectations at 3%, meaning more stocks rose than fell on the S&P 500. US Treasury yields rose on the better economic data, although Treasuries are on track for a fourth month of gains. In Europe, inflation fell and Germany's DAX rose to near all-time highs. Asian equities are higher, led by China on reports ofincreased support for the ailing housing market, while Tokyo inflation data supports the case for further interest rate increases there. Today's key data will be the core PCE inflation figures - the US Federal Reserve's key inflation indicator. Tim Gagie, Head of FX & PM Solutions Geneva, discusses whether we have seen the end of the dollar's weakness.

00:00 Introduction by Helen Freer (Investment Writing)
00:21 Markets wrap-up by Mike Rauber (Investment Writing)
08:48 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)
12:58 Closing remarks by Helen Freer (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.