Moving Markets

The US employment report for August showed a slower than expected increase in jobs, but a fall in the unemployment rate to 4.2%. Markets reacted negatively, with the S&P 500 having its worst week since March 2023, closing at 5408 points. Other asset classes such as Bitcoin and oil also fell sharply. Key events this week include the release of Apple's iPhone 16 on Monday, the Harris-Trump presidential debate on Tuesday and key economic data releases, including US consumer price inflation on Wednesday and an expected ECB rate cut on Thursday. Mensur Pocinci, Head of Technical Analysis, notes that 5350 is a key support level for the S&P 500.

00:00 Introduction by Helen Freer (Investment Writing)
00:24 Markets wrap-up by Mike Rauber (Investment Writing)
07:58 Technical Analysis update: Mensur Pocinci (Head of Technical Analysis Research)
11:05 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.