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 importan...
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The View Beyond: The AI story behind US equity highs
<p>Despite geopolitical tensions, US equity markets have reached record highs, with artificial intelligence at the heart of this surge. What is driving these historic moves? How are investors positioning themselves to both capture the opportunities and manage the risks? </p><p>In this episode of The View Beyond, Bernadette Anderko is joined by Carsten Menke, Head of Next Generation Research at Julius Baer, and Manuel Villegas, Co-Manager of the Julius Baer Next Generation Equity Fund. They explore the rapid development of AI, the unprecedented growth in data centre infrastructure, and the evolving dynamics of the global value chain. The d...
US–China progress lifts markets, but rate concerns temper tech optimism
<p>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 se...
Risk-off mood deepens as inflation and oil jolt markets
<p>Markets showed a broad risk-off tone on Tuesday, with equities weaker and bond yields moving higher. Oil prices surged as hopes for a US–Iran deal faded, stoking inflation concerns after stronger-than-expected US inflation data. Dario Messi, Head of Fixed Income Research, explains the implications for bond markets and shares his view on UK gilts amid ongoing political turmoil. And Nenad Dinic, Equity Strategist, explains why he likes the Communications sector and highlights areas of strength and weakness within European equities.</p><p></p>(00:00) - Introduction: Roman Canziani, Head of Product & Investment Content (00:52) - Markets wrap-up: Jan Bopp, Product & In...
US tech rally continues while Europe lags and oil climbs
<p>European markets were weighed down by declines in the luxury sector yesterday, as concerns over weakening global demand dampened sentiment. In contrast, major US indices reached fresh record highs, led by strong gains in the technology sector. Meanwhile, oil prices are climbing again this morning amid signs that the Middle East ceasefire may be unravelling. Today, we are joined by Dr. Damien Ng from Next Generation Research, who will share his insights on the hantavirus outbreak and the role genomics and digital health tools are playing.</p><p></p>(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:34) - Markets wrap-up...
US equities up for six weeks in a row
<p>Strong earnings and resilient jobs data are prompting markets to rule out rate cuts this year. Semiconductor stocks continue to lead gains across the US and Asia, with South Korea and Japan hitting new highs, supported by AI investment. Inflation pressures reflected in China’s data release, rising oil prices amid a fragile Middle East ceasefire, and broader geopolitical risks remain in focus ahead of a busy week of data and events, including inflation releases from the US, Germany and Japan, the Trump–Xi meeting, the King’s Speech in the UK, and Kevin Warsh taking over the leadership at the...
The View Beyond: Reading between China’s headline indices
<p>Global equity markets have performed strongly, led by the AI-driven rally across the US, Japan, and Korea, while China’s headline indices have lagged in comparison. Yet beneath the surface, performance has been more nuanced, with parts of the market showing stronger momentum than index-level data suggests.</p><p>In this episode, Richard Tang, China Strategist and Head of Research Hong Kong at Julius Baer, speaks with Hong Hao, Managing Partner and CIO of Lotus Asset Management. They discuss why China’s markets have underperformed on the surface, whether traditional benchmarks are capturing the right parts of the economy, and...
Risk‑off mood returns as oil rebounds and uncertainty lingers
<p>Markets remained on edge as ongoing uncertainty around a potential US–Iran agreement drove a clear risk‑off tone. European equities moved broadly lower, while US indices pulled back after briefly touching record highs, weighed down by weakness in technology and semiconductors. Oil prices proved volatile but ultimately rebounded, with both Brent and WTI holding elevated levels, while gold edged higher. In fixed income, US yields ticked up as investors reassessed inflation risks linked to energy markets. Central banks painted a mixed picture, with Norway surprising to the upside on rates, while Sweden held steady. In Asia, markets were most...
Hints of a deal send stocks soaring
<p>Hopes grew yesterday that the US and Iran might be able to seal a deal to end the conflict, with a memorandum of understanding apparently having been sent by the US to Iran. The oil price dropped and with it so did bond yields. Meanwhile, global stock markets continued to rally and were given a further boost by artificial intelligence firms and yet more good news from earnings calls. Norbert Rücker, Head of Economics & Next Generation Research, joins the podcast to explain why he believes that the Strait of Hormuz may lose its strategic importance in the future, a...
Semiconductors power markets to new all-time highs
<p>Semiconductor stocks, from Intel to Samsung Electronics, are pushing US and Asian equities to new all‑time highs. Strong earnings from Anheuser‑Busch and Unicredit also lifted European markets. US services activity slowed in April, while inflation pressures stayed elevated. UK yields surged on inflation and fiscal concerns, Swiss data showed higher headline but subdued core inflation, and PMIs in China and India pointed to resilience. The JPY continues to strengthen after last week’s lows, likely reflecting FX intervention. Nenad Dinic, Equity Strategy Research, notes while European earnings are rising, the momentum is weaker than in the US where...
‘Risk-off’ returns and big tech at a crossroads
<p>After several days of solid gains, markets paused yesterday as risk aversion returned, driven by escalating tensions in the Middle East and a sharp rise in oil prices. European equities bore the brunt of the sell-off, while major US indices also closed lower. In today’s episode, we’re joined by Carsten Menke, Head of Next Generation Research, to unpack the outlook for hyperscalers following last week’s earnings, and what it means for the road ahead.</p><p></p>(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:34) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:33) - Hyperscaler capex...
