US inflation rose 0.5% in January, beating expectations. The market reacted with rising yields but unlike previous months, US equities held up and the USD failed to rally. In Europe, stocks rose slightly, helped by strong earnings from several large companies. European equities are pointing higher again today, with the focus now on the Ukraine peace talks. In Asia, stocks in Hong Kong and Japan gained ground on improved sentiment and lower oil prices, rounding out a significant 24 hours in global financial markets. Norbert Rücker, Head of Economics and Next Generation Research, gives a world tour of the energy markets and offers his initial thoughts on the Ukraine news, noting that it comes as no surprise.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:35 Markets wrap-up by Mike Rauber (Investment Writing)

07:18 What’s interesting in Energy markets: Norbert Rücker (Head of Economics & Next Generation Research)

12:39 Closing remarks by Bernadette Anderko (Investment Writing)

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Markets are already showing signs of tariff headline fatigue, with US stocks little changed after the latest US tariff announcements. Meanwhile, European equities continue to outperform. French, German, and Swiss markets are all hitting new all-time highs. Traders are now braced for the US inflation report later today. Dario Messi, Head of Fixed Income Research, explains why the Fed is in no hurry to make further interest rate cuts. And we have Mathieu Racheter, Head of Equity Strategy, on the show to give us an update on the ongoing earnings season, and to discuss opportunities in Europe and China.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:28 Markets wrap-up by Jan Bopp (Investment Writing)

05:30 Bond market update by Dario Messi (Head of Fixed Income Research)

11:27 Earnings Season latest by Mathieu Racheter (Head of Equity Strategy)

16:47 Closing remarks by Bernadette Anderko (Investment Writing)

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US president Donald Trump has said he will call for an end to the Gaza ceasefire unless Hamas releases all Israeli hostages by Saturday. Meanwhile, the US president has signed executive orders to impose 25% tariffs on all steel and aluminium imports, boosting safe-haven demand and sending gold to its seventh record high this year alone. Also on today’s podcast, we are also joined by Manuel Villegas, Next Generation Research, who provides an update on artificial intelligence after the dust has settled from the DeepSeek shock.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:25 Markets wrap-up by Jonti Warris (Investment Writing)

06:57 Artificial Intelligence update: Manuel Villegas (Next Generation Research)

11:24 Closing remarks by Bernadette Anderko (Investment Writing)

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US stock market futures are slightly up this morning despite President Trump announcing another set of tariffs, this time on all imports of steel and aluminum. The US dollar is slightly up on the news and gold is trading at all-time highs. This week, we will be watching US and global inflation figures, the Federal Reserve Chair's testimony, and a slew of big companies reporting earnings. Our special guest Markus Wachter, Technical Analysis, believes that stocks are bound to rally further.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:38 Markets wrap-up by Roman Canziani (Investment Writing)

05:34 Technical Analysis update by Markus Wachter (Technical Analysis)

07:30 Closing remarks by Bernadette Anderko (Investment Writing)

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European equities surged to a new all-time high, driven by robust earnings reports and positive developments regarding a potential peace plan for Ukraine. US equities also gained ground, with the S&P 500 finishing just shy of 1% below its record high. However, Amazon's post-market earnings release tempered the positive mood, as strong results were offset by slower cloud growth and cautious first-quarter guidance. Notably, the company announced plans to invest USD 100 billion in AI infrastructure this year, outspending its rivals. Tim Gagie, Head of FX & PM Solutions in Geneva, joins the podcast to discuss the high volatility in currency markets, which has been exacerbated by increasing political uncertainty since Trump took office, and he also talks about opportunities in precious metals.

00:00 Introduction by Helen Freer (Investment Writing)

00:24 Markets wrap-up by Jan Bopp (Investment Writing)

06:14 FX and metals: Tim Gagie (Head of FX & PM Solutions Geneva)

10:40 Closing remarks by Helen Freer (Investment Writing)

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Join us for a recap of a dramatic trading day, marked by a late-day surge in stocks as inflation concerns eased in the US and earnings reports exceeded expectations. While tech stocks stumbled, rate-sensitive sectors and financials shone in both European and US markets. Meanwhile, gold continued its upward trajectory, reaching yet another intraday record high. In this episode, we're joined by two expert guests: Carsten Menke, Head of Next Generation, who shares his insights on the gold market, and Mathieu Racheter, Head of Equity Strategy, who provides an update on the earnings season so far.

00:00 Introduction by Helen Freer (Investment Writing)

00:31 Markets wrap-up by Roman Canziani (Head of Investment Writing)

06:44 Gold: Carsten Menke (Head of Next Generation Research)

10:16 Earnings season update: Mathieu Racheter (Head of Equity Strategy)

14:44 Closing remarks by Helen Freer (Investment Writing)

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Marking the most significant change in US policy towards the Middle East in decades, President Trump has shocked markets by announcing plans for the US to take over the Gaza Strip, resettle Palestinians, and turn it into what he has called the ‘riviera of the Middle East’. Meanwhile, gold notches a fresh record close as tariff concerns remain at the forefront of investors' minds. On today’s podcast, we are also joined by Markus Allenspach, Fixed Income Research, who provides an update on fixed income markets.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:31 Markets wrap-up by Jonti Warris (Investment Writing)

08:05 Bond market update: Markus Allenspach (Fixed Income Research)

13:11 Closing remarks by Bernadette Anderko (Investment Writing)

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The ongoing tariff saga continues to dominate financial markets, as President Trump’s trade policies spark uncertainty and volatility. While Mexico and Canada have temporarily avoided tariffs through an agreement with the US, China has been hit with 10% tariffs, prompting retaliatory measures including its own tariffs, export controls on critical minerals and an antitrust investigation into Google. Meanwhile, in separate news, Trump has signed an executive order paving the way for the creation of a potential sovereign wealth fund that could acquire TikTok. In this episode, we’re also joined by Manuel Villegas from Next Generation Research to discuss the latest news from the world of crypto.

00:00 Introduction by Helen Freer (Investment Writing)

00:20 Markets wrap-up by Lucija Caculovic (Investment Writing)

06:23 Digital assets update: Manuel Villegas (Next Generation Research)

09:16 Closing remarks by Helen Freer (Investment Writing)

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US President Donald Trump has announced tariffs on Mexico, Canada and China, citing economic and non-economic reasons. The tariffs are set to go into effect on 4 February, unless a last-minute deal is reached. Mexico and Canada promptly announced retaliatory tariffs. This has led to risk-off sentiment in the market, with safe-haven assets in demand, equities lower and volatility rising across asset classes. The USdollar is the big winner and is rising. Chinese equities are outperforming thanks to gains in technology stocks. Looking ahead to this week, investors will be closely watching tariffs, earnings (including UBS, Amazon, and Eli Lilly) and the continued impact of DeepSeek on technology stocks. Mensur Pocinci, Head of Technical Analysis, notes that 5900 on the S&P 500 must hold for the medium-term uptrend to continue.

00:00 Introduction by Helen Freer (Investment Writing)

00:25 Markets wrap-up by Mike Rauber (Investment Writing)

06:33 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis)

09:16 Closing remarks by Helen Freer (Investment Writing)

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The European Central Bank delivered a 25 basis point rate cut yesterday and their comments left investors and traders alike expecting more cuts to come. The Stoxx 600 Index closed at a new all-time high. A busy day for earnings in both Europe and the US saw results from some of the big names and more news from the Magnificent 7. Microsoft, Meta, Tesla, and Apple all saw their shares move higher on the day and the major US indices ended the session in positive territory. Tim Gagie, Head of FX & PM Solutions Geneva, joins the podcast to talk about the reaction of the euro to the ECB rate cut and provide an overview of precious metals in light of gold reaching a new all-time high.

00:00 Introduction by Helen Freer (Investment Writing)

00:23 Markets wrap-up by Bernadette Anderko (Investment Writing)

07:17 FX and metals: Tim Gagie (Head of FX & PM Solutions Geneva)

11:23 Closing remarks by Helen Freer (Investment Writing)

Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.