Wednesday’s announcement of new tariffs on all non-US-made cars sent shockwaves through the markets, with stock markets worldwide feeling the ripple effects. Carmakers were among the hardest hit, while some investors sought safer havens in more stable sectors, such as consumer packaged goods, where share prices rose. In the Asia-Pacific region, markets were largely down, despite news that Chinese President Xi Jinping had met with global CEOs in Beijing and speculation that Trump may cut tariffs on Chinese goods to facilitate a TikTok deal. Against this backdrop, gold reached yet another record high overnight. In this episode, we are joined by Tim Gagie, Head of FX & PM Solutions in Geneva, who shares his insights on the latest developments in foreign exchange and metals, and offers some interesting trade ideas.

00:00 Introduction by Helen Freer (Investment Writing)

00:24 Markets wrap-up by Lucija Caculovic (Investment Writing)

07:05 FX and metals: Tim Gagie (Head of FX & PM Solutions Geneva)

11:13 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.

A three-day period of relative calm on Wall Street came to an end as major tech and automobile companies led a decline in global equity markets yesterday. Concerns about the economic impact of ever more tariff announcements, weak consumer sentiment and rising inflation risks are dampening investor risk appetite. Nvidia and Tesla slumped nearly 6%, and the automobile sector was among yesterday’s laggards after Trump announced 25% tariffs on the sector. Carsten Menke, Head of Next Generation Research, talks about the impact of tariffs on copper and why he expects the latest rally will not last.

00:00 Introduction by Helen Freer (Investment Writing)

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

05:29 Copper: Carsten Menke (Head of Next Generation Research)

08:54 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.

Consumer sentiment in the US continues to decline, with some indices flashing warning signs of a potential recession. Despite the weakness in sentiment, hard economic data remains resilient - for now. Meanwhile, one of the main beneficiaries of the ongoing uncertainty surrounding US tariffs, is industrial metal copper, whose price has reached an all-time-high in New York. Join us as we discuss the latest developments with Dario Messi, Head of Fixed Income Research, who predicts further volatility on the horizon, and Mathieu Racheter, Head of Equity Strategy, who argues that investors should capitalise on the current US equity bounce to diversify into international markets.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:27 Markets wrap-up by Roman Canziani (Head of Investment Writing)

06:09 Bond market update: Dario Messi (Head of Fixed Income Research)

11:24 Equity strategy update: Mathieu Racheter (Head of Equity Strategy)

16:43 Closing remarks by Bernadette Anderko (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.

US equity markets jumped yesterday on hopes that President Trump may hold back from implementing some of his wide-ranging tariff plans, hinting at a narrower scope of reciprocal levies set to be announced on 2 April. In today’s Asia session, though, it’s a different story, with tech stocks on the back foot, weighing on markets. Also on today’s podcast, we are joined by Manuel Villegas, Next Generation Research, who shares his outlook on digital assets following the substantial outflows seen in recent weeks.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:27 Markets wrap-up by Jonti Warris (Investment Writing)

05:51 Digital assets update: Manuel Villegas (Next Generation Research)

09:40 Closing remarks by Bernadette Anderko (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.

Central banks adopted a cautious tone on monetary policy, driving gold to a new high last week. The EUR suffered a 'sell the news' reaction following the announcement of Germany's spending plans. President Trump's comments on tariff flexibility provided a boost to the S&P 500 late on Friday. Looking ahead, this week promises to be eventful, with over 50 corporate results from China, and Ukraine peace talks. Investors will be closely watching Friday's US PCE inflation data. According to Mensur Pocinci, Head of Technical Analysis, a sustained rebound in US stocks will require broad-based buying and a shift in behaviour from retail investors - refraining from buying every dip in the market.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:28 Markets wrap-up by Mike Rauber (Investment Writing)

06:28 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis)

08:23 Closing remarks by Bernadette Anderko (Investment Writing)

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

Equity markets remain fragile as a renewed focus on trade fears derailed a short-lived recovery in risky assets as a busy central bank week draws to a close. Tim Gagie, Head of FX & PM Solutions Geneva, talks about the impact of the latest central bank communications on currency markets, and what he expects for gold going forward.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:23 Markets wrap-up by Jan Bopp (Investment Writing)

05:47 FX and metals: Tim Gagie (Head of FX & PM Solutions Geneva)

10:11 Closing remarks by Bernadette Anderko (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.

The US Federal Reserve has kept interest rates steady at 4.25%-4.5%, while downgrading the growth forecast to 1.7% and increasing inflation expectations to 2.8%. Chairman Powell's comments sparked a positive market reaction, with the Treasury curve steepening and equities rising on hopes of future rate cuts. Meanwhile, Turkey's lira plummeted over 10% after the detention of Istanbul's mayor. The EU may exclude the US, the UK, and Turkey from its EUR 150bn defence spending fund if they do not sign security agreements. Today, the Swiss National Bank and Bank of England will announce their interest rate decisions. Carsten Menke, Head of Next Generation Research, notes that growth concerns are luring safe-haven seekers back into gold. Nicolas Jordan, CIO Office, says that US equities are no longer the only game in town after two years of unmatched outperformance.

00:00 Introduction by Helen Freer (Investment Writing)

00:34 Markets wrap-up by Mike Rauber (Investment Writing)

06:51 Gold: Carsten Menke (Head of Next Generation Research)

10:49 Update from the CIO Office: Nicolas Jordan (CIO Strategy & Investment Analysis)

15:04 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.

The German parliament voted in favour of a significant fiscal package yesterday, paving the way for increased defence spending and a substantial infrastructure fund, subject to the bill passing through the Bundesrat on Friday. This news was warmly received by investors, helping to drive a solid performance in European markets. In contrast, the US market told a different story, with all three major indices closing lower, largely due to a sell-off in some of the biggest technology stocks and growing investor nervousness ahead of today’s Federal Reserve decision. Meanwhile, the Bank of Japan has already made its move, leaving its key policy rate unchanged at 0.5%. Joining us to provide further insight into the Fed’s decision is Dario Messi, our Head of Fixed Income Research. We are also joined by Mathieu Racheter, Head of Equity Strategy, who shares his thoughts on the shift away from US equities.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:41 Markets wrap-up by Lucija Caculovic (Investment Writing)

06:35 Bond market update: Dario Messi (Head of Fixed Income Research)

11:44 Equity Strategy update: Mathieu Racheter (Head of Equity Strategy)

16:18 Closing remarks by Bernadette Anderko (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.

It was a good day almost across the board for US stocks yesterday with rallies in all the major indices. The megacaps though did not fare so well and a gauge of the Magnificent 7 fell 1.1%. European markets rallied ahead of Germany’s debt brake vote which is expected to be successful in the Bundestag today. Asia joined in the rally party this morning with China tech stocks leading the charge. Japan’s markets were buoyed by Berkshire Hathaway’s investments yesterday. All this ahead of four central bank meetings this week in the US, Japan, Switzerland and the UK. Manuel Villegas, Next Generation Research, joins the podcast to tell us what investors should be watching for when it comes to Bitcoin’s moves.

00:00 Introduction by Helen Freer (Investment Writing)

00:28 Markets wrap-up by Bernadette Anderko (Investment Writing)

06:26 Digital assets: Manuel Villegas (Next Generation Research)

09:19 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.

After gold reached a record high on Friday, breaching USD 3,000 an ounce for the first time, driven by investor anxiety over the economic impact of tariffs and trade wars, US stocks managed to claw back some of last week’s harsh losses, but still ended the week in the red. Mensur Pocinci, Head of Technical Analysis, shares his outlook for markets from a technical perspective. Cyril Demaria-Bengochea, Head of Private Markets Strategy, provides an update on private equity and how it fares in an environment of increased volatility.

00:00 Introduction by Helen Freer (Investment Writing)

00:35 Markets wrap-up by Jonti Warris (Investment Writing)

06:53 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis)

09:24 Private equity update by Cyril Demaria-Bengochea (Head of Private Markets Strategy)

16:57,5 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 your favourite podcast player.