Non-farm payroll data out of the US on Friday saw hiring growth moderating and wage rises easing. In China, data published today revealed muted inflation as the consumer price index rose just 0.7% year on year in March, weaker than the 1% forecast. Investors are now watching out for US CPI figures (Wednesday) and PPI data (Thursday) for signs of whether or not the Fed is about to pause or even end its hiking cycle. Mensur Pocinci, Head of Technical Analysis, provides his latest thoughts from a technical perspective.

00:14 Introduction by Helen Freer (Investment Writing)

00:47 Markets wrap-up by Bernadette Anderko (Investment Writing)

05:24 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)

07:58 Closing remarks by Helen Freer (Investment Writing)

Stock markets are torn between the rising recession risks and expectations that yields will fall - defensive sectors have outperformed over the last few hours and US Treasury bonds have continued their impressive rally. Carsten Menke, our Head of Next Generation Research, shares his views on the surprise OPEC+ oil output cut, and Nicolas Jordan from our CIO Office talks about how to tackle the current investment environment.

00:14 Introduction by Helen Freer (Investment Writing)

00:43 Markets wrap-up by Roman Canziani (Head of Investment Writing)

05:15 What OPEC+ cuts mean for the oil market by Carsten Menke (Head of Next Generation Research)

08:48 CIO update by Nicolas Jordan (CIO Strategy and Investment Analysis)

11:58 Closing remarks by Helen Freer (Investment Writing)

US stocks snapped a four-day winning streak yesterday as concerns about the banking sector and the broader economic outlook persist. In addition, comments from Federal Reserve officials about higher interest rates for longer are further dampening sentiment at a time when Treasuries are coming off one of their most volatile quarters ever. Markus Allenspach, Head of Fixed Income Research, joins today’s episode to outline his views on fixed income 

00:14 Introduction by Bernadette Anderko (Investment Writing)

00:35 Markets wrap-up by Lucija Caculovic (Investment Writing)

04:14 Bonds and the risk of a credit crunch by Markus Allenspach (Head of Fixed Income Research)

9:36 Closing remarks by Bernadette Anderko (Investment Writing)

US equities finished mixed in trading yesterday, as investors weighed the weaker-than-expected ISM manufacturing data against inflation concerns following OPEC+’s plan to cut oil output. Australian equities extend gains for a seventh straight day, following the Reserve Bank of Australia’s decision to leave interest rates unchanged at 3.6%. Our Chief Economist David Kohl provides us with the latest on Eurozone inflation and credit growth and we have an update on digital assets from Manuel Villegas, Next Generation Research.

00:14 Introduction by Helen Freer (Investment Writing)

00:43 Markets wrap-up by Jonti Warris (Investment Writing)

04:56 Eurozone inflation and credit growth by David Kohl (Chief Economist)

09:22 Digital assets update by Manuel Villegas (Next Generation Research)

12:55 Closing remarks by Helen Freer (Investment Writing)

OPEC+ announced an unexpected cut in oil production of more than a million barrels per day, breaking its promise to maintain supply stability and introducing a new risk to the global economy. In company news, after completing its takeover of Credit Suisse, UBS is expected to reduce its workforce by 20% to 30%; and Tesla has fallen short of Elon Musk's long-term goal of 50% annual growth despite record first-quarter deliveries. Mensur Pocinci, our Head of Technical Analysis, provides some insights into the this morning’s oil rally.

00:14 Introduction by Helen Freer (Investment Writing)

00:36 Markets wrap-up by Alexander Petersen (Investment Writing)

04:21 Technical analysis update by Mensur Pocinci (Head of Technical Analysis)

06:41 Closing remarks by Helen Freer (Investment Writing)

US large-cap equities had another strong day, and the Biden administration wants to strengthen banking regulation. China’s non-manufacturing PMI data release points towards the country’s economic recovery gaining strength. Yet, for trading action today all eyes will be on the release of the Core US PCE Deflator, the US Federal Reserve’s preferred inflation measure, at 14:30 CET. Carsten Menke, Head of Next Generation Research, takes a closer look at gold after it has moved back towards USD 2,000 an ounce as of late.

00:14 Introduction by Roman Canziani (Head of Investment Writing)

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

05:24 Gold in the spotlight by Carsten Menke (Head of Next Generation Research)

09:08 Closing remarks by Roman Canziani (Head of Investment Writing)

Global equities advanced yesterday, and investors are now turning their focus to tomorrow’s core PCE deflator data. The Bank of England has warned that the UK financial system urgently needs to be made more resilient. Nicolas Jordan from CIO & Strategy Analysis provides us with the latest from the Julius Baer Investment Committee. And we have an update from Tim Gagie, our Head of FX&PM Solutions in Geneva, on forex and precious metals

00:14 Introduction by Mike Rauber (Investment Writing)

00:39 Markets wrap-up by Jonti Warris (Investment Writing)

04:21 News from the Investment Committee by Nicolas Jordan (CIO Strategy & Investment Analysis)

07:23 FX & PM update by Tim Gagie (Head of FX & PM Solutions Geneva)

11:15 Closing remarks by Mike Rauber (Investment Writing)

With nerves calmed, traders have started to reassess the odds of additional interest rate hikes in Europe and the US. Leonardo Pellandini, Equity Strategy Research, explains why he believes in a comeback for quality growth stocks, and Dario Messi, Fixed Income Research, highlights where fixed income investors can now find value.

00:14 Introduction by Lucija Caculovic (Investment Writing)

00:34 Markets wrap-up Roman Canziani (Head of Investment Writing)

05:07 The comeback of quality growth by Leonardo Pellandini (Equity Strategy)

07:50 Fixed income update by Dario Messi (Fixed Income Research)

11:50 Closing remarks by Lucija Caculovic (Investment Writing)

With news of the prospect of further support from US authorities, there were signs of investors trying to move on from the regional banking crisis yesterday. The DJIA and the S&P 500 index both rose, although the Nasdaq Composite fell. Our Chief Economist, David Kohl, shares his thoughts on the economic outlook and the impact of the banking turmoil, and then Manuel Villegas, Next Generation Research analyst, provides an update on digital assets and the implications of tougher regulation in the crypto space.

00:14 Introduction and markets wrap-up by Helen Freer (Investment Writing)

03:29 Monetary Policy transmission by David Kohl (Chief Economist)

07:53 Digital assets by Manuel Villegas (Next Generation Research)

12:16 Closing remarks by Helen Freer (Investment Writing)

Whilst US markets closed last week on a high, Asian markets were more circumspect overnight and sentiment in China was dented by declining industrial profits data. Although it has been announced that First Citizens Bank & Trust Co is buying Silicon Valley Bank’s deposits and loans, nervousness persists in the banking sector. In today's episode, our Head of Technical Analysis, Mensur Pocinci, urges investors not to bottom-fish and explains why he’s watching gold and equities right now.

00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)

03:21 Technical update by Mensur Pocinci (Head of Technical Analysis)

06:06 Closing remarks by Bernadette Anderko (Investment Writing)