Technology stocks were weak, with Nvidia shares down 7% following the imposition of export restrictions to China and other countries. In a speech in Chicago, Federal Reserve Chairman Jerome Powell discussed the potential dilemma of balancing inflation control with economic growth and indicated a cautious monetary approach. The European Central Bank is expected to cut its deposit rate by 25 basis points today. Norbert Rücker, Head of Economics & Next Generation Research, talks about all things commodities, from the fading US dominance in energy markets to gold reaching new all-time highs. Nicolas Jordan, CIO Strategy & Investment Analysis, talks about the investment implications of the increased likelihood of a US recession.

00:00 Introduction by Helen Freer (Investment Writing)

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

06:03 Commodities update by Norbert Rücker (Head of Economics & Next Generation Research)

11:17 Update from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)

15:39,5 Closing remarks by Helen Freer (Investment Writing)

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