Today’s main focus will be the first trading day of the newly approved US spot Bitcoin ETFs and the market’s reaction to the release of US inflation figures. Asian shares are seeing their best day since the start of the year on USD weakness, and the EUR is higher as ECB officials caution against interest rate cuts. Carsten Menke, Head of Next Generation Research, notes that the muted price reaction to the SEC’s approval of the spot Bitcoin ETFs is probably a positive sign. Nicolas Jordan, from the CIO Office, highlights that a more optimistic investor consensus compared with the start of last year means that market fragility has increased in the short term.

00:00 Introduction by Helen Freer (Investment Writing)

00:33 Markets wrap-up by Mike Rauber (Investment Writing)

06:41 Bitcoin ETF approval by Carsten Menke (Head of Next Generation Research)

11:24 Latest news from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)

14:42 Closing remarks by Helen Freer (Investment Writing)

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