Moving Markets: Daily News

As part of a special two-week series featuring highlights from Julius Baer’s recent Beyond Markets podcasts, today's show features a clip from a conversation where Julius Baer’s Chief Investment Officer Yves Bonzon joins journalist Hannah Wise to take a closer look at Julius Baer's investment strategy. They discuss performance and risk and how this impacts investors. Yves shares how we analyse and assess performance, how to avoid ‘bad’ performance and what ‘healthy’ performance looks like, especially in a volatile market. He also talks about the risks involved with performance, how we mitigate those risks, and how he measures his success as a CIO.

Our regular show that starts with daily market news returns on Monday 6th January.

00:00 Introduction by Helen Freer (Investment Writing)

00:54 How we manage money: Yves Bonzon (Group CIO) and Hannah Wise (Head of Investment Communications)

12:44 Closing remarks by Helen Freer (Investment Writing)

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European bourses closed Wednesday’s session lower. The Nasdaq followed suit in the US, with the Dow and the S&P 500 ekeing out small gains on the day. This followed the release of October US CPI data which came in as expected and added support to the expectation of another interest rate cut by the US Federal Reserve in December. There was also further US political news last night as the Associated Press announced that the Republicans have secured a majority in the US House of Representatives, which means that the new president will have the power to enact his legislative agenda. With gold down 8% since Mr Trump’s victory, Carsten Menke, Head of Next Generation Research, delivers his assessment of where the precious metal will go now, and Nicolas Jordan joins from the CIO Office to update us on the current expectations of the bank’s investment committee.

00:00 Introduction by Helen Freer (Investment Writing)

00:31 Markets wrap-up by Bernadette Anderko (Investment Writing)

05:30 Impact of Trump victory on gold: Carsten Menke (Head of Next Generation Research)

09:28 Update from the CIO Office: Nicolas Jordan (CIO Strategy & Invnestment Analysis)

13:04 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.

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 equity markets closed in the red on Friday and posted losses for the week following the release of November’s producer price index figures which came in higher than expected, while the major European indices closed the day in positive territory on optimism after China’s strict Covid-19 rules were relaxed. It’s central bank week this week with the US Federal Reserve meeting on Wednesday, where a 50-basis-point hike is expected. Then we’ll hear from the European Central Bank, the Bank of England and the Swiss National Bank, among others, on Thursday. Mensur Pocinci, Head of Technical Analysis, provides his latest thoughts from a technical perspective.

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

03:16 Technical analysis update by Mensur Pocinci (Head of Technical Analysis Research)

05:33 Closing remarks by Helen Freer (Investment Writing)

It was not an economic data release, but downbeat remarks from CEOs of major US banks about growth headwinds ahead that led the US equity market lower yesterday. Yet, on the positive side of the ledger, China’s National Health Commission announced 10 new measures to ease Covid restrictions. Dario Messi, from Fixed Income Research, joined the show to talk about why the fundamental backdrop for emerging market hard-currency bonds has turned attractive.

00:14 Introduction and markets wrap-up by Mike Rauber (Investment Writing)

03:32 Emerging market hard currency bonds upgraded to ‘Overweight’ by Dario Messi (Fixed-income Research)

07:08 Closing remarks by Mike Rauber (Investment Writing)