Moving Markets

Global equities staged a powerful comeback led by technology and semiconductors, even as an FBI investigation into Nvidia's CEO unfolded with all the intrigue of a James Bond plot. Broader market resilience, Anthropic's bold IPO plans, sliding oil prices on easing geopolitical tensions, and today's crucial US inflation data round out a packed agenda for investors navigating elevated volatility. Enrico Chinello from our Next Generation Research team dives deeper into what has changed for the AI-buildout after the fallout from last week’s US midterm elections and what it means for investors going forward.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:34) - Markets wrap-up: Jan Bopp, Product & Investment Content (07:05) - Making sense of the AI selloff: Enrico Chinello, Next Generation Research (12:25) - Closing remarks: Bernadette Anderko, Product & Investment Content 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 Democrats' sweeping election victory sparked sharp market volatility last week, with an initial rally quickly giving way to a technology-led sell-off as investors reassessed the outlook for AI investment and data centre expansion. Capital rotated into less AI-exposed markets, supporting Chinese and Indian equities while Europe held up relatively well. Beyond equities, oil prices recorded one of their steepest declines since 2020, while gold and the USD advanced. Asian markets are attempting a fragile rebound at the start of the week. Mensur Pocinci, Head of Technical Analysis, views last week's moves as a liquidation event: these have historically been followed by stronger market performance over the medium term.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:51) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:26) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (09:06) - Closing remarks: Bernadette Anderko, Product & Investment Content 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 Democrats recorded a full sweep at the US midterms 2026. What does this mean for Asian markets, what can investors expect from the Federal Reserve going forward and will this also impact the oil price and therefore the inflation picture?In this episode, Mark Matthews, Head of Research Asia at Julius Baer, discusses with Ayako Lehmann, Head of Webcasts & Video, why the outlook is rather optimistic for Asian markets, why both the US Dollar and oil price could potentially weaken going forward and to what extent the AI investment cycle remains important, but should be balanced out with defensive equity positions.(00:00) - Introduction (01:01) - Democrats' historic midterm sweep (02:20) - Could a Democratic victory be good news for Asian markets? (04:16) - Impact on trade policies and tariffs (06:22) - Could markets be heading for a year-end rally? (07:23) - Is a weaker US dollar on the horizon? (08:33) - Is the AI spending race finally slowing down? (10:44) - Positioning Asian equity portfolios for growth (12:28) - Key risks investors should watch (14:05) - Key takeaways

All three of the main US indices closed lower yesterday but it was AI-connected stocks that suffered the most and which sent the Nasdaq Composite 5.5% lower on the day. Following the Democratic sweep at the midterms, investors are nervous about the possible impact on data centre development. The nerves were felt around the globe, with many European indices and nearly all of Asia’s closing lower yesterday and this morning. There were, however, a few exceptions. Norbert Rücker, Head of Economics & Next Generation Research, provides a timely and insightful update on what is happening in both oil and natural gas markets on today’s podcast – tune in to find out why he believes that prices will trend lower in 2027.(00:00) - Introduction: Mike Rauber, Product & Investment Content (00:48) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (07:09) - Energy market update: Norbert Rücker, Head of Economics and Next Generation Research (12:20) - Closing remarks: Mike Rauber, Product & Investment Content 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.

Global markets rallied after the Democrats secured control of both chambers of Congress in the US midterm elections, fuelling hopes of reduced policy uncertainty and easing geopolitical tensions. Oil prices plunged nearly 9% as investors bet on a faster resolution to the US-Iran conflict, while bond yields fell and equities surged on both sides of the Atlantic. However, technology stocks were mixed, with AI platform giants advancing, while semiconductor and data centre shares came under pressure. Tim Gagie, Head of FX & Precious Metals Advisory in Geneva, joins today’s show to talk about the impact of the Democratic sweep on currencies and metals.(00:00) - Introduction: Mike Rauber, Product & Investment Content (00:41) - Markets wrap-up: Helen Freer, Product & Investment Content (06:36) - FX & metals update: Tim Gagie, Head of FX & Precious Metals Sales Geneva (11:44) - Closing remarks: Mike Rauber, Product & Investment Content 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.