European inflation surprised to the upside, driven by energy prices, while softer US inflation data offered some reassurance for markets. However, the bond market stress continued with Treasury yields rising, weighing on equities in their final stretch of the quarter. Asian markets opened Q4 positively, led by technology shares after Micron's strong revenue outlook. Richard Tang, Head of Research Hong Kong, shares his insights about Asia and what he expects from the region in the final innings of the year.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:31) - Markets wrap-up: Jan Bopp, Product & Investment Content (05:24) - Asia update: Richard Tang, Head of Research Hong Kong (11:33) - Closing remarks: Helen Freer, 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.
Whilst the 30-year US Treasury bond yield rose for a sixth consecutive session, traders were calmed somewhat by comments from New York Federal Reserve President John Williams yesterday. Markets are now pricing in a 49% chance of a Fed rate hike in October, down from 71% on Monday. This didn't help US indices though: they all declined on the day. Asia saw stocks recover and there was encouraging factory activity data out of China. Today sees the release of the Fed's preferred measure of inflation - the Personal Consumption Expenditures (PCE) Price Index. Our Head of Fixed Income Research, Dario Messi, joined the podcast to explain what is driving higher yields, where he believes investors can find the best value now, and why he believes that a quality bias in credit portfolios is still warranted.(00:00) - Introduction: Lucija Caculovic, Product & Investment Content (00:31) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:20) - Fixed income update: Dario Messi, Head of Fixed Income (10:06) - Closing remarks: Lucija Caculovic, 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.
Rising oil prices and higher bond yields are keeping inflation concerns front and centre, pushing US Treasury yields to their highest level since 2007. The AI investment boom remains in focus, highlighted by NVIDIA's record buyback announcement and Anthropic's S-1 filing, a precursor to an eventual IPO. Policymakers continue to balance inflation and growth concerns, with Australia tightening policy further and China signalling fresh support for its slowing economy. Carsten Menke, Head of Next Generation, talks about the need of large cities to adapt to climate change, creating a very appealing structural growth outlook for the infrastructure and buildings value chains.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:31) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:00) - Adapting to a warmer world: Carsten Menke, Head of Next Generation Research (10:48) - 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.
Global bond yields moved higher once again as oil prices rallied following President Trump’s rejection of Iran’s ceasefire proposal. Meanwhile, Chinese equities fell to their lowest level in a year amid fresh US restrictions on technology exports. In Europe, the financial sector remains firmly in focus as market speculation grows around a potential tie-up between UBS and another major bank. In today’s episode, we are joined by Mensur Pocinci, Head of Technical Analysis, who shares his latest views on market leadership, the strongest-performing sectors, and the outlook for precious metals.(00:00) - Introduction: Jan Bopp, Product & Investment Content (01:10) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (07:11) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (10:32) - Closing remarks: Jan Bopp, 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.
US-China relations are back in the spotlight, with investors watching whether talks between Presidents Trump and Xi can deliver meaningful progress and shift market sentiment. The discussions come as Chinese markets contend with trade uncertainty, tentative policy support and a challenging domestic growth backdrop.In this episode, Richard Tang, Head of Research Hong Kong at Julius Baer, speaks with Hong Hao, Managing Partner and CIO of Lotus Asset Management, about the Trump-Xi talks, the outlook for Chinese equities and property, and sentiment towards Chinese AI stocks. They also discuss the longer-term AI investment story and the impact of rising oil prices and interest rates on global markets.(00:00) - Trump-Xi talks: Can they deliver for markets? (01:55) - US, Europe and China: A changing trade landscape (06:40) - What could drive a year-end rebound in Chinese equities? (11:17) - Property support: Technical rebound or real recovery? (16:00) - China AI stocks: Sentiment versus fundamentals (22:38) - Oil, rates and the global market outlook