Podcast
Moving Markets
Hosted by Julius Baer · EN
Moving Markets is the home of podcasts at Julius Baer. Here, our expert teams share concise daily market updates in ‘Moving Markets Daily’ which is complemented by ‘Moving Markets: The View Beyond’, a weekly show dedicated to discussing the context, thematic angles, and investment implications behind key topics shaping the news cycle and conversations among our relationship managers and clients.
The information contained in this podcast is marketing material. Opinions expressed do not constitute independent financial/investment research, investment advice, or an offer to buy or sell securities by Julius Baer. Please refer to www.juliusbaer.com/legal/podcasts for important legal information prior to listening to this podcast.
146episodes
Episodes
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Tech weakness ahead of Fed meeting and key earnings
2w ago00:16:04Summary readyMiddle East tensions remain elevated despite a pause in US air strikes on Iran, which seems to have held overnight. European markets were flat overall yesterday, with the German DAX outperforming the other major indices. US markets were mixed as falling oil prices supported sentiment, but concerns over geopolitics and tech valuations weighed on semiconductor stocks. Asian technology shares are sliding today; South Korea's Kospi is the worst-performing index in the region, down nearly 11%. Investors are now focused on the Fed meeting that concludes tomorrow and major earnings releases from Microsoft, Meta, Amazon, and Apple later this week. Dr. Damien Ng, Next Generation research analyst, also joins the show today to talk about what the growing focus on gut health means from an investment perspective.(00:00) - Introduction: Roman Canziani, Head of Product & Investment Content (00:38) - Markets wrap-up: Helen Freer, Product & Investment Content (06:46) - Gut health matters: Damien Ng, Next Generation Research (15:03) - Closing remarks: Roman Canziani, Head of 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.
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Oil retreats as markets face a critical week ahead
2w ago00:11:20Summary readyMarkets are starting the week on a firmer footing as a pause in Middle East hostilities pushes oil prices lower and eases inflation concerns. The move follows a cautious week for investors, with concerns about AI spending, rising bond yields and escalating geopolitical tensions weighing on sentiment. Most major US equity indices ended the week lower, while European equities proved relatively resilient and both Japanese and Chinese markets posted gains. Attention now turns to a pivotal week featuring the Federal Reserve's policy decision, key US economic releases, and earnings releases from Microsoft, Meta, Apple and Amazon. Joining us today is Mensur Pocinci, Head of Technical Analysis, who shares his views on market concentration in US equities, the importance of diversification and the recent pullback in momentum stocks.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:41) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (07:15) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (10:33) - 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.
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The View Beyond: Implications of a warmer world
2w ago00:12:50Summary readyAs Europe faces increasingly frequent and severe heatwaves, the implications extend far beyond discomfort. The rising temperatures are creating urgent challenges with regard to public health, economic resilience, and urban infrastructure. What does a warmer world mean for the way we live, work, and invest?In this episode, Helen Freer is joined by Dr. Damien Ng, an analyst in Julius Baer’s Next Generation research team, to discuss how higher global temperatures are reshaping the risk landscape for populations and investors alike. The conversation explores how heatwaves are becoming a major public health concern, the mounting pressure on healthcare systems, and the economic impact of extreme heat. Dr. Ng also explains the concept of urban heat islands, and how innovations like sponge cities can help build resilience.(00:00) - Introduction (00:57) - Why heatwaves are a growing public health concern (02:24) - Understanding the concept of excess deaths during heatwaves (04:11) - The role of human-induced climate change (05:29) - Implications for healthcare systems in Europe (06:39) - The economic impact of heatwaves and other climate-related disasters (07:41) - The heat island effect in cities (08:46) - How sponge cities can build resilience (09:47) - Investments needed to handle a hotter climate (11:04) - The link between climate resilience and longevity (11:20) - Key takeaways (11:54) - Closing remarks (12:28) - Legal information 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.
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Markets on edge: rising oil, higher yields and the AI spending debate
2w ago00:12:39Summary readyGlobal equities traded lower as oil prices surged in response to escalating tensions in the Middle East, while renewed concerns over AI-related capital expenditure weighed on investor sentiment. Although the European Central Bank left interest rates unchanged, expectations of further policy tightening later this year have strengthened, pushing bond yields higher across major markets. In today's episode, Tim Gagie, Head of FX Advisory in Geneva, shares his insights on the latest developments in foreign exchange and metals markets, and what they could mean for investors.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:27) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:30) - FX & metals update: Tim Gagie, Head of FX / Portfolio Management, Private Banking Geneva (11:44) - 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.
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Oil prices rise on escalating geopolitical tensions
2w ago00:11:49Summary readyOil prices continue to surge as tensions between the US and Iran raise concerns about global energy supplies and economic growth. There were knock-on effects in bond markets with the 10-year US Treasury yield rising to a two-month high. Alphabet and Tesla were the first of the Magnificent 7 stocks to report earnings after the bell yesterday – both stocks fell in extended trading. At the European Central Bank meeting later today interest rates are expected to be held steady. Mathieu Racheter, Head of Equity Strategy Research, joins the show to provide an update on the Q2 earnings season so far and explains why the investment case for US banks remains.(00:00) - Introduction: Jan Bopp, Product & Investment Content (00:41) - Markets wrap-up: Helen Freer, Product & Investment Content (07:26) - Earnings season update: Mathieu Racheter, Head of Equity Strategy Research (10:53) - 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.
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Geopolitics lifts oil, tariffs return, and markets look to earnings
3w ago00:12:02Summary readyMarkets faced a fresh wave of geopolitical risk as the conflict involving the US, Iran and the Houthis escalated, pushing oil prices higher. Yet equities remained resilient, with positive corporate earnings and strength in semiconductors helping offset investor concerns. Elsewhere, the US announced a 50% tariff on a broad range of Canadian imports, Japan's yen weakened beyond 163 against the dollar despite intervention warnings, and competition intensified in the obesity drug market as Novo Nordisk sued Eli Lilly. Investors now await results from Alphabet and Tesla while continuing to monitor developments in the Middle East. We are also joined by Dario Messi, Head of Fixed Income Research, to discuss what to expect from tomorrow's ECB meeting and whether higher oil prices could prompt the ECB to adopt a more hawkish stance.(00:00) - Introduction: Jan Bopp, Product & Investment Content (00:48) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (07:56) - Fixed income update: Dario Messi, Head of Fixed Income (11:07) - 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.
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Burnham's debut, bond market jitters and the future of AI in BioPharma
3w ago00:14:13Summary readyBurnham's debut, bond market jitters and the future of AI in BioPharma Markets were relatively quiet yesterday, but developments in the UK drew investor attention. Prime Minister Andy Burnham's policy announcements sparked concerns over the fiscal outlook, sending gilt yields higher, while John Healey's appointment as Chancellor raised fresh questions about economic policy. Meanwhile, semiconductor stocks rebounded, and oil prices swung sharply. Damien Ng from our Next Generation Research team joins us to discuss why AI's impact on BioPharma is likely to unfold over the coming years, rather than quarters.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:34) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (07:08) - Genomics: Damien Ng, Next Generation Research (13:21) - 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.
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Chip stocks enter bear market: healthy consolidation or change in trend?
3w ago00:09:57Summary readySemiconductor stocks have plunged more than 20% from their recent highs, officially entering bear market territory after China’s Moonshot launched its Kimi K3 model sparking fears of intensifying global competition. Amid rising concerns over stretched valuations, geopolitical risks, and a critical earnings week ahead – including reports from Alphabet, SK Hynix, and Tesla – markets stand at a crossroads. Mensur Pocinci, Head of Technical Analysis, explains why the long-term uptrend of semiconductors remains intact despite the sell-off and what this means for broader equity markets.(00:00) - Introduction: Lucija Caculovic, Product & Investment Content (00:38) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:38) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (09:13) - 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.
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The View Beyond: China after the AI correction
3w ago00:18:36Summary readyAfter a sharp correction in AI-related stocks across Asia, investors are reassessing one of the market's strongest themes of the past year. In China, many AI and semiconductor-related names have fallen significantly from their recent highs, prompting debate over whether the pullback is creating a buying opportunity or signalling a more prolonged period of volatility. In this episode, Richard Tang speaks with Hong Hao, Managing Partner and CIO of Lotus Asset Management, about the outlook for China's equity market following the recent AI sell-off. They discuss whether the correction has further to run, the prospects for a rotation into internet and other old economy names, and what recent economic data means for expectations around policy support in the second half of the year. The conversation also explores the implications of a more hawkish US Federal Reserve under Kevin Warsh, and what this could mean for inflation expectations, interest rates and global asset prices. They also discuss the outlook for the renminbi amid strong export growth and China's expanding trade surplus. This episode was originally recorded on 15 July 2026.(00:29) - China's AI correction: buy the dip or wait? (03:05) - Are AI fundamentals still intact? What’s the near-term outlook? (04:48) - China's IPO activity, liquidity conditions and market rotation (06:05) - Can China's internet and old economy names catch up? (07:48) - China's policy outlook after the latest economic data (11:14) - The Fed under Kevin Warsh and the outlook for rates (14:18) - China's exports and the long-term case for RMB appreciation
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Markets under pressure: gold, sterling and the search for safety
3w ago00:11:51Summary readyEquity markets weakened as continued losses in semiconductor stocks and ongoing tensions in the Middle East weighed on risk sentiment, pushing major indices firmly into negative territory. At the same time, recent economic data highlighted the resilience of the US economy, adding another layer of complexity to the market outlook. Meanwhile, Netflix shares came under pressure in after-hours trading after the company forecast slower revenue growth. In today’s episode, Tim Gagie, Head of FX Advisory in Geneva, joins us to discuss the latest moves in gold and the British pound, what's driving these markets, and the key levels investors should keep on their radar.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:25) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:17) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (10:55) - 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.
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