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.
151episodes
Episodes
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US-Iran de-escalation and South Korea’s USD 1.3 trillion spending plan
Jun 2900:16:27Summary readyUS-Iran tensions eased over the weekend, supporting risk sentiment going into the new week. However, Asian markets are mixed despite South Korea's pledge of major semiconductor investment, as tech sector concerns temper enthusiasm. Markus Wachter from our Technical Analysis team talks about the change in the technical picture of the US dollar, why they do not expect the S&P 500 to fall into correction territory, and the outlook for gold. Meanwhile, Richard Tang, Head of Research Hong Kong, gives an update on Asian equity markets, including his thoughts on why China’s stock market has been disappointing lately.(00:00) - Introduction: Helen Freer, Product & Investment Content (01:01) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:47) - Technical Analysis update: Markus Wachter, Technical Analysis Research (09:22) - Asia update: Richard Tang, Head of Research Hong Kong (15:40) - 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: An investor's perspective of the mid-year outlook 2026
Jun 2700:41:23Summary readyWith 2026 at its midpoint, investors are navigating an environment marked by geopolitical tensions, persistent inflation, and shifting growth dynamics across major economies. How are asset allocators responding, and what does this mean for portfolio construction in the months ahead?In this episode of The View Beyond, Ayako Lehmann is joined by David Kohl, Chief Economist, and Yves Klenk, Head of Client Coverage and Advisory, to examine the mid-year market outlook from an investor’s perspective. The discussion covers the impact of ongoing conflicts on commodity prices, the evolution of inflation expectations, and why Europe’s growth outlook is finally turning a corner. The conversation also explores the implications for equity and fixed income allocations, the realities of the AI investment boom, and the case for diversifying away from US dollar assets. The episode concludes with a look at private markets, infrastructure, and the enduring role of gold in portfolios.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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Sticky inflation meets tech weakness
Jun 2600:12:17Summary readyThere was a mixed picture in financial markets yesterday as persistent US inflation continues to test the Federal Reserve’s patience. European equities climbed to fresh record highs, boosted by healthcare and chip stocks, while US markets diverged, with tech weakness weighing on the Nasdaq. Overnight, Asia-Pacific markets came under pressure, led by sharp declines in Japan and South Korea, while oil volatility continues amid uncertainty around the Strait of Hormuz. In today’s show, we are joined by Tim Gagie, Head of FX Advisory in Geneva, who shares his views on the US dollar, gold and broader currency dynamics.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:27) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (06:17) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (11:23) - 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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Micron's guidance boosts markets
Jun 2500:13:13Summary readyNot only did Micron’s fiscal Q3 earnings exceed expectations yesterday, but the company also guided for current-quarter revenue of USD 50 billion, positively surprising analysts and investors and boosting its share price by 16%. The euphoria around the announcement spilled over into other chip names, and Asia’s markets, excluding Hong Kong, all rallied overnight. Oil prices and bond yields have fallen as flows through the Strait of Hormuz have continued to ramp up, and expectations of rate hikes have receded. Today’s PCE reading in the US might provide more clues. Carsten Menke, Head of Next Generation Research, joined today’s podcast to share his thoughts on gold’s continued dive. He explains why such sharp and swift moves point to flows rather than fundamentals, and shares why he remains constructive longer-term.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:33) - Gold and silver: Carsten Menke, Head of Next Generation Research (12:23) - 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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Markets wobble: Is the AI rally running out of steam?
Jun 2400:12:14Summary readyEquity markets are facing renewed pressure as investors question whether AI-driven stocks, particularly semiconductors, can sustain their remarkable rally. All eyes are on Micron, set to report earnings after today’s close in New York, for clues on the sector’s next move. At the same time, the broader economic backdrop remains supportive, with US business activity expanding at its fastest pace in five months. In today’s episode, Dario Messi, Head of Fixed Income Research, shares his perspective on newly appointed Federal Reserve Chair Kevin Warsh’s communication framework – and what it could mean for markets and investors.(00:00) - Introduction: Lucija Caculovic, Product & Investment Content (00:38) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (06:41) - Fixed income update: Dario Messi, Head of Fixed Income Research (11:31) - 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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Tech sell-off drowns out US–Iran oil news
Jun 2300:12:15Summary readyMarkets reacted cautiously after the US granted Iran a temporary 60‑day licence to sell oil in USD. Euro area consumer confidence remained weak in June, and pressure on Hermès weighed on luxury stocks. In the UK, Sir Keir Starmer’s resignation adds to a decade of political instability, but markets stayed calm. ECB president Christine Lagarde said that the central bank doesn’t need to react more forcefully to the fallout from the Middle East conflict. In US equities, investors rotated out of large tech stocks into small caps. In Asia, speculation about USD/JPY intervention grew after talks between Japanese and US officials. Regional equities declined. Damien Ng, Next Generation Research, joins the podcast to talk about what strong dealmaking says about the healthcare sector.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:48) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:50) - Dealmaking in the healthcare sector: Damien Ng, Next Generation Research (11:28) - 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.
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US and Iran agree on roadmap for final deal
Jun 2200:10:20Summary readyProgress in US–Iran talks in Switzerland helped ease geopolitical concerns. And while positive momentum in Asian tech lifted regional markets, European and US equity futures have started the week on a more cautious footing. Mensur Pocinci, Head of Technical Analysis, takes a closer look at the current trend in the S&P 500, shares his view on the ‘Magnificent Seven’, and outlines which segment of the US market he expects to outperform.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:55) - Markets wrap-up: Jan Bopp, Product & Investment Content (06:53) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (09:34) - 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.
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The View Beyond: China’s old and new tech divide
Jun 2000:25:16Summary readyAgainst a shifting macro backdrop, markets are responding to easing geopolitical tensions following a US-Iran peace deal, with oil prices falling sharply and Asian equities rallying. Within China, however, a stark divergence persists: Hong Kong’s “old tech” sector has lagged, while mainland “new tech,” particularly AI infrastructure, continues to attract strong inflows and outperform. In this episode, Richard Tang speaks with Hong Hao, Managing Partner and CIO of Lotus Asset Management, about China’s uneven market outlook. They discuss the prospects for a rebound in Hong Kong internet stocks, the sustainability of the AI rally and signs of froth, alongside liquidity risks from IPO activity and the outlook for gold amid shifting oil and interest rate dynamics. This episode was originally recorded on 16 June 2026.(00:30) - The old and new tech divide in China (01:45) - Will Hong Kong internet stocks see a rebound? (03:25) - Why is there a lack of stimulus this time? (07:05) - A “K-shaped” economy (07:40) - A strong run in A-share tech — is the AI rally getting frothy? (15:48) - The liquidity impact of the IPO glut (20:27) - Where might gold be headed?
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A week dominated by geopolitics and central banks
Jun 1900:12:42Summary readyGlobal markets have been driven this week by a US–Iran deal, a more hawkish Fed under Kevin Warsh, and a Bank of Japan rate hike to multi-decade highs. Markets are now pricing in further US policy tightening, with record Treasury futures volumes signalling strong expectations for rate rises. Equities were mixed yesterday, with early weakness offset by gains in semiconductor stocks. Central banks remain in focus, as the Bank of England held rates and the Swiss National Bank maintained ultra-loose policy amid low inflation. Oil fell below USD 80 on improved supply. Tim Gagie, Head of FX Advisory Geneva, highlights USD strength and gold weakness as the Fed sharpens its inflation focus. He also discusses the prospects for the major low-yielding currencies, the CHF and JPY.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:24) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:09) - FX & metals update: Tim Gagie, Head of FX/PM PB 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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Hawkish Fed, calmer world? Markets reprice as geopolitics shift
Jun 1800:11:37Summary readyEuropean equities extended their upward momentum, while US markets faced selling pressure after the first FOMC meeting under Chair Kevin Warsh delivered a surprisingly hawkish tone, pushing Treasury yields higher. Yet, sentiment later shifted again as news of a signed memorandum of understanding between the US and Iran lifted Asian markets and drove US equity futures firmly into positive territory. In today’s episode, Norbert Rücker, Head of Economics and Next Generation Research, explores how easing geopolitical tensions could reshape the outlook for global energy markets.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (05:48) - Energy market update: Norbert Rücker, Head of Economics & Next Generation Research (10:47) - 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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