Episode Details
Back to Episodes
Diverging data and higher oil price keep markets cautious
Description
Global markets sent mixed signals as US data pointed to surprising resilience, while the eurozone slipped back into contraction. Rising energy prices remain a key concern, driving inflation pressures and weighing on confidence. Equity markets reflected this caution yesterday, with US tech stocks pulling back as several software names underperformed after reporting earnings. Meanwhile, signs of Swiss National Bank FX intervention are emerging, while oil prices continue to climb and gold has moved lower. Asia‑Pacific markets were mostly weaker, with Japan the notable exception following firmer inflation data ahead of next week’s Bank of Japan meeting. Joining our show today is Tim Gagie, Head of FX Advisory in Geneva, with the latest insights on currencies and metals.
- (00:00) - Introduction: Helen Freer, Product & Investment Content
- (00:28) - Markets wrap-up: Lucija Caculovic, Product & Investment Content
- (07:18) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva
- (11:36) - 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.