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Geopolitics lifts oil, tariffs return, and markets look to earnings
Description
Markets 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
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