13 min listen
More data moves markets
ratings:
Length:
17 minutes
Released:
Aug 31, 2023
Format:
Podcast episode
Description
Lower-than-expected Q2 US GDP data yesterday added to investors’ hopes that the Fed might take a breather in its hiking cycle. Stock markets might have rallied in response but they are still set to end August lower. China’s official manufacturing purchasing managers’ index data came out below the magic 50 mark, indicating the economy is still contracting, but some Chinese building and AI companies were given a boost by positive sector news. Meanwhile, UBS announced record-breaking Q2 results. Our Head of Next Generation Research, Carsten Menke, explains that something does glisten more than gold (spoiler alert: it’s US Treasuries) and Nicolas Jordan from CIO Strategy & Investment Analysis joins us to share what our Investment Committee makes of the ‘unbelievable strength of the US economy’.00:00 Introduction by Helen Freer (Investment Writing)00:35 Markets wrap-up by Bernadette Anderko (Investment Writing)07:36 Gold update by Carsten Menke (Head of Next Generation Research)11:41 Update from the CIO Office by Nicolas Jordan (CIO Strategy & Investment Analysis)15:19 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.
Released:
Aug 31, 2023
Format:
Podcast episode
Titles in the series (100)
Sad news rattles early trading: The shocking news of former Japanese Prime Minister Shinzo Abe being shot injected uncertainty into the early trading session. Thomas Caflisch, Head of FX and Precious Metals Solutions, speaks about the euro, which has hit a 20-year low against the US dol by Moving Markets: Daily News