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When is an apple not an apple? When it’s a spanner of course!

When is an apple not an apple? When it’s a spanner of course!

FromMoving Markets: Daily News


When is an apple not an apple? When it’s a spanner of course!

FromMoving Markets: Daily News

ratings:
Length:
10 minutes
Released:
Sep 8, 2023
Format:
Podcast episode

Description

Yes, Apple Inc. was the spanner in the equity markets’ works yesterday. In all fairness, it was actually the Chinese government turning the screw on Apple, as it sought to broaden its ban on foreign technology further. As Apple‘s share price dropped for the second day in a row, the impact was felt most in the tech sector and saw the Nasdaq composite fall for a fourth consecutive session yesterday, closing down 0.89%. Data released on US jobs and labour costs also upset markets and has provided some ammunition for the Fed to keep monetary policy tight for longer. Meanwhile the US dollar maintained its strength. Thomas Caflisch, Head of FX & PM Solutions, sums it up nicely today: “The dollar always trades at the level which suits the US best."00:00 Introduction by Helen Freer (Investment Writing)00:20 Markets wrap-up by Bernadette Anderko (Investment Writing)05:50 FX and metals update by Thomas Caflisch (Head of FX & PM Solutions) 08:39 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:
Sep 8, 2023
Format:
Podcast episode

Titles in the series (100)

Moving Markets is a daily market news briefing from Julius Baer. Our experts discuss the latest market developments and put the headlines in perspective to set you up for the coming day. 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.