Fed Chair Powell’s ‘No hike’ message and weaker-than-expected labour market data was the perfect combination for a strong end to the week for financial markets. Off the back of this, equity markets continued their uptrend after a difficult start to the month. And Chinese equities joined other regions in entering bull market territory. Mensur Pocinci, Head of Technical Analysis, talks about the improved sentiment for equity markets after April’s weakness, why he expects US Treasury yields to continue to fall, and why he thinks both have set the stage for new all-time highs.

00:00 Introduction by Helen Freer (Investment Writing)

00:23 Markets wrap-up by Jan Bopp (Investment Writing)

06:00 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)

10:47 Closing remarks by Helen Freer (Investment Writing)

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Swiss inflation data yesterday showed that the Swiss National Bank is in a comfortable position compared to its peers, but Swiss equity markets are clearly underperforming year-to-date. Strong earnings reports lifted US equities while markets also breathed a sigh of relief that the Fed meeting was less hawkish than feared. Oil and gold are both higher this morning as investors turn their attention to macroeconomic data releases later this afternoon. Tim Gagie, Head of FX & PM Solutions in Geneva, joins the show today to talk more about the latest currency moves.

00:00 Introduction by Helen Freer (Investment Writing)

00:21 Markets wrap-up by Lucija Caculovic (Investment Writing)

06:26 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)

10:51 Closing remarks by Helen Freer (Investment Writing)

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After the US Fed announced a hold in interest rates as expected, Fed chair Powell said that fighting inflation was taking longer than expected but he poured cold water on speculation that the central bank’s next move would be to raise rates. Carsten Menke, Head of Next Generation Research, discusses the recent spike in the price of gold and assesses the impact of Chinese demand and central bank buying.

00:00 Introduction by Helen Freer (Investment Writing)

00:31 Markets wrap-up by Jonti Warris (Investment Writing)

06:17 Gold update by Carsten Menke (Head of Next Generation Research)

10:23 Closing remarks by Helen Freer (Investment Writing)

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