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More US stocks rose than fell, even as Nvidia dropped

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Manage episode 437093525 series 3360361
Content provided by Adventurous Media and Julius Baer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Adventurous Media and Julius Baer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Nvidia did not meet lofty earnings expectations and its stock fell 6%, while revised Q2 US GDP figures beat expectations at 3%, meaning more stocks rose than fell on the S&P 500. US Treasury yields rose on the better economic data, although Treasuries are on track for a fourth month of gains. In Europe, inflation fell and Germany's DAX rose to near all-time highs. Asian equities are higher, led by China on reports ofincreased support for the ailing housing market, while Tokyo inflation data supports the case for further interest rate increases there. Today's key data will be the core PCE inflation figures - the US Federal Reserve's key inflation indicator. Tim Gagie, Head of FX & PM Solutions Geneva, discusses whether we have seen the end of the dollar's weakness.

00:00 Introduction by Helen Freer (Investment Writing)

00:21 Markets wrap-up by Mike Rauber (Investment Writing)

08:48 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)

12:58 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.

  continue reading

548 episodes

Artwork
iconShare
 
Manage episode 437093525 series 3360361
Content provided by Adventurous Media and Julius Baer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Adventurous Media and Julius Baer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Nvidia did not meet lofty earnings expectations and its stock fell 6%, while revised Q2 US GDP figures beat expectations at 3%, meaning more stocks rose than fell on the S&P 500. US Treasury yields rose on the better economic data, although Treasuries are on track for a fourth month of gains. In Europe, inflation fell and Germany's DAX rose to near all-time highs. Asian equities are higher, led by China on reports ofincreased support for the ailing housing market, while Tokyo inflation data supports the case for further interest rate increases there. Today's key data will be the core PCE inflation figures - the US Federal Reserve's key inflation indicator. Tim Gagie, Head of FX & PM Solutions Geneva, discusses whether we have seen the end of the dollar's weakness.

00:00 Introduction by Helen Freer (Investment Writing)

00:21 Markets wrap-up by Mike Rauber (Investment Writing)

08:48 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)

12:58 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.

  continue reading

548 episodes

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