logo
episode-header-image
Sep 2024
11m 1s

US jobs data to take centre stage

JULIUS BAER
About this episode

After US Treasuries and the S&P 500 index advanced for a fourth consecutive month in August, investors brace for September, a typically challenging month for markets, ahead of crucial US jobs data due on Friday. A significant shift to the far right in German state elections yesterday sent shockwaves through the European political landscape. Mensur Pocinci, Head of Technical Analysis Research, offers an update on the markets from a technical perspective and shares his outlook for the US dollar.

00:00 Introduction by Helen Freer (Investment Writing)

00:24 Markets wrap-up by Jonti Warris (Investment Writing)

07:21 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)

09:49 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. 

Up next
Today
Bond markets, the oil puzzle and electric vehicles
Markets are being driven by developments in bond markets on both sides of the Atlantic. In Europe, concerns over French public finances weigh on sentiment, while in the US, inflation worries and a well-received Treasury auction triggered sharp moves in yields. Other topics includ ... Show More
13m 11s
Yesterday
S&P 500 at record high as earnings loom and French risks persist
The S&P 500 and Nasdaq closed at record highs in a broad-based rally, while lower bond yields and oil prices supported European equities. Overnight, renewed Middle East tensions pushed oil prices higher and weighed on Asian markets. Dario Messi, Head of Fixed Income Research, not ... Show More
14m 20s
Oct 6
Markets rally, France stumbles and the obesity revolution accelerates
Equity markets started the week on a strong note, with both European and US stock indices posting solid gains. France proved the notable exception, however, as French equities and government bonds came under pressure amid growing concerns about the government’s ability to rein in ... Show More
13m 4s
Recommended Episodes
Aug 2024
All Eyes on Jobs Data
tail spinning
4m 22s
Aug 2022
Strong US jobs data hammers the recession 'optimism'
Strong US jobs data revived the Federal Reserve (Fed) hawks on Friday. The US 10-year yield jumped, and the US dollar gained. Gold gave back a part of gains, and US stocks closed in the negative, although the three major US indices closed the first week of August in the positive. ... Show More
10m 42s
May 2023
Week Ahead: Nonfarm payrolls eyed as dollar rides Fed bets
Send us Fan MailWith investors flirting with the idea of one final Fed rate increase this summer and the dollar making a comeback, there will be increased emphasis on the next round of US employment data on Friday. Debt ceiling negotiations will also be front and center as the cl ... Show More
5m 26s
Sep 2025
Business Rundown: Is the Job Market Really as Bleak as the Fed Thinks?
When announcing interest rate cuts earlier this month, Federal Reserve Chair Jerome Powell expressed concerns about the labor market, following major downward revisions to job growth data. But is the US Employment picture as bleak as the Fed sees it? Markets get a clearer view on ... Show More
20m 25s
Jan 2025
Intertwined markets and upcoming earnings
Investors have had trouble getting started in 2025, but there's good data on the horizon (0:30). Economic concerns around Trump's tariff talk (2:30). The Fed's 'no landing', bond market movement (4:20). Bitcoin worries might carry over into tech (see Palantir) (6:40). CES and pos ... Show More
13m 48s
Oct 2023
US Hiring Surges, Bolstering Case for Another Fed Rate Hike
Bloomberg News Economics Editor Molly Smith and Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey discuss how the September jobs report could impact the economy and Fed policy. Becky Frankiewicz, Chief Commercial Officer at ManpowerGroup, shares her thoughts on ... Show More
38m 52s
Jul 2024
Top of the Morning: CIO Strategy Snapshot - US Labor Market
In the wake of the June Jobs Report, we take a pulse on the state of the US Labor Market and how the Fed might be interpreting the latest round of data. We also review expectations for monetary policy in the coming months, along with the current asset allocation recommendations f ... Show More
8m 31s