33:T45c,

Global equities surged, driven by US stocks, as strong retail numbers and encouraging jobless claims alleviated recession fears. US Treasury yields and the dollar also climbed. Meanwhile, gold rose on Middle East tensions and expectations of interest rate cuts. Retail giants Walmart (the world’s largest retailer) and Alibaba (China’s largest retailer) saw their shares jump, with Walmart boosting its sales guidance and Alibaba benefiting from broker upgrades despite mixed earnings. According to Mark Matthews, Head of Research Asia, major Asian markets look promising, including Japan (where a weaker yen should boost stocks), India (with its structural growth drivers), and China (too cheap to ignore).

00:00 Introduction by Helen Freer (Investment Writing)

00:34 Markets wrap-up by Mike Rauber (Investment Writing)

07:21 Asia update: Mark Matthews (Head of Research Asia)

15:17 Closing remarks by Helen Freer (Investment Writing)

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34:T47d,

US inflation concerns intensified, with the core PCE rising 2.8% year-on-year, fuelling fears of stagflation. Tariffs remain a significant concern, with the US poised to unveil new measures on Wednesday. The EU is bracing itself for a potential 20% tariff, and Goldman Sachs has increased the likelihood of a US recession from 20% to 35%. Asian markets are feeling the strain of tariff uncertainty, with stocks declining, the Japanese yen strengthening, and gold at an all-time high. Also in focus this week: Friday's US jobs report, which may signal a cooling labour market. Meanwhile, Mensur Pocinci, Head of Technical Analysis, discusses the S&P 500, gold, and the US dollar amidst a risk-off backdrop in the markets.

00:00 Introduction by Helen Freer (Investment Writing)

00:28 Markets wrap-up by Mike Rauber (Investment Writing)

08:29 Technical Analysis update: Mensur Pocinci (Head of Technical Analysis)

11:13 Closing remarks by Helen Freer (Investment Writing)

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35:T7d5,

IMF hikes U.S. FY outlook