US stock markets experienced a downturn, with all major indices posting significant losses. Consumer discretionary stocks felt the brunt of the decline, led by disappointing performances from Coca-Cola and McDonald's. Meanwhile, the tech sector faced pressure ahead of the highly anticipated earnings report from Tesla, the first set of Q3 results from the ‘Magnificent 7’, which were released after the market close.
Joining us to share their insights are two experts: Norbert Rücker, Head of Macro Research and Next Generation, who discusses his current views on commodities, and Nicolas Jordan, CIO Office, who explains why, and which European equities remain a crucial component of a diversified investment portfolio.
00:00 Introduction by Bernadette Anderko (Investment Writing)
00:27 Markets wrap-up by Roman Canziani (Head of Investment Writing)
05:39 Commodity update: Norbert Rücker (Head of Macro and Next Generation Research)
09:28 Update from the CIO Office: Nicolas Jordan (CIO Strategy & Investment Analysis)
13:22 Closing remarks by Bernadette Anderko (Investment Writing)
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