Markets had a risk-off day, with global equities, gold and Bitcoin falling. Investors are getting jittery ahead of next week's US elections, the Federal Reserve's interest rate decision, and China's National People's Congress. European stocks slumped after the release of eurozone inflation data. Big Tech earnings disappointed, with Meta and Microsoft shares tumbling. Amazon was higher, but Apple was lower in after-hours trading following its earnings release. China showed signs of recovery and oil prices ticked higher amid renewed tensions in the Middle East. Tim Gagie, Head of FX&PM Solutions Geneva, talks about the sharp move in GBP, the latest moves in metals and the USD ahead of the US elections.
00:00 Introduction by Helen Freer (Investment Writing)
00:24 Markets wrap-up by Mike Rauber (Investment Writing)
08:18 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)
15:52 Closing remarks by Helen Freer (Investment Writing)
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