US equities stumbled yesterday, in contrast with a more positive day for European markets. The shift comes as investors reassess the likelihood of a Federal Reserve rate cut in December, following a speech by Chairman Jerome Powell that suggested the economy was not sending any signals that would necessitate a rush to cut rates. Meanwhile, some ‘Trump trades’ have begun to unwind as investors continue to navigate the post-election landscape. In commodities, both oil and gold are feeling the pinch of a stronger US dollar. Joining us today to break down the latest developments in the currency and metals markets is Tim Gagie, Head of FX & PM Solutions in Geneva.
00:00 Introduction by Helen Freer (Investment Writing)
00:27 Markets wrap-up by Lucija Caculovic (Investment Writing)
07:51 Currencies and metals: Tim Gagie (Head of FX & PM Solutions Geneva)
12:24 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 wherever you get your podcasts.