Data showed low US jobless claims contrasting with continued corporate layoffs, leaving rate cut expectations for next week intact. This helped US small caps to outperform. Onshore China shares are rising following strong demand for the second-largest IPO this year. Global central banks now hold more gold than US Treasuries for the first time in 30 years. Tim Gagie, Head of FX Advisory Geneva, talks about volatile metals this week and what FX trading in a narrow range means for investors.
- (00:00) - Introduction: Helen Freer, Product & Investment Content
- (00:24) - Markets wrap-up: Mike Rauber, Product & Investment Content
- (06:33) - FX and metals update: Tim Gagie, Head of FX/PM PB Geneva
- (10:31) - Closing remarks: Helen Freer, Product & Investment Content
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