UBS On-Air: Market Moves Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 39)
Jun 27, 2025
Burkhard Varnholt, a prominent voice in global markets, shares his insights on recent geopolitical shifts affecting market trends, particularly the influence of the Israel-Iran conflict and the resilience of Asian markets. He also discusses market valuations and the notable impact on oil prices. In a personal twist, Burkhard recounts his exhilarating cycling adventure through the Swiss Alps, drawing parallels between navigating mountain challenges and the innovative spirit driving economic growth in Switzerland.
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Insight: Asia Gains from Hormuz Stability
- Asia benefits most from Strait of Hormuz stability with over 80% of crude and LNG shipments.
- U.S. allowing China to buy Iranian oil eases Taiwan tensions and aids Asian markets.
Advice: Stay Calm on Geopolitics
- Don't overreact to geopolitical tensions, especially in the Middle East.
- Focus on physical oil supply and demand as the main market driver.
Insight: Bull Market Endures on Innovation
- Wall Street's bull market, driven by semiconductor innovation, remains strong since October 2022.
- Soft dollar eases U.S. financial conditions despite Fed's stance, supporting earnings growth and inflation targets.