Beyond Markets

They discuss the potential market size of obesity drugs, the global economic impact of obesity, how the drugs work, potential side effects, and a pill version of the drug. They also explore the two types of customers, the cost of medication, and the potential benefits for cardiovascular health. Furthermore, they discuss the impact of obesity drugs on various sectors and the potential benefits for companies in terms of offering healthier alternatives and software innovation.

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts In this episode, we discuss the dovish pivot by the Federal Open Market Committee (FOMC) and Federal Reserve (Fed) chair, Mr Jerome Powell, that has pushed US treasury yields sharply lower. The market now prices in 150bps cut as early as March while the Fed median dots plot points only to a 75bps cut. As the market fully discount the Fed’s dovish policy, officials are now trying to dial back expectations of an early cut. Although credit spread is not cheap, investors can still lock in yields before the rate cut in 2024. We have upgraded Emerging Market (EM) to an Overweight backed by positive view on Latin America and Asia two weeks ago. The shift in US rates is positive for EM as the central banks in this region can now focus on growth and protecting employment gains. With Asian credit spread at a six-year low, favorable technicals will continue to support Asia high grade (HG). We expect the net redemption trend in 2023 to persist into 2024. In addition, resilient fundamentals, a stable rating trend and diversification reasons from developed market could lead to flows back to the region. The path to lower US interest rates is not a linear one. We could see some treasury volatility with setback at around 4.25%. Investors can use the opportunity to add quality HG bonds and financials in the US and Asia.This is also the last The Week in Markets episode till Jan next year. I wish you a Merry (and blessed) Christmas and happy 2024 and thank you for your continuing support.This episode is presented by Magdalene Teo, Head of Fixed Income Research, Asia at Bank Julius Baer.

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts In this episode of The Week in Markets, Equities Research Analyst Jen-Ai Chua highlights key central bank rate decisions scheduled this week, and their implications for the allocation of assets by investors. The US FOMC’s decision on 13 December to hold was accompanied by encouraging commentary on softer inflation, paving the way for rate cuts in 2024.Meanwhile, the better than expected showing in the BoJ’s December Tankan lends more support to the end of negative interest rates. decisions. Both developments are positive for income assets like the global REITs and Asian investment grade bonds, which Julius Baer as a house has upgraded to Neutral and Overweight respectively.

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts “Don’t be shy,” says Laura Hemrika, CEO of the Julius Baer Foundation, as she explains how philanthropy needn’t be a daunting task for those who want to get started. You may have heard a lot about large foundations taking action, but as Laura explains, “they all started with one individual who asked ‘what can I do to make a difference?’” In this episode of the Beyond Markets podcast, you can hear Laura’s tips on beginning your own philanthropy journey.

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts In this episode of our monthly China update, Richard Tang, China Strategist and Head of Research Hong Kong at Julius Baer, engages in a conversation with Hong Hao, Partner and Chief Economist at GROW Investment Group to discuss recent developments in the Chinese market.Last month was filled with news on potential stimulus policies for China’s property sector which constitutes a substantial portion of the country’s economy. From using policy tools like the Pledged Supplementary Lending (PSL) facility to finance infrastructure projects via policy banks to the latest funding plan for 50 real estate developers, efforts are underway to turn around the embattled sector. What will be the actual impact of such policies?Further, industry data paints a mixed picture of consumption in China. On the positive side, smartphone sales seem to have rebounded, and the annual "Double 11" shopping festival sales achieved low single-digit percentage growth. Conversely, the recent results of restaurants and sportswear players were less than impressive. What is the real scenario of Chinese consumption?Lastly, the key event remaining in 2023 will be the Central Economic Working Conference, usually held in December. Will policymakers extend the narrative of relatively accommodative policies? What other China-related events should we pay attention to for the next year?Tune in to this episode to gain a deeper understanding of these topics and stay informed about the latest updates in the Chinese market.

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts Higher for longer is a distant memory, with the 10 year treasury yield at 4.2%, from 5% in October. Stocks love this, because when the discount rate analysts use goes down, valuations go up. The European Central Bank looks like it will be the first developed economy central bank to cut rates, after the governor of the Bank of France said last week “barring any shock, rate hikes are now over. The question of a cut may arise when the time comes during 2024”. Also last week, the first Federal Reserve official implied rates in the United States could be cut. In a speech, Governor Chris Waller cited the Taylor Rule, that computes the optimal Fed Funds rate. Last year the Taylor rule implied the Fed funds rate should be as high as 8%. Now it’s saying 5.3%, which is lower than the current Fed funds rate of 5.5%.

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts In this episode, we discuss the inflation obsession that the world has been facing since the re-opening is waning. We also talked about the three elements supporting disinflation in the US as well as the expected timing of possible rate cuts in the US by our economist.   As we are turning the corner in interest rate expectations, we see pockets of value in the quality high grade space and believe investors can lock in yields before the rate cut in 2024. This episode is presented by Magdalene Teo, Head of Fixed Income Research, Asia at Bank Julius Baer.

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts Family conflict doesn’t simply disappear once wealth is on the table. It seems family fortunes, and more specifically the transfer of these fortunes to the next generation, can be the source of conflict if not handled correctly. As the world grows more complex, how can you stop wealth transfers from dividing your family? Scott Duncan, Wealth Planner in Julius Baer’s International Advisory Team, joins the Beyond Markets Podcast to explain this and more.

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts In this episode of the Week in Markets, we present an overview of what we expect in 2024. In short, the market focus will shift from inflation to growth. We explain why the US economy will remain solid, what we like within fixed income and equities, and discuss our view on the US dollar. We also summarize our arguments for Japan and China. This episode is presented by Richard Tang, Head of Research Hong Kong at Bank Julius Baer.

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts In this episode of our monthly China update, Richard Tang, China Strategist and Head of Research Hong Kong at Julius Baer, engages in a conversation with Hong Hao, Partner and Chief Economist at GROW Investment Group to discuss recent developments in the Chinese market. The Ministry of Finance of China announced in late October that it would approve an additional RMB1trn issuance of sovereign bonds to raise its budget deficit ratio. Can we be more constructive on growth policies, especially with the central economic working conference coming soon in December?As we head into year end, how will the Chinese economy look like in 2024?  What will be the key drivers of growth?Given our view that the US rate hike cycle is probably over, there is a chance that the US dollar may marginally weaken next year. What is our view for the RMB at this point and for the next year?Finally, following the sharp correction in Hong Kong and Chinese stock markets in the past two weeks, what are the investment opportunities and what sectors look attractive at this juncture?Tune in to this episode to gain a deeper understanding of these topics and stay informed about the latest updates in the Chinese market.