Beyond Markets

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 about core personal consumption expenditures rising 4.7% year on year in January, higher than both the December reading and economist expectations. Economic data from durable goods orders to pending home sales, from Purchasing Managers indices to consumer sentiment surveys, have all been higher than expected.Julius Baer economist David Kohl has revised our estimate for US GDP growth this year from 0.9% to 1.9%, and from no more rate hikes, he now expects 25 basis points each in the March and May Fed meetings. Higher rates have an impact on economic activity over time, so our GDP growth estimate for 2024 is revised down from 1.8% to just 0.3%.Julius Baer CIO Yves Bonzon says that with the US economy in good shape, the bull market that started last October can continue, even if the policy rate gets to 5.25% and stays there for a while. The market is climbing the wall of worry, as it does in every new bull run.This episode is presented by Mark Matthews Head Research Asia at 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 The economy is evolving in a way that no one expected – none of the January real data hints at the recession lead indicators are showing; in fact the real data has been very strong. With the 2-year treasury back at 4.7%, just below its November high of 4.8%, risk free assets are giving stocks a run for their money.If bond yields continue to rise, stocks will give up all their gains. If bond yields go down, stocks will go up. It all hinges on inflation. Gas prices down 50% tell us February’s inflation will be down over January. The Cleveland Fed’s CPI Nowcast predicts February CPI inflation at 6.2% year/year, down from 6.4% in January. But 3 weeks between now and the release of that number is a long time to wait for a market that’s becoming impatient. Already in fact it looks like yields are close to turning back down, to judge by the benchmark, the 10 year yield, which tried to breach the 4% level yesterday and failed.In this episode, Mark Matthews Head Research Asia at Julius Baer opines about Inflation, our take on it, and our outlook for markets.

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 Our analysts called the Market Outlook 2023 ‘The year of the cool-down’. This sounds good if we are referencing inflation, but slower economic growth is a different story. In this episode of the Beyond Markets podcast: ‘The big economic questions’, David Kohl, Chief Economist at Julius Baer, talks to Bernadette Anderko, Investment Writer, about what he sees as the big topics for investors now, including interest rate expectations, recession likelihoods, cooling labour markets, and the impact of China’s reopening on the rest of the world.

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, Julius Baer Equities Analyst Jen-Ai Chua discusses the nomination of Professor Kazuo Ueda as the next governor of the Bank of Japan, and the possible impact of a regime change on forex markets and Japanese equities. Across the Pacific, the release of the January inflation print in the US will either confirm or detract from the disinflationary narrative currently perpetuated by markets, with implications for future Fed funds rate decisions, the direction of bond yields and asset prices. The Julius Baer house view is for a pause in central bank rates hikes in the next three months.

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, Richard Tang, Head of Research Hong Kong at Julius Baer, talks about the latest developments in the US and the Chinese markets, where he saw sentiment swinging from one end to another without significant changes in the fundamentals. He suggests investors to focus on the big picture, where US remains to be the core asset while the trade in China will likely extend for a few more months.  He also recommends Asia telecom stocks to income investors given their dividends and defensiveness.  Lastly, regarding the Adani Group saga in India, he argues the stress should be reasonably well contained and that should not develop into a systemic issue.  Julius Baer maintains its overweight on the India market.Tune in to find out 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 It is one of the most significant economic events of 2023. After nearly three years of the world’s strictest Covid-19 containment measures, China recently reopened its international borders, bidding a final farewell to its zero-Covid-19 policy. But how will China’s decision to end its zero-Covid-19 policy impact our world? Amid concerns of a growth slowdown, the expectation of a recovery in Chinese consumption comes at an opportune moment for the global economy. In this podcast episode Richard Tang, Head of Research Hong Kong at Julius Baer talks to Hong Hao, Partner and Chief Economist at GROW Investment Group about the impact of China’s reopening on global economies and the implications it may have for investors.

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, Kelly Chia, Deputy Head of Research Asia at Julius Baer, talks about the top five things investors should keep in mind. These include 1) a review of the market’s performance, 2) what investors have been buying with the strong rally we’ve seen so far, 3) why digital assets have done so well, 4) the upcoming Fed meeting on 1 February and 5) finally we check in on how Japan has been doing as a travel destination after its reopening.Tune in to find out more. Thank you all and looking forward to the next episode!

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 After a very challenging 2022, both growth and inflation are set to slow in 2023. In this episode of the Beyond Markets podcast, Christian Gattiker, Head of Research, and Mark Matthews, Head of Research in Asia, talk to Helen Freer, Investment Writer, about the current market environment and what it means for investors.

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 edition of the week in markets, Kelly Chia, Deputy Head of Research Asia at Julius Baer, talks about the year-to-date performance of the markets, why we think US inflation will be yesterday’s story and why the Japanese Yen is strengthening against the US dollar. He will also touch on the hype around the IA bot called ChatGPT and the second edition of the Avatar movie, which is set to break all records.

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 Language and communication can build relationships and forge connections, but it is equally liable for creating barriers and impacting someone’s sense of belonging. When the majority of people at work mindfully practise an inclusive communication style, it positively affects the work culture and environment, and people feel a greater sense of belonging.In this special Diversity & Inclusion (D&I) episode of our Beyond Markets Podcast, host Hannah Wise, Business Journalist at Julius Baer talks to Natalie Wilkins, Co-CEO of Thriving Talent, a Swiss-based D&I consultancy, to learn more about the importance of inclusive communication and how we all can practise inclusive language at work and in life at large.(00:57) What is inclusive language and communication?(01:26) Why is it important?(02:39) Challenges we face when communicating(03:33) Example: Inclusive language in job descriptions(07:50) Example: Inclusive communication in everyday scenarios(10:02) How to practice inclusive communication?(14:29) Virtual meetings(15:55) Avoiding workplace jargon and acronyms(16:30) Are other languages easier to adapt?(18:05) Isn’t inclusive language restrictive?(19:17) Top 3 tips, neutralising the gender(20:34) Talking to people with non-traditional families(21:02) talking to people with same-sex partner(21:42) talking to people with (invisible) disabilities(24:18) Avoid reinforcing racial, ethnic and socioeconomic prejudices(25:31) How can we speak up(31:56) Talking to people from different cultural backgrounds(35:21) How to start making a difference