From energy tensions to market gains

US and European equities rebounded yesterday as the absence of another energy spike supported sentiment. Strong US job gains and a firm ISM services reading eased growth concerns, reduced expectations for a July rate cut, and lifted major indices, with technology leading. The US dollar held firm, investors are positioned for a weaker euro, and Swiss franc strength triggered a second round of SNB verbal intervention. Bitcoin surged, China set a cautious growth target, and Asian markets – especially South Korea – rebounded sharply after steep losses. Norbert Rücker, Head of Economics & Next Generation Research, provides a timely update on the oil and gas markets following the near‑halt in activity through the Strait of Hormuz.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:12) - Oil and gas update: Norbert Rücker, Head of Economics & Next Generation Research (12:14) - Closing remarks: Helen Freer, Product & Investment Content 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.