Oil surge pulls equities lower and dampens rate-cut expectations

Global markets saw another volatile session as escalating Middle East tensions drove oil prices sharply higher and dampened risk appetite. Equities fell across the US and Europe, and US bond yields moved higher as investors reassessed the outlook for Federal Reserve rate cuts. In tech, potential new US restrictions on AI chip exports weighed on sentiment, though software stocks bucked the trend with a notable rebound. Asian markets were mixed overnight. Joining our show today is Tim Gagie, Head of FX Advisory in Geneva, for the latest on currencies and metals.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:31) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (07:02) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (11:10) - 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.