Stocks slip and oil gains on Middle East jitters

Markets took a sharp risk-off turn in late US trading yesterday. The main catalyst was rising tensions in the Middle East, with oil prices rallying above USD 90/bbl for the first time since October, which in turn added to existing fears about inflation. In Switzerland, inflation figures for March once again surprised to the downside, which put pressure on the Swiss franc. Tim Gagie, Head of FX & PM Solutions Geneva, talks about what he expects for the safe-haven currency going forward and why he expects some currency crosses to continue to trade rangebound.00:00 Introduction by Helen Freer (Investment Writing)00:21 Markets wrap-up by Jan Bopp (Investment Writing)07:02 Currencies and metals by Tim Gagie (Head of FX & PM Solutions Geneva)11:42 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player.