US equities at all-time highs, while oil plunges in May

US equities surged to record highs on optimism over a potential US–Iran ceasefire extension, with the S&P 500, Nasdaq, and Russell 2000 all closing at all-time highs yesterday. Oil prices fell sharply and are on track for their steepest monthly decline since March 2020. US economic data was mixed, pointing to slowing growth and increasing pressure on household finances. Technology remained the primary market driver, with strong gains in AI and tech stocks contrasting with weak momentum in Bitcoin. Tim Gagie, Head of FX Advisory Geneva, highlights gold being at critical levels, the continued attractiveness of the AUD, and persistently low FX volatility.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (06:11) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (09:41) - 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.