Wall Street halts six-day rally

While European equities had another strong day yesterday, US equities took a breather following an impressive rally from their April lows. US Treasury yields near recent highs, along with the fiscal situation in the US, remain concerns for investors and weigh on sentiment and the dollar. A report about a potential attack by Israel on Iran’s nuclear facilities supported flows into traditional safe-haven assets such as the Swiss franc, the yen, and gold. Dario Messi, Head of Fixed Income Research, talks about the recent rating downgrade of the US by Moody’s and about the investment implications of the US fiscal situation. Mathieu Racheter, Head of Equity Strategy, discusses what that means for equity investors and why they should think more globally.00:00 Introduction: Bernadette Anderko, Investment Writing00:27 Markets wrap-up: Jan Bopp, Investment Writing05:16 Impact of Moody’s downgrade: Dario Messi, Head of Fixed Income Research08:51 The outlook for developed-market equities: Mathieu Racheter, Head of Equity Strategy13:25 Closing remarks: Bernadette Anderko, Investment WritingWould you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.