About this episode
The S&P 500 closed down 0.6% yesterday. Comments from Federal Reserve officials on whether further interest rate hikes will be necessary in light of strong economic data releases, and the ongoing uncertainty over the debt ceiling drove equities lower. Dario Messi, Fixed Income Research, provides our view on the ongoing US debt ceiling negotiations, noting that we are working on the assumption that a last-minute deal will be reached. Richard Tang, Equity Research Asia, talks about the renewed interest in Japanese equities after Warren Buffett increased his stake in five trading companies and where Julius Baer sees the sweet spot in the Japanese equity market. 00:14 Introduction by Bernadette Anderko (Investment Writing) 00:32 Markets wrap-up by Mike Rauber (Investment Writing) 05:20 Update on US debt ceiling by Dario Messi (Fixed Income Research) 10:05 Japan – reopening and reform by Richard Tang (Equity Research Asia) 16:34 Closing remarks by Bernadette Anderko (Investment Writing)