About this episode
Concerns over the prospects of higher interest rates and the US company FedEx withdrawing its earnings forecast due to worsening business conditions are weighing on investor sentiment this Friday. Chinese data releases – while better than expected – did not help to calm investors’ nerves. Tim Gagie, Head of FX & PM Solutions Geneva, notes that the drop in the gold price is the most important development in precious metals markets this week. Carsten Menke, Head of Next Generation Research, speaks about the Ethereum Merge and highlights that its immediate benefits will not go beyond a reduction in energy consumption. Currently, it is macroeconomic factors that are driving price changes in crypto coins. 00:08 Introduction and markets wrap-up by Mike Rauber (Investment Writing) 04:23 FX & metals by Tim Gagie (Head of FX & PM Solutions Geneva) 07:36 Digital assets by Carsten Menke (Head of Next Generation Research) 10:27 Closing remarks by Mike Rauber (Investment Writing)