Middle East developments and SpaceX debut captivate markets

President Trump halted strikes on Iran yesterday and announced that a peace deal will be signed imminently. Markets reacted accordingly, with oil prices falling and equities rallying. Chip stocks contributed to the rally in both the US and Asia overnight. Even US Treasuries held on to their gains, as markets lowered their bets on a Fed rate hike in October from 51% to 36%. SpaceX raised USD 75 billion, pricing itsshares at USD 135 – its debut will be a big focus later today. Tim Gagie, Head of FX Sales in Geneva, joined today’s podcast for his weekly take on all things currency and precious metals, so tune in to hear his views on the US dollar, the euro and the Swiss franc, as well as his perspective on the sharp fall in the gold price.

• (00:00) - Introduction: Lucija Caculovic, Product & Investment Content
• (00:28) - Markets wrap-up: Bernadette Anderko, Product & Investment Content
• (06:07) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva
• (10:40) - Closing remarks: Lucija Caculovic, Product & Investment Content

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