A surprise exit, sinking tech, and a flight to safety

Markets are digesting a major ECB surprise as Christine Lagarde announces her early departure while keeping the door open to another rate hike. Meanwhile, investors are rotating out of technology despite resilient US growth, with Alphabet, Amazon, and Intel all under pressure. We also discuss the risk-off mood sweeping Asia, the Bank of Japan's milestone inflation declaration, and the largest crypto hack on record. Tim Gagie, Head of FX and Precious Metals Advisory Geneva, joins us to discuss the euro, the sell-off in precious metals and the sharp move in the Brazilian real following the surprise election outcome. (00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:32) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:01) - FX & metals update: Tim Gagie, Head of FX and Precious Metals Advisory Geneva (11:30) - Closing remarks: Bernadette Anderko, 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.