# Risk‑off mood returns as oil rebounds and uncertainty lingers

Page: https://stenobird.com/podcast/moving-markets-5478198/risk-off-mood-returns-as-oil-rebounds-and-uncertainty-lingers
Text version: https://stenobird.com/podcast/moving-markets-5478198/risk-off-mood-returns-as-oil-rebounds-and-uncertainty-lingers.md
Podcast: [Moving Markets](https://stenobird.com/podcast/moving-markets-5478198)
Published: 2026-05-08T06:45:41+00:00
Episode link: https://share.transistor.fm/s/cddd2d0d
Audio file: https://media.transistor.fm/cddd2d0d/9cebf968.mp3
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JSON: https://stenobird.com/v1/public/podcasts/moving-markets-5478198/episodes/risk-off-mood-returns-as-oil-rebounds-and-uncertainty-lingers
Duration seconds: 705

## Resource

Markets remained on edge as ongoing uncertainty around a potential US–Iran agreement drove a clear risk‑off tone. European equities moved broadly lower, while US indices pulled back after briefly touching record highs, weighed down by weakness in technology and semiconductors. Oil prices proved volatile but ultimately rebounded, with both Brent and WTI holding elevated levels, while gold edged higher. In fixed income, US yields ticked up as investors reassessed inflation risks linked to energy markets. Central banks painted a mixed picture, with Norway surprising to the upside on rates, while Sweden held steady. In Asia, markets were mostly weaker, though South Korea’s strong outperformance continued. Today we were joined by Tim Gagie, Head of FX Advisory in Geneva, who shared the latest insights on currencies and metals, discussing gold, the ongoing US dollar weakness, and the yen intervention. (00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Lucija Caculovic, Product & Investment Content (07:01) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva (10:53) - Closing remarks: Helen Freer, 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.

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## Transcript

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