Russ Mould is AJ Bell's Investment Director. He has a Master's degree in Modern History from the University of Oxford and more than 30 years' experience of the capital markets.
He started out at Scottish Equitable in 1991 as a fund manager, where he had responsibility for the Nordic and Swiss equity markets. In 1993, Russ joined SG Warburg, now part of UBS investment bank, and worked there as an equity analyst covering the technology sectors for 12 years. He has also worked on IPOs and M&A deals. Russ was voted best analyst in the semiconductor sector in 2001 by Institutional Investor and reached the level of Managing Director in 2003 when he became head of UBS' global semiconductor research effort.
A member of the Chartered Institute for Securities and Investment (MSCI), Russ is responsible for providing written and video content for customers and clients. He also helps to build the company’s profile in print and broadcast media as part of AJ Bell's wider PR and brand team, working alongside the Investment Committee.
Russ joined Shares Magazine as technology correspondent in 2005 and took on the post of Editor in 2008. He was appointed as AJ Bell's Investment Director in 2013 following the company's acquisition of Shares' parent company, MSM Media. Russ regularly creates content across the AJ Bell website, including the Daily Market Update and Chart of the Week, and he hosts his own 'Breaking the Mould' weekly video series.
Outside of work, Russ is a qualified cricket coach, Italian speaker and avid fan of Doctor Who and NFL.
22 December 2025
Daily market update: FTSE 100, gold, GSK, RankThe FTSE 100 started Christmas week on the back foot, with healthcare and utility stocks acting as a drag on the index.
Precious metals miners led the way, as they have for much of 2025, with gold hitting a new all-time high on expectations of further interest rate cuts from the Federal Reserve and robust demand for its safe haven qualities.
An end...
18 December 2025
Daily market update: FTSE 100 steady ahead of rate decisions, BP, CurrysThe FTSE 100 was steady in early trading as investors await a Bank of England meeting which is seen as being nailed on to deliver a pre-Christmas rate cut.
Continuing strength in the housebuilding sector and some signs of life among retail shares were notable features of early trading. This followed selling in Asian and US markets overnight as...
16 December 2025
Daily market update: housebuilders, Shell & BP, CentricaHaving moved within sight of the 10,000 mark a little over a month ago, the FTSE 100 lost momentum again today.
There appears to be little sign of a Santa Rally as concerns about tech valuations continue to knock sentiment in US and Asian markets.
The chances of an interest rate cut from the Bank of England this Thursday, already widely priced in...
16 December 2025
What is the Shiller PE and can it reveal if we’re in a bubble?Ask the experts. Russ Mould is on hand to answer your queries about the financial markets. If you'd like a question considered for a future edition, send it in now.
What is the Shiller PE and can it reveal if we’re in a bubble?
There is a lot of noise in the current market about Shiller PE ratio and markets. If you can please explain this I would...
15 December 2025
Daily market update: gold and silver, Hikma Pharmaceuticals, NextDespite a sell-off in Asia, the FTSE 100 got off to a strong start on Monday, supported by higher precious metals prices.
The continuing surge in gold and silver helped lift Endeavour Mining and Fresnillo, and there was broader strength in the mining sector, despite weak Chinese data. The sickly industrial production and retail figures strengthen...
11 December 2025
Daily market update: US rate cut, Oracle, DraxAnother day, another rate cut. What’s normally a driver for equity markets has become old news, and investors have shrugged off the Fed’s latest reduction in US borrowing costs as it is becoming harder to guess where rates might go next.
The fanfare around rate cuts was short-lived. European markets were nonplussed at the news, and Wall Street is...
9 December 2025
Daily market update: Nvidia, Google, British American Tobacco, TescoThe UK was an outlier on European markets on Tuesday with the FTSE 100 dipping slightly.
Whereas the rest of the main European equity indices pushed ahead, the FTSE 100 was held back by shares in British American Tobacco going up in smoke, and Tesco falling on disappointing grocery industry data.
NvidiaNvidia chief executive Jensen Huang has...
5 December 2025
Daily market update: FTSE 100, Unilever ice cream demerger, OcadoThe FTSE 100 made a steady start on Friday morning as investors await a key release on US inflation.
The market is increasingly betting on an interest rate cut when the Federal Reserve meets on 10 December and mixed employment data this week has done little to dampen those expectations which, in turn, have helped drive recent gains for equities.
Th...
4 December 2025
Five key lessons from financial markets in 2025The combination of Liberation Day’s tariffs, wars in the Middle East and Eastern Europe, worries over the long-term impact of Artificial Intelligence upon jobs, galloping government debts and stretched budgets, and active debate about stock market bubbles does not look like a favourable one for investors. However, many will look back upon 2025 with...
4 December 2025
Daily market update: Meta, utilities, Rio Tinto, Future, FrasersThe FTSE 100 drifted in early trading on Thursday, dragged down by weakness in the mining and energy sectors.
Weaker-than-expected US unemployment data may have further firmed up expectations of a rate cut when the Federal Reserve meets next week. However, this is not ‘new news’ for investors and the indifferent performance of stocks in the UK and...
