24
Sep
The aluminum market is experiencing an unprecedented tightening, driven by a convergence of independent shocks rather than by a single factor. After prices soared in the first half of the year, driven by the Gulf war premium and peaking at nearly $3,750–$3,854 per metric ton in early June, the sector experienced [...] A technical correction in [...]
24
Sep
Resilient GDP in Q2 (+0.4%). Moderate recovery in services. Employment has stabilized. Confidence is improving. Inflation is picking up again. The BoE is taking a hawkish stance. Bond yields are tight. The pound is strong. The housing market has calmed down. Key points The ONS confirms growth of +0.4% in Q2 2026 Economy avoids contraction [...]
07
Sep
European defense budgets are experiencing unprecedented growth (driven by NATO objectives and EU initiatives, such as the Readiness 2030 plan). Following a period of rapid growth in valuation multiples, the sector has entered a phase of execution and delivery of financial results. The outlook for [...] A decoupled sector offering high visibility over the next [...]
31
Aug
Growth has stabilized at a moderate pace. Consumers remain hesitant. Persistent but limited inflationary risks. BoJ stays on course. Steepening of the yield curve. Likely appreciation of the yen. Consolidation of the Nikkei. Key points GDP momentum slows in Q2 Q3: Balancing domestic recovery and external risks Shift in leading indicators Household confidence stabilizing Inflation [...]
27
Aug
After an exceptional run fueled by speculation about energy demand from the digital sector, the industry experienced several waves of short-term pullbacks in 2026. Uncertainties surrounding monetary policy and the maintenance of high interest rates weighed on [...] An opportunity driven by AI and electrification Discover our Investment Flash down below: Read more To make [...]
21
Aug
Long-term Treasury bond yields are at their highest levels since the 2007 crisis: the 10-year yield is hovering around 4.75%, while the 30-year yield has surpassed 5.30%. The fundamental cause of this rise lies in investors’ growing concern about the U.S. fiscal trajectory. With public debt nearing [...] A recession and an asset reallocation will [...]
11
Aug
The deterioration in the U.S. labor market has come to light with the plunge to –23k nonfarm payrolls in July and the downward revision of –103k for the previous month (from 57k to just 20k in June), which should reinforce the anticipated stagflation scenario. The sharp contraction [...] Interest rate differential and repatriation of japanese [...]
03
Aug
Since its June peak, the sector has experienced a sharp and rapid correction. The semiconductor index has fallen by 29% in the U.S. In Asia as well, Samsung (-50%) and TSMC (-22%) have [...] Strong potential for a rebound following a sharp sell-off Discover our Investment Flash down below: Read more To make sure you [...]
21
Jul
Strong exports and industry. Weak domestic economy. Emergency measures implemented. Support from public spending. Inflation under control. Accommodative monetary policy. Strong yuan. Bullish outlook for stocks. Key points Mismatch between the domestic economy and exports Emergency support measures implemented in Q2 Second half of the year supported by public spending With no inflation, monetary policy [...]
13
Jul
Significant upside potential for the MSCI China Index. The first phase of the rebound in Chinese indices was technical in nature, driven by the expansion of valuation multiples following historic lows. We are now entering a market driven by [...] One of the best risk/return profiles available today Discover our Investment Flash down below: Read [...]
