08
Jan
The US intervention in Venezuela could well be a game changer for the dollar. Strategic control of the largest crude oil reserves could significantly affect [...] January 3 could well be a game changer for the USD Discover our Investment Flash down below: Read more To make sure you don't miss any of our publications [...]
23
Dec
Equity markets will end the year barely higher than their late September levels, but against a backdrop of significant quarterly volatility and uncertainty surrounding the risks of a slowdown and a rebound in inflation in Q1 2026. The prospects for rate cuts are [...] Expected rate cuts and high valuations Discover our Investment Flash down [...]
22
Dec
GDP slows in Q3. Soft landing in Q4 and Q1 2026 highly uncertain. High underemployment at 8.7%. Key interest rates close to neutral. Risks of inflation rebound in Q1. Reduced outlook for bonds. Consolidation of equity markets. Key points Growth slows in Q3 after Q2 euphoria Soft landing in Q4 for US GDP Leading indicators [...]
19
Dec
The ECB's change of course, which interrupts its cycle of easing, is altering the configuration of the interest rate markets. The consensus that yields would continue to fall has disappeared. Eurozone sovereign yields are [...] ECB decision wipes out prospects for capital gains Discover our Investment Flash down below: Read more To make sure you [...]
19
Dec
GDP growth in Q4. Sluggish economic recovery in 2026. Household confidence too cautious. Inflation under control. ECB on hold for the foreseeable future. Complex situation for the euro. Bond market without clear trend. Moderate outlook for equities. Key points Resilience in Q3 points to a positive Q4 as well Positive but fragile growth in 2026 [...]
12
Dec
GDP down in Q3. Q4 potentially negative. Confidence eroding.New risks for employment. Inflation holding steady. Rate cuts on the horizon. Bond markets attractive. Outlook for the FTSE100 reduced. Key points The UK misses out on hoped-for rebound in Q3 Difficult end to the year for UK growth Slowdown in services clouds the outlook End of [...]
10
Dec
In the current context of economic stagnation, the BoE is preparing to change its policy. Considered restrictive, with the key interest rate higher than inflation, creating a high real rate that slows down activity, it will have to quickly adjust its message by indicating that the [...] The BoE will lower its rates faster than [...]
05
Dec
GDP falls in Q3. Timid recovery possible in Q4. Consumers remain concerned. The 3% rebound in the CPI is worrying. The stagflation scenario is taking hold. The BoJ will favor the status quo. Rates are tightening. The yen remains weak. Nikkei in danger. Key points Exports stall, GDP falls by -0.4% in Q3 Possible GDP [...]
05
Dec
The SNB is now facing the reality of a decline in growth. The shock of US tariffs caused a proven contraction in GDP of -0.5% in Q3, while uncertainty continues to push investors towards the CHF. The strength of our currency is [...] The collapse of GDP and deflation will push the SNB into action [...]
28
Nov
Sharp decline in GDP in Q3. Risks of a technical recession in H2 2025. Leading indicators still pessimistic. Deflation sets in. Return of negative rates in Switzerland. Unattractive yields. Mixed outlook for equities. Key points A surprisingly robust first quarter for the GDP High risks of growth slowing in Q2 More nuanced and contrasting leading [...]
