Category: Investment flash

30 Oct

The Brics unit, the dollar and gold

The latest BRICS summit in Russia was once again an opportunity to reinforce the project to create a BRICS currency backed by gold reserves, called the “Unit”. Whereas 100% of oil transactions used to be carried out in USD, now almost (...) Impact for the time being rather favorable to gold Discover our Investment Flash [...]
23 Oct

World oil market in favor of higher prices

Global crude supply is now stabilized by the reduction in production by OPEC countries, which have cut their output by 6 mbpd, already representing 6% of current world demand. OPEC's position does not look set to change in the short term, as its objective remains to (...) Potential target of $90-95 a barrel in 2025 [...]
09 Oct

The federal reserve corrects its June inaction

By lowering rates by 50 bps, it has decided to erase its last two hikes of May and July 2023, but we believe it is implicitly acknowledging that it could perhaps have already acted in June with an initial 25 bp cut. The monetary easing cycle is therefore now (...) Six more rate cuts before [...]
02 Oct

Positive momentum for european assets

The eurozone economy has recorded two consecutive quarters of moderate growth. Despite the ECB's change of monetary policy in June, we do not anticipate any acceleration in economic activity over the next few quarters. Leading indicators remain (...) ECB rate cuts likely to accelerate Discover our Investment Flash down below: Read more To make sure [...]
25 Sep

A stimulus plan favorable to Chinese equities

The Chinese authorities have finally announced new economic support and stimulus measures. The People's Bank of China reduced its benchmark interest rate from 1.7% to 1.5%, and also announced a 0.5% cut in the banks' reserve requirement ratio (RRR), freeing up almost (...) Measures that should be enough to revive interest in Chinese stocks Discover [...]
19 Sep

Swiss securitized real estate remains very attractive

Since our recommendation in November 2023 in favor of Swiss securitized real estate, our expectations of declining inflation and the SNB's change in monetary policy, which were expected to boost the appeal of funds and listed companies, the trend has clearly been (...) Attractive yields, risk premiums and agios Discover our Investment Flash down below: [...]
11 Sep

Outlook of over +10% for US bonds

Ten-year US Treasury yields are once again at their lowest (3.7%) since peaking at 5% on 23 October 2023. The latest job creation statistics published on Friday, showing a fall to just 118k new private jobs in August and a revision to 97k for July, certainly (...) But the fall in job creation does not [...]
04 Sep

It may be time to take profits on gold

An ounce of gold has passed the $2,500 mark, while a 400-ounce gold bar has now touched the historic $1 million mark. With only two weeks to go before a likely change in US monetary policy launches a new cycle of rate cuts that is expected to extend into 2025, gold prices are (...) But [...]
28 Aug

American small caps finally make a comeback

After the Fed Chairman's comments at Jackson Hole on Friday, which now suggest that it's time to lower rates, a rotation in favor of US small caps looks increasingly likely. The long-awaited lowering of key rates will mark a new (...) A rotation favored by the Fed's first rate cut, expected on September 18 Discover [...]
22 Aug

The SNB will not be influenced by the acceleration in GDP

Swiss flash GDP growth of 0.5% in the 2nd quarter once again surprised economists, who were expecting growth of 0.4%. The economic surveys suggested that activity was picking up, and despite some concerns in industry, the +6.4% rise in production proved to be very (...) Swiss growth intensifies with no immediate risk to interest rates [...]