Category: Investment flash

The analyst consensus forecasts a crude oil supply that will be significantly in excess of world demand in 2025. For our part, we believe that analysts are underestimating crude demand and overestimating supply. The reduction in inventories in 2024 points to (...) Positive backdrop for oil prices and oil stocks Discover our Investment Flash down [...]

The last quarter of 2024 was marked by the US elections and by major changes in the perception of political and economic risks that extended beyond the US alone. Donald Trump's return to the White House in January 2025 triggered (...) Risks of imported inflation, rate increases, threats to growth, return of uncertainty to start [...]

While the recent small rebound in inflation and solid growth in Q3 may have been partial factors in adjusting balanced rate levels, it seems to us that it was fears of the inflationary effects of Trump's program, difficulties in (...) Towards a new downward movement in the yield curve Discover our Investment Flash down below: [...]

As we had expected, on December 12, the SNB cut its key interest rates by 50 bps to 0.5%, surprising most economists by its magnitude. In our view, the SNB needed to surprise the consensus with (...) The SNB creates the conditions for further weakening of the franc Discover our Investment Flash down below: Read [...]

China announces a stronger stimulus plan in 2025 to counter the potential effects of increased tariffs by the US administration. China is preparing to fight back against increased US trade sanctions by adopting a much more flexible monetary policy. The Politburo has pledged to , (...) Positive prospects for Chinese assets and commodities Discover our [...]

Just 30 days ago, when the outcome of the US presidential election was announced, we pointed out the extreme level of anticipation that had pushed 10-year US Treasury yields to 4.5%, stressing that this rise seemed to us largely unjustified by economic fundamentals. Today, (...) US Treasury rate decline spread to other capital markets Discover [...]

Swiss equities have been under similar influences to those driving European stocks down over the past few months, sliding by almost -7% since their year-to-date peak in early September, and finally gaining just +5.85% (SPI) since the start of the year. They still (...) Favourable outlook again amid potential weakening of the Swiss franc Discover [...]

After the recent correction of almost -10% in gold prices and -15% in silver prices, we feel it is worth taking another look at the outlook for precious metals. As we have frequently mentioned, the driving force behind gold's structural rise is solid demand from central banks and the BRICS countries. In our view, the [...]

Swiss inflation recorded its 2nd consecutive month of contraction in October (-0.1%), following a drop of -0.3% in September. It now stands at +0.6% year-on-year, its lowest level since July 2021, while the core CPI index falls to +0.8%. The trend in consumer prices surprised economists, who were expecting (...) The battle to weaken the [...]

D. Trump was elected at the end of a presidential campaign that all observers seemed to agree would produce an extremely close result on election night. In the end, the biggest surprise was (...) How long can post-election enthusiasm last? Discover our Investment Flash down below: Read more To make sure you don't miss any [...]