Category: Investment flash

Since its announcement at the beginning of April, aimed at countering the speculative downward spiral in oil prices, OPEC+ countries have indeed reduced their production. But the reduction was only around 0.2 mb/d, significantly less than expected, and was offset by the rise in US shale oil production. Saudi Arabia's announcement today that it will [...]

On June 22nd, the SNB raised its key interest rates by 0.25%, a lower increment than previously, indicating in our view that it now considers Swiss inflation to be close to its target. Although Chairman Jordan stressed that (...) Positive outlook for bonds, real estate and equities Discover our Investment Flash down below: Read more [...]

China's growth initially surprised observers in Q1, but economic surprises in Q2 seem to have called into question expectations of an acceleration in economic momentum. Weaker-than-expected growth in M2 money supply (+11.6%), industrial production (+3.6% YTD), retail sales (+9.3% YTD) (...) The PBoC cuts several major interest rates Discover our Investment Flash down below: Read [...]

After outperforming the S&P500 (+18.4%) and the Nasdaq (+47.5%) in 2020, alternative energies (+142.1%) underwent a period of consolidation and logical underperformance in 2021 (-19.8%), before holding up rather well (-4.5%) against the general collapse of equities in 2022 (S&P500 -18.3%). The rebound of the S&P500 (+12.8%) or the Nasdaq (+33.3%) in 2023 has so [...]

After outperforming the S&P500 in 2020 and matching the Nasdaq, the Biotechnology sector experienced a long dry spell in 2021 and 2022. The S&P Biotechnology index's collapse of almost -41% in two years proved bloodier than the Nasdaq's -13.8% fall, and even more so in the face of the S&P500's +5% advance. Too many companies, [...]

Swiss GDP growth of +0.3% in Q1 2023 and +0.6% year-on-year (+0.5% after adjusting for the effects of sporting events) surprised observers, who were only expecting a +0.1% rise. Slightly better momentum at the start of the year was underpinned by (...) GDP growth and inflation will not upset the balance Discover our Investment Flash [...]

The drop in Chinese demand had been one of the main factors penalizing the evolution of industrial metals' markets, which were down by -8% in 2022. After a few positive weeks at the beginning of the year, which had pushed prices to extremes in a panic caused by (...) China's renewed growth reinforces imbalances Discover [...]

China's inflation continues to slide steadily and continues the decline that began in October. The CPI index is now only advancing by +0.1% over one year in April, after peaking at +3% in September 2022. Inflation is therefore under control in the country, the index excluding food and energy advances only by +0.7%, while (...) [...]

The profit expectations for all stocks in the SMI index are +16.5% for the next twelve months, while the global economic scenario is rather positive with risks of temporary regional recessions during the year. Almost half of the companies in the SMI have (...) Investment policy focused on secondary stocks Discover our Investment Flash down [...]

The fall in international listed real estate stocks observed in February and March does not seem to us to reflect the negative situation for most of them. Indeed, often falling back to the price levels of the beginning of Q4 2022 and sometimes already significantly below them (...) The recent correction is an opportunity to [...]