16
Jul
Since our repositioning recommendation on Chinese equities in January 2025, Chinese stocks have enjoyed a fairly positive stock market performance, outperforming developed country indices, Europe and the S&P500. While [...] Chinese stocks offer unique diversification opportunities Discover our Investment Flash down below: Read more To make sure you don't miss any of our publications and [...]
10
Jul
Q2 GDP will mask weakness in consumption. Effects of tariffs postponed to H2. Continuing Fed dilemma. Rates vacillate between recession and inflation. Chaos has destabilized the dollar. Focus on defensive equities. Key points GDP likely but misleading to rebound in Q2 Economy withstands Trump-induced chaos Leading indicators remain indecisive Employment shows signs of cracking Dilemma [...]
03
Jul
Germany is back. Economic recovery in H2. PMI index rather positive. Inflation below 2%. ECB still flexible. Moderate outlook for bonds. Positive context for the euro and real estate. Return of equity risks. Key points Economic conditions continue to improve in Europe Positive momentum continues in 2nd half Leading indicators remain moderately optimistic Household confidence [...]
02
Jul
Securitized real estate in the eurozone has not yet really benefited from the fall in inflation below the ECB's target and the change in the central bank's monetary policy. However, the ECB has gradually reduced its key interest rates from [...] Yield (6.8%) and market value/net assets (59%) Discover our Investment Flash down below: Read [...]
26
Jun
Between extreme concerns about a blockage of the Strait of Hormuz following the bombing of Iran's nuclear sites at weekend, and Trump's declaration of an imminent ceasefire between Iran and Israel, assessing geopolitical risks and their possible implications for [...] Macroeconomic risks and uncertainties are likely to return Discover our Investment Flash down below: Read [...]
24
Jun
Surprise rebound in GDP. Leading indicators uncertain. Inflation remains stubborn. BoE to remain cautious until September. High risk premium for bonds. Securitized real estate trending positively. Loss of momentum for the FTSE100. Key points Surprising rebound in Q1 GDP exceeds expectations International uncertainty weighs on the UK economy Leading indicators point to a transition Real [...]
18
Jun
After an already extraordinary year in 2024 (+27.2%), gold continues its upward trajectory and is set to close the first half of the year with a +30% increase. With uncertainty over customs duties likely to return in a few days, the outbreak of [...] Attractive diversification in silver and palladium Discover our Investment Flash down [...]
17
Jun
A particularly robust Q1. Growth expected to slow in Q2. Leading indicators uncertain and mixed. Switzerland back in deflation. SNB to cut rates in June. Swiss franc likely to weaken. Increasing risks for equities. Key points A surprisingly robust first quarter for the GDP High risks of growth slowing in Q2 More nuanced and contrasting [...]
11
Jun
The publication of the Swiss consumer price index (CPI) for May has brought the SNB face to face with the growing risk of deflation in our country. On a year-on-year basis, [...] Deflation worries the SNB, which will lower rates to weaken the Swiss franc Discover our Investment Flash down below: Read more To make [...]
10
Jun
Slowdown in growth. Mixed leading indicators. Inflation still too high. Halt to the normalisation of BoJ policy. Lower risks on long-term rates. The yen may appreciate further. The Nikkei is plateauing. Key points Slowdown in consumption and exports in Q1 Uncertainty remains high for Q2 Leading indicators still mixed Consumption resilient but still cautious Inflation [...]
