11
Jan
In an environment that is particularly unsettled by geopolitical risks, soaring inflation, historically high yields and a sharp reversal of more restrictive monetary policies, gold has done a relatively good job of protecting the value of investors who had confidence in (...) Increase in dedicated allocation in diversified portfolios Discover our Investment Flash down below: [...]
10
Jan
180 degree turn by the Chinese government. Total opening of the country. Growth to resume in 2023. Energy sector supported by Asia. Historically low metal stocks and potential demand increases in 2023. High potential for appreciation in metal prices in the coming year. Key points End of China's zero Covid policy upsets forecasts Oil demand [...]
27
Dec
GDP decline in Q1 2023. Deterioration of leading indicators. Recession inevitable in H2 2023? Consumption slows down. Inflation under control? End of monetary tightening looms. Weakening of the dollar. Opportunities in capital markets. Positive outlook for equities. Key points Strong Q3 GDP before a year-end dip Is recession inevitable in 2023? Slowdown and moderate recession [...]
23
Dec
Recession likely in early 2023 in Europe. Confidence still at half mast. First sign of falling inflation. ECB becomes more aggressive. The rise in yields is not over. Rise in the euro. Attractive PE for equities. Key points The European economy is resilient and still not sliding into the predicted recession Recession likely between Q4 [...]
22
Dec
Possible recession in the first half of 2023 in the UK. Decline in capital market tensions. New regime for the BoE. Exit from the crisis for the pound sterling. Expected correction in real estate. Positive conditions for equities. Key points The UK economy is resisting inflationary pressures and rising interest rates Negative GDP to end [...]
21
Dec
After a fall of nearly 100 basis points in US long rates between mid-October and mid-December, ten-year Treasury yields have rebounded in the last three stock market sessions by about 25 bps in a move that is hardly legitimate, given recent macroeconomic data developments in the US. Indeed, the published statistics have (...) Bearish recovery [...]
15
Dec
The inflation regime that initially took hold during the first six months of the year had largely worried investors to the point of causing the largest correlated declines in the financial markets of any asset class. A six-month average inflation regime of (...) When five points are enough to constitute a trend Discover our Investment [...]
13
Dec
Economic downturn. Leading indicators still mixed. Weak consumer confidence. Inflation at its highest. Yen stabilises. Policy monetary policy still expansionary. Moderate positive outlook for the Nikkei. Key points Japanese economy shrinks by 0.8% in Q3 Outlook for Q4 still gloomy Leading indicators still moderately optimistic Consumer confidence is at an all-time low Trade deficit remains [...]
07
Dec
A cold wave in Europe is beginning to make itself felt and is already impacting the gas reserves built up. For example, the number of storage vessels off the European coast has already fallen by 30% in one month. The acceleration of withdrawals from natural gas stocks could (...) Bullish outlook for crude, gas and [...]
01
Dec
The Swiss economy is slowing down. Risk of recession. Signs of stabilisation of inflation. Monetary policy to be tightened soon. Yield spreads favourable to the Euro. Yields stabilising. Still positive outlook for equities. Key points Swiss economy slows down in Q3 Domestic demand provides greater support to GDP Leading indicators still falling Inflation stabilisation becomes [...]
