19
Feb
From a relative point of view, small and mid-cap stocks in Europe and the United States have performed less brilliantly than large-cap stocks in recent quarters. Since the start of 2024, Europe's 50 largest stocks (SX5E) have gained +26.5% in euros in almost 14 months, while (...) New opportunities outside the blue chips Discover our [...]
11
Feb
The domestic context of low interest rates, inflation under control, a declining exchange rate at last, and expected earnings growth of +19%, is generally favorable to a rise in Swiss small caps in 2025. They will benefit from this environment to a greater extent than in 2024, not least because of the change in sentiment [...]
06
Feb
Whether or not there will be a tariff war in 2025 is undoubtedly premature, but we are rapidly moving towards a first round of tough confrontation. We'll have to wait and see whether (...) Tariff hikes threaten GDP more than CPI Discover our Investment Flash down below: Read more To make sure you don't miss [...]
27
Jan
Chinese equities have been under pressure for several months due to fears and threats to Chinese exports from a massive tariff hike forcefully announced by D. Trump. The Shenzen index slipped a (...) Chinese government and D. Trump offer new perspectives Discover our Investment Flash down below: Read more To make sure you don't miss [...]
27
Jan
A market close to imbalance this winter. Reduction in Russian production. New American sanctions change the situation. Oil prices higher than expected. Positive outlook for prices and the global oil sector. Key points World oil market: oversupply? Oil demand underestimated for 2025 The oil market may already be out of balance this winter Russian production [...]
27
Jan
After declining by -4.8% in Q3, the dollar index rose by +9.1% on January 14, 2025, just over three months later. Anticipation of Trump's presidential victory was one of the main factors behind this rise, which was largely fuelled by (...) Momentum likely to be lost after Trump's inauguration Discover our Investment Flash down below: [...]
27
Jan
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 [...]
27
Jan
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 [...]
09
Jan
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: [...]
07
Jan
Declining confidence threatens the economy. Inflationary excessive fears. Fed too cautious again. End of QT imminent. Opportunities in bond markets. Equities continue to rise. Dollar still in demand. Key points US economy still solid in Q4? Where is the US economy heading in the short run? Leading indicators remain hesitant The job market shows no [...]
