22
Sep
Resilient economy. Household consumption is recovering. Leading indicators still uncertain. Inflation still too high. No further rate hikes before 2026. Probable rise in the yen. The Nikkei is at an inflection point. Key points Slowdown in Households are spending, but businesses are hesitant Slowdown likely until the end of the year Composite PMI supported by [...]
19
Sep
The Japanese stock market is at a turning point at the end of Q3. After a remarkable performance of +45% since the April low and a +12% gain YTD, it is now [...] The recent acceleration to 45,000 points is not sustainable Discover our Investment Flash down below: Read more To make sure you don't [...]
16
Sep
Growth is slowing as expected. Stagnation likely in Q3 and Q4. Leading indicators uncertain and mixed. Deflation setting in. The SNB must cut rates significantly. Swiss bonds are unattractive. Swiss equities under threat. Key points Moderate growth in Q2 confirms expected slowdown High risk of stagnation in Q4 Leading indicators more nuanced and mixed CPI [...]
10
Sep
The downturn in the job market could prove to be much more significant than it appears. Friday's poor job creation figures have already impacted expectations of a resumption of the [...] A Fed rate cut could trigger significant profit-taking Discover our Investment Flash down below: Read more To make sure you don't miss any of [...]
27
Aug
The average value of real estate in the United States recorded its fifth consecutive monthly decline in June. The S&P CoreLogic Case-Shiller national index rose by only 1.9% year-on-year. However, there are [...] Anticipation of interest rate cuts starting in September supports the real estate market Discover our Investment Flash down below: Read more To [...]
26
Aug
AI and autonomous vehicles are strengthening China's technological power. China dominates 5G, batteries, and renewable energy. Chinese stocks are outperforming but remain underrepresented. Key points Chinese leadership in a growing number of key sectors China is rapidly becoming the world's largest market for industrial robots Rising technological power reshaping the global balance and driving competition [...]
20
Aug
After a generally favorable year for industrial metals in 2024, 2025 began with a sharp correction, particularly for copper. Since the spring, prices have [...] Marked decline in prices but fundamentals remain strong Discover our Investment Flash down below: Read more To make sure you don't miss any of our publications and have access to [...]
13
Aug
The rise in gold prices to $3,500/ounce (futures) was supported by statements from the US Customs Service, which initially declared that imports of gold bars would be subject to customs duties, particularly [...] Trump's comments fail to reassure investors Discover our Investment Flash down below: Read more To make sure you don't miss any of [...]
12
Aug
The trade war is accelerating China's emancipation. China has become a major technological power. Chinese leadership in an increasing number of key sectors. Chinese stocks are attractive and underrepresented. Key points The trade war is accelerating China's emancipation China has become a major technological power A clear and confident government commitment GDP resilience despite the [...]
07
Aug
Yields on US Treasury bonds have shown significant volatility. For the bond markets, the situation is already complex and the equation is difficult to solve. The SNB is considering negative interest rates if the franc continues its upward trend. Key points Continued decoupling between fixed income markets Between recession and inflation, rates are wavering in [...]
