06
Aug
We might have expected volatility to return at the end of the 90-day truce to reach bilateral agreements, but the markets decided otherwise. The month passed with relative indifference, while [...] The job market is deteriorating and demand is expected to decline Discover our Investment Flash down below: Read more To make sure you don't [...]
05
Aug
The United States looks ever more fragile under Trump's policies. Economic slowdown and rising inflation likely. High uncertainty and low visibility induced by current chaos not conducive to long-term investment in Switzerland. Key points Macroeconomic risks and uncertainties return The US market levitates dangerously UK stocks are risky again The Nikkei rebound is now likely [...]
30
Jul
Crude oil price volatility has eased somewhat since mid-June following a period of extreme tension in the Middle East. However, the upward trend remains intact, with WTI prices above $67 per barrel, up significantly from the lows seen at the end of April. While the [...] Seasonality and pressure from Trump are supporting growth Discover [...]
24
Jul
Swiss real estate was again heavily influenced this quarter by volatility in short- and long-term interest rates. The fall in long-term yields following the introduction of customs tariffs in April supported the [...] Yields and risk premiums still attractive Discover our Investment Flash down below: Read more To make sure you don't miss any of [...]
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 [...]
