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Powell’s soft pivot César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Financial markets switched to risk-on mode last week, as a dovish pivot from the Federal Reserve and a big slowdown in US job creation fuelled expectations that US interest rates have peaked. The…

Happy Halloween César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. The US economy grew faster than expected in the third quarter and price pressures proved sticky in September, putting the spotlight on a Federal Reserve meeting this week for fresh guidance on policy rates.…

Unsustainable fiscal path César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Consumer resilience and tightening financial conditions are battling to determine the course of the US economy, and a bumper round of earnings reports this week will help shed light on which is prevailing.…

The European Commission's announcement in early September that it was opening an investigation into Chinese subsidies for electric vehicles highlights China's dominance in this field According to the European Automobile Manufacturers Association (ACEA) China accounts for 15% of electric vehicle imports into the European Union…

Pictet Wealth Management Strengthening policy support and signs that manufacturing is stabilising point to a moderate recovery over the rest of the year, although China’s longer-term growth potential is weakening. In recent weeks, missed debt repayments by another major property developer and one of the…

Pictet Wealth Management’s latest positioning across asset classes and investment themes. Macroeconomy The latest data releases suggest that global manufacturing activity might stabilise, although activity remains stronger in emerging economies than in developed ones. Likewise, while international trade has continued to plunge, there are signs…

How generative AI has re-ignited investor enthusiasm for tech stock John Gladwyn, Senior Investment Manager Pictet Asset Management. While the ideas behind AI have been around longer than most investors have been alive, an area which had previously been regarded as the preserve of computer…

Geneva, 5 October 2023 Union Bancaire Privée (UBP) announced today that it has aligned its Asset Management sales organisation with its growing structure and ambitions. In this context, UBP has hired Christian Betzel as Head of Wholesale EMEA from 1 October. In addition, Nicolas Delrue…

Generative AI may have enthused investors, but it's only a subplot in the much grander story of the technology sector's transformation. Anjali Bastianpillai ,Senior Client Portfolio Manager Pictet Asset Management Childrens' homework, social media posts, magazine articles, books – ChatGPT can apparently do it all.…

César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Connecting the dots Markets will be on tenterhooks this week for the release of the Federal Reserve’s preferred inflation measure, core PCE, on Friday for indications as to whether the Fed has finished hiking interest rates.…