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Story of the month DATA CENTERPOWER CONSUMPTION 40% of global data centers are located in North America, mainly in USA, half of which being located in few states. While Western Europe accounts only for 26% of this global distribution as of today, one could expect…

Roaring Kitty is back César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW “Roaring Kitty”, the social media finance influencer, re-emerged after a three-year hiatus and shares in a videogame retailer he previously favoured duly soared, with the company taking the…

US election – What to expect from Trump Season 2 Laurent Denize, Global Co-CIO, ODDO BHF AM. " As we get closer to November 2024, we expect the volatility of European sectors and stocks directly exposed to potential policy changes to rise and divergences in…

Europe makes its move César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW European equities outperformed their US peers last week, with the Stoxx Europe 600 i rising 3.3% (in euros) compared to a 1.9% (in USD) rise in the S&P500…

Delayed but not derailed César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW US stocks got a late-week boost in the form of significant cooling in the nonfarm payrolls report for April as well as a slowdown in wage growth. Reassurances also…

Below you will find a new commentary by Xiao Cui, Senior Economist Pictet Wealth Management, on the FED. The Fed kept rates unchanged and announced a tapering of QT starting in June, as expected. Chair Powell was dovish relative to market expectations. Notably, the Chair pushed back on rate…

The moment of truth for public debt Bruno Cavalier, Chief Economist ODDO BHF Asset Management. KEY HIGHLIGHTS: The era ​ of ultra-low interest ​ rates ​ is ​ over ​ and ​ debt refinancing has once again become very expensive The average public debt of…

Story of the month By providing the infrastructure to store, process and distribute data, data centers are becoming a growing source of energy demand. While they consumed around 300 TWh of electricity in 2022 (i.e. 1.1% of the total), the large-scale adoption of artificial intelligence…

April 2024 Equities should extend their rally as interest rate cuts appear imminent in the US and other developed economies. Asset allocation: sticking with equities While global economic and liquidity conditions are far from rosy, we see pockets of improvement that are supportive for risky…

With banks curtailing lending, private debt can step in to support healthy companies. Andreas Klein, Head of Private Debt, Pictet Asset Management. Scarcity of capital and higher funding costs make today’s credit backdrop extremely difficult for borrowers. Poor management of balance sheets and thin capitalisation…