LFI

fter ratcheting up interest rates over the last two years, the US Federal Reserve used its 13 December meeting to open the door to rate cuts next year – a move its peers will ultimately follow, but not just yet. Nadia Gharbi, Senior economist, Xiao…

Our view that the global recovery will gradually recover in the second half of 2024 and the chance that the US dollar weakens make us cautiously optimistic on select EM currencies. Luc Luyet, Currencies strategist, Pictet Wealth Management. The external backdrop, such as trends in…

Volatility could rise to a medium-to-high range in the second half. Djâafar Aballeche, Senior Cross-Asset Specialist Pictet Wealth Management. Stock market volatility in 2023 has trended downwards, although with fluctuations throughout the year. The VIX index surged in the first quarter but declined rapidly thereafter.…

Rates higher for longer ... but not forever César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. The US Federal Reserve surprised markets last week with a remarkable policy pivot, signalling that it had started discussing interest rate cuts in a dovish message that lifted…

Jean-Pierre Durante, Head of Applied Research Pictet Wealth Management. A market dominated by demand from emerging economies As the energy transition gathers pace, demand for combustible fossil fuels is expected to peak this decade. The demand for car fuel could peak soon, followed by other…

Coline Pavot, Head of Responsible Investment Research, La Financière de l’Echiquier (LFDE) There is an ongoing conversation about the place of women in business. It covers a range of issues, from professional equality to the glass ceiling and presence on boards, and progress is proving…

Pictet Asset Management. Global economy Leading economic indicators point to a mild recession in the US and stagnation in Europe in the early part of 2023, followed by a rebound in the second half of the year. Our central forecast is for global GDP growth…

Trade Republic has become a full-fledged bank with a full banking licence from the European Central Bank, and passes on the 4% gross interest rate on its savings account directly to savers, without conditions in terms of fidelity premium or otherwise, which does apply to…

The last mile or the final descent ?  Xiao Cui, Senior Economist, Pictet Wealth Management. The pandemic has made mainstream business cycle analysis much more complicated and significantly increased macro volatility. In 2024, we expect the driving force of US economic momentum to shift from…