LFI

‘Higher for longer’ base ratees together with an increase in the term premium keep pressure on 10- year US Treasury yields. Lauréline Renaud-Chatelain, Fixed-income strategist, Pictet Wealth Management. The US 10-year yield has risen substantially since September, briefly touching 5% on 23 October (before retreating…

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…