BFI

Luc Luyet, Currencies strategist, Pictet Wealth Management. The US Dollar is smilling less Recent US macroeconomic data strengthens the view that the disinflationary process is well underway, with two key implications for the US dollar. Firstly, it suggests that the end of the Fed’s tightening…

Titan Cement International SA (Euronext Brussels, ATHEX and Euronext Paris, TITC) announces the second quarter and half year 2023 results. H1 2023 sales reached €1,229m, up 18.7% YoY as a result of solid levels of domestic demand across our main markets and products, along with…

Xiao Cui, Senior Economist, at Pictet Wealth Management. The FOMC is likely to hike rates by 25bps, as is widely expected by markets. We don’t expect changes to QT or tweaks in other administered rates. There will be no new dot plot or economic projections. We expect Chair…

Nadia Gharbi, Senior Economist, at Pictet Wealth Management. At the last ECB meeting in June, the ECB raised interest rates by 25bp, while signalling that it has still “more ground to cover”. The ECB committed to maintaining a tight policy stance for as long as…

César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. The loser has won Spain plunged into political limbo after Sunday’s inconclusive election, with the opposition conservative People’s Party winning most seats in parliament but failing to clinch outright victory. The result promises a period of…

Assets under management remained stable at CHF 140.6 billion Revenues of CHF 616.4 million were down 0.7% Operating profit before taxes amounted to CHF 138.0 million for the first half year compared with the previous year’s figure of CHF 136.9 million (+0.8%) UBP’s assets under…

Comments by Franck Dixmier, Global CIO Fixed Income at AllianzGI. We expect the US Federal Reserve (Fed) to announce a 25bp rate hike at the Federal Open Market Committee (FOMC) meeting on Wednesday. Despite reassuring data on the economy, notably a fall in inflation, the…

Laurent Denize, Global Co-CIO ODDO BHF AM. We are reweighting emerging markets, particularly China, given its attractive valuations and the expected acceleration in growth. As outlined by Bruno Cavalier in his latest Macroview editorial, the global economy is sending out mixed signals. In terms of…

Prof. Dr. Jan Viebig Global Co-CIO ODDO BHF AM. "Our focus is on companies expected to directly benefit from AI‘s increasing ubiquity, either because they possess extensive data, efficient AI algorithms, or because they produce the hardware for optimising neural networks." The launch of ChatGPT,…

César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Seeking guidance Last week saw a softer-than-expected US consumer price index reading that gave stocks and bonds a boost on hopes the Federal Reserve will soon end its interest rate hikes. The dollar slumped. Headline CPI…