EFI

Please find below a new comment from Nadia Gharbi, Senior Economist, at Pictet Wealth Management, ahead of this Thursday’s ECB meeting With September data pointing to weaker growth and inflation dynamics than the ECB staff projections, a consensus seems to have emerged within the Governing…

Neither green nor red The week in review With the Q3 reporting season set to begin in earnest, markets were largely in ‘wait-and-see’ mode last week. A year on from Hamas’s attacks on Israel, there is still palpable unease about events in the Middle East…

Pictet Wealth Management’s latest positioning across asset classes and investment themes. Macroeconomy Global purchasing manager indexes (PMI) for manufacturing continue to point to declines in business activity, led by a downturn in new orders. It is still too early to say whether generalised rate easing…

Plenty of jobs César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. The week in review US manufacturing continued to contract in September, but a nonfarm payrolls report for last month that was much stronger than expected helped the S&P 500 eke out a 0.3%…

Christophe Pouchoy, Fund Manager for Echiquier Artificial Intelligence, La Financière de l’Echiquier. With ever-increasing computing power, improved data security and confidentiality, and real-time, low-latency processing, Edge AI is pushing back the boundaries of Artificial Intelligence (AI). This cutting-edge technology allows AI to be deployed directly…

An attractive carry. Lauréline Renaud-Chatelain, Fixed-income strategist Pictet Wealth Management. Emerging market (EM) local currency (LC) sovereign bonds have had a tough first half of the year, mostly because of the weakening of EM currencies against both the US dollar and the euro. Nevertheless, their…

Xi’s “whatever it takes” moment? César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW Chinese stocks had their strongest week since 2008 after extensive new economic stimulus was unveiled and the authorities hinted strongly that more was to come. The news…

Christophe Pouchoy, Fund Manager for Echiquier Artificial Intelligence, La Financière de l’Echiquier. There has been significant profit-taking in tech stocks since mid-July 2024, mainly due to the sector’s strong outperformance over the past 18 months, driven by artificial intelligence (AI). This profit-taking makes sense and…

L‘histoire du mois À la recherche d’une croissance des bénéfices malgré les inquiétudes économiques – quelles sont les entreprises qui exploitent aujourd’hui leurs forces? Après l'effondrement des marchés en août, les marchés financiers ont rapidement retrouvé leur calme. Néanmoins, l'incertitude reste considérable. La croissance reste…

Rates recalibration César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. The Fed’s decision to “go big” and lower the Fed funds rate by 50 bps provided a fillip to equity markets last week. The large rate cut, on top of upbeat US economic data…