EFI

Laurent Denize, Global Co-CIO, ODDO BHF Asset Management. "2026 begins much as 2025 ended: the tech boom continues, but risk factors remain present. To capture the value creation generated by technology companies, the two areas that remain key are the United States and South-East Asia,…

Anthony Bailly, Head of European Equity, Rothschild & Co Asset Management. What is your central scenario for 2026? Our outlook is more positive than the consensus among economists regarding Eurozone growth for 2026, which is expected to remain stable at just over 1% . Indeed,…

A spirit of dialogue at Davos César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. Last week saw geopolitical tensions rise as US President Donald Trump threatened to apply fresh tariffs of 10% on eight European countries until they agree to support his ambition to…

Emmanuel Petit, General Partner, Head of Fixed Income, Rothschild & Co Asset Management. What should we take away from 2025 in bond markets? The standout feature of 2025 was the continued steepening of yield curves, which is beginning to open interesting prospects for sovereign debt.…

Earnings to the fore César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The week in review US jobs growth slowed more than expected in December, but the unemployment rate dipped to 4.4%, consistent with a ‘low hire, low fire’ labour market. The jobs report…

Yoann Ignatiew, General Partner, Head of International Equity and Diversified, Rothschild & Co Asset Management. What is your central scenario for 2026? 2026 could offer opportunities in equity markets, despite the waning of supportive dynamics. The change at the head of the Fed could undermine…

Venezuela in focus César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The week in review The year 2025 proved positive for investors in equities, with the MSCI All Countries Index1 (in USD) closing the year 22.9% higher on a total return basis. Tariffs, geopolitical…

Portfolio manager Tilo Wannow looks ahead following a difficult year for quality stocks. Despite recent headwinds, he sees new opportunities and catch-up potential for select quality stocks. The past two years have been challenging for long-term quality investors whose approach centres on identifying robust companies with stable…

Tech eclipses Fed César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. Stock markets turned negative last week despite the Federal Reserve cutting interest rates, as disappointing results from two big US tech groups fuelled investor concerns about the Artificial Intelligence (AI) trade. The Fed…

Xiao Cui, Senior Economist Pictet Asset Management. The FOMC voted 9-3 to cut the fed funds rate to 3.5%-3.75%. Regional Fed presidents Schmid and Goolsbee dissented in favor of no cut, and four other officials registered soft dissents with their 2025 dots. Governor Miran dissented…