Continued uncertainty over tariffs, a mixed economic backdrop and stretched valuations warrant a neutral stance across global equities, bonds and cash. Asset allocation: staying neutral The roller coaster of US trade policies continues – a brief period of apparent progress has been followed by news…

Labour market concerns César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. THE WEEK IN REVIEW A rise in the US unemployment rate and a big downward revision in payrolls spooked markets late last week, sending US Treasury yields sharply lower. The downward revision of a…

The dollar posted its worst first-half performance in 52 years. The greenback fell by 10.7% against a basket of world currencies, making it the worst first half since 1973, the year Nixon ended the Bretton Woods gold standard. While President Trump digs up the deficits…

Listed investment company Quest for Growth closed the first half of 2025 on a positive note, reporting a net profit of €3.8 million and a return on equity of +2.83%. The share, listed in Brussels, rose by 1.5% to €4.04 on 30 June, despite a…

We have a deal César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. Tariff and central banks dominated the news during the week, with 15% tariffs becoming the new 10%. On Sunday, US and the EU struck a 15% tariff deal that averts a trans-Atlantic trade…

By Prof. Dr. Jan Viebig, Chief Investment Officer, ODDO BHF SE. "The reporting period for the second quarter is beginning. We are maintaining our high weighting in European equities." Three surprises are currently shaping the European equity markets: 1) the rise of the DAX so…

Laurent Denize, Global Co-CIO ODDO BHF. "Therefore, the prudent investor should enjoy the summer break but also remain vigilant, staying prepared to act swiftly" While it hasn’t been fully explained, many periods of market turmoil have begun in the summer period, when liquidity is low.…

Defiant in the defeat César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. Last week, 125 of the 248 seats in Japan’s House of Councillors faced re-election. Prime Minister Shigeru Ishiba’s ruling coalition lost its hold, winning only 47 seats – three short of a majority. The…