Enrique Díaz-Alvarez, Matthew Ryan, CFA, Roman Ziruk, Itsaso Apezteguia, Eduardo Moutinho & Michał Jóźwiak We’ve witnessed a rather mixed performance from the currencies in Central and Eastern Europe since our last update. All four of the currencies covered in this report have lost ground against…

‘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.…