Investing

Europe at the polls: what’s at stake for the future ? Bruno Cavalier, Chief Economist ODDO BHF Asset Management. KEY HIGHLIGHTS: The ​ ​ last ​ ​ parliamentary ​ ​ term ​ ​ was ​ ​ marked ​ ​ by ​ ​ the pandemic and…

The case for private debt in a widening funding gap Andreas Klein, Head of Private Debt Pictet Asset Management. With banks curtailing lending, private debt can step in to support healthy companies. Scarcity of capital and higher funding costs make today’s credit backdrop extremely difficult…

As AI fuels the need for ever more data, we require data centres to store and process all the information securely. Businesses which contribute to the efficiency of data centres will have the upper hand. Rachele Beata, Investment Manager Pictet Asset Management. The rise of…

May 2024 Economic conditions in Europe are improving while interest rates in the region could soon head lower. This augurs well for European stocks, which we upgrade to overweight. Asset allocation: Europe edges ahead April proved a cruel month for risky assets, but we believe…

Delayed but not derailed César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW US stocks got a late-week boost in the form of significant cooling in the nonfarm payrolls report for April as well as a slowdown in wage growth. Reassurances also…

M&A pick up César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW Financial markets were rattled last week by inflation data that seemed to bury any hope of a near-term rate cut in the US. But Q1 results, especially from major…

Below you will find a new commentary by Xiao Cui, Senior Economist Pictet Wealth Management, on the FED. We expect a hawkish hold at the FOMC this week. Chair Powell is likely to note it would take longer than expected to achieve confidence needed to cut rates and…

Story of the month INVESTMENT OPPORTUNITIES BEYOND AI For a long time, the equity market environment was characterized by uncertainty and concerns about the future economic development. However, the danger of an imminent recession seemed to have been averted recently. Now that the equity markets…

Below you will find a new comment from Xiao Cui, Senior Economist, at Pictet Wealth Management, following today’s US GDP report. Real GDP in Q1 came in below all forecasts on BBG, slowing to 1.6% QoQ annualized (vs. consensus of 2.5%) from 3.4% in Q4. However, stripping…

Year to date, we have observed a strong decline in energy prices resulting in a strong underperformance of the listed European utilities. The reason for this steeper-than-expected decline in energy prices includes a substantial drop in carbon costs coupled with a reduction of other input…