Investing

Payroll eclipse César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW Last week was an unsettled one for markets rattled by geopolitics and doubts about the timing and extent of Fed rate cuts. The S&P 500 returned -0.9% on the week…

By Alexis Bienvenu, Fund Manager, La Financière de l’Echiquier (LFDE) Cocoa has smashed its all-time records. At the beginning of April, the cocoa futures contract topped 10,000 dollars per tonne on the New York stock exchange after averaging 3,000 dollars over recent decades. A 260%…

You will find below a commentary by Frederik Ducrozet, Head of Macroeconomic Research, at Pictet Wealth Management, ahead of this Thursday’s ECB meeting. With a majority of Governing Council (GC) members now seemingly united behind a first rate cut in June, this week’s meeting will largely be…

Comments by Franck Dixmier, Global CIO Fixed Income at Allianz Global Investors. The ECB is likely to maintain the status quo at its monetary policy meeting on 11 April. But it should give some indication of a first rate cut, which we estimate to be…

A workshop on private equity, organised by ODDO BHF AM in Paris, showed that private equity remains a fixture in a portfolio, but there are additional areas of focus. Managing Director Jérôme Marie, responsible for private equity at ODDO BHF AM, began his presentation by…

Points to ponder for the Fed César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW In a shortened week, US equity markets continued to grind forward, with the S&P 500 managing a return of over 10% (in USD) in Q1 as…

Immediate market impact of policy changes should be muted. By Dong Chen, Chief Asia Strategist and Head of Asia Research at Pictet Wealth Management. On 19 March, the Bank of Japan abandoned its negative interest-rate policy, announcing a rise in its benchmark overnight rate from…

The Fed wants to cut César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management.THE WEEK IN REVIEWThe generally dovish tone of central bank comments last week—with rate cuts still on the cards in June in the US, the euro area and the UK—meant that equity…

Most central banks confirmed their easing bias. By Frederik Ducrozet, Head of Macroeconomic Research at Pictet Wealth Management. Most developed central banks unambiguously confirmed their easing bias this week. The Swiss National Bank became the first to deliver a 25bp cut in this cycle. Against…

You will find below a commentary by Xiao Cui, Senior Economist at Pictet Wealth Management, reacting to yesterday's Fed meeting. The FOMC boosted its growth and inflation projections, but the median dot for 2024 stayed at three cuts. This says a lot about the Fed’s reaction…