Investing

César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Italian bank taxes, yes and no Last week, markets were treated to a relatively benign US consumer price index report for July. True, consumer inflation remains above the Federal Reserve’s 2% target, and the July producer…

Schindler will assume finance role in addition to existing governance responsibilities Schindler succeeds Markus Kobler, who will leave the firm to take up a new opportunity Allianz Global Investors (AllianzGI), a leading global active asset manager, announced today the appointment of Thomas Schindler as its…

César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. AA+ Last week, Fitch followed other ratings agencies by lowering the US’s credit rating from AAA to AA+. Fitch cited a deterioration in the fiscal outlook, a growing government debt burden and an “erosion of governance”…

Comments by Mike Riddell, Head of Macro Unconstrained at AllianzGI. Key takeaways  We expect the Bank of England (BoE) will hike by 0.25% to 5.25%, rather than 0.5% that was previously feared by markets. UK economic growth continues to falter. Higher mortgage rates are starting…

César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Delayed again Those who believe that the US economy will achieve a ‘soft landing’ received a boost last week. According to preliminary figures, GDP grew at a better-than-expected annual rate of 2.8% in Q2, while the…

Peter Rawlence, Investment Manager, Pictet Asset Management. Corporate engagement is useful addition to the responsible investor's toolkit. Grassroots campaigns are woven into the history of environmental and social reform. In the US, they have played a crucial role in the introduction of transformative welfare and…

Gabriel Micheli, Senior Investment Manager, and Viktoras Kulionis, Investment Manager and Senior Environmental Economist, Pictet Asset Management. ​ Businesses and investors are stepping up efforts to measure how corporate activity affects the health of the biosphere, and in turn, ​ how biodiversity loss impacts their own…

Patrick Zweifel, Chief Economist, Pictet Asset Management. L’idée selon laquelle la planète se démondialise est largement répandue. L’interdépendance croissante des pays d’Asie et leur force économique démentent ce mythe. Le commerce mondial continuera de stimuler une croissance rapide en Asie. Moteur de croissance La mondialisation…

Luc Luyet, Currencies strategist, Pictet Wealth Management. The US Dollar is smilling less Recent US macroeconomic data strengthens the view that the disinflationary process is well underway, with two key implications for the US dollar. Firstly, it suggests that the end of the Fed’s tightening…