Investing

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…

Titan Cement International SA (Euronext Brussels, ATHEX and Euronext Paris, TITC) announces the second quarter and half year 2023 results. H1 2023 sales reached €1,229m, up 18.7% YoY as a result of solid levels of domestic demand across our main markets and products, along with…

Xiao Cui, Senior Economist, at Pictet Wealth Management. The FOMC is likely to hike rates by 25bps, as is widely expected by markets. We don’t expect changes to QT or tweaks in other administered rates. There will be no new dot plot or economic projections. We expect Chair…

Nadia Gharbi, Senior Economist, at Pictet Wealth Management. At the last ECB meeting in June, the ECB raised interest rates by 25bp, while signalling that it has still “more ground to cover”. The ECB committed to maintaining a tight policy stance for as long as…