Investing

Please find below a new comment from Nadia Gharbi, Senior Economist, at Pictet Wealth Management, ahead of this Thursday’s ECB meeting With September data pointing to weaker growth and inflation dynamics than the ECB staff projections, a consensus seems to have emerged within the Governing…

Neither green nor red The week in review With the Q3 reporting season set to begin in earnest, markets were largely in ‘wait-and-see’ mode last week. A year on from Hamas’s attacks on Israel, there is still palpable unease about events in the Middle East…

Pictet Wealth Management’s latest positioning across asset classes and investment themes. Macroeconomy Global purchasing manager indexes (PMI) for manufacturing continue to point to declines in business activity, led by a downturn in new orders. It is still too early to say whether generalised rate easing…

Plenty of jobs César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. The week in review US manufacturing continued to contract in September, but a nonfarm payrolls report for last month that was much stronger than expected helped the S&P 500 eke out a 0.3%…

An attractive carry. Lauréline Renaud-Chatelain, Fixed-income strategist Pictet Wealth Management. Emerging market (EM) local currency (LC) sovereign bonds have had a tough first half of the year, mostly because of the weakening of EM currencies against both the US dollar and the euro. Nevertheless, their…

Xi’s “whatever it takes” moment? César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW Chinese stocks had their strongest week since 2008 after extensive new economic stimulus was unveiled and the authorities hinted strongly that more was to come. The news…

Story of the month In search of earnings growth despite economic worries – which companies are now exploiting their strengths After the market collapse in August, the capital markets quickly regained their composure. Nevertheless, the uncertainty is still considerable. Growth in Europe, particularly in Germany,…

Rates recalibration César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. The Fed’s decision to “go big” and lower the Fed funds rate by 50 bps provided a fillip to equity markets last week. The large rate cut, on top of upbeat US economic data…

Pictet Alternative Advisors (PAA) has announced the final close of the second vintage of its technology-focused thematic private equity fund at more than USD 200 million. Managed by Stanislas Chanavat, Chuang Zhu, Nicolas Schwyn and Jacqueline Xu, the Technology strategy targets high-conviction investment opportunities in…

Powell describes a 50bp rate cut as recalibration, but he shows a pre-emptive reaction function Below you will find a new comment from Xiao Cui, Senior Economist, at Pictet Wealth Management, in reaction to last night’s Fed meeting: Contrary to what we expected, the Fed…