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Comments by Nadia Gharbi, Senior Economist, Pictet Wealth Management As expected, the European Central Bank (ECB) remained on hold at its monetary policy meeting today. There was no major surprise coming from ECB press conference, but on the margins our impression is that the likelihood of a…

Betting against the US economy was a mistake, while hopes for China's revival proved overly optimistic. Chief strategist Luca Paolini runs the rule over a tumultuous year Luca Paolini, Chief Strategist Pictet Asset Management. 1. Growth is more important than rates for equities The idea that…

Investors are overly optimistic about how soon and deeply central banks will be able to cut rates. The fight against inflation isn't won yet Andres Sanchez Balcazar, Head of Global Bonds Pictet Asset Management. US Federal Reserve Chairman Jerome Powell had only to mention that…

THE E-COMMERCE REVOLUTION: “Shop like a billionaire”! Yanxiu Gu, Product specialist, Chinese equities ODDO BHF AM. "As global consumers tighten their budgets ..., companies like Shein and Temu (PDD), which prioritize offering ultimate value for money, are emerging as distinct beneficiaries." In December 2023, Apple unveiled…

The key trends to look out for in science, technology and sustainability over the next 12 months – and beyond. Stephen Freedman, Head of research and sustainability, Thematic Equities Pictet Asset Management. 1. Generative AI goes professional Generative AI dominated the headlines in 2023, and fuelled strong…

"Transitioning away from fossil fuels in energy systems" Story of the month The 28th Conference of the Parties on Climate Change (COP 28) was held from 30 November to 13 December in the United Arab Emirates. While the exercise is repeated every year, this editionwas…

Having enjoyed a strong rally, technology stocks are now a key feature of both active and passive equity portfolios. This means understanding their ESG credentials has never been more important. Daegal Tsang, Senior Investment Manager, Marie Dumas, Client Portfolio Manager and Stephen Freedman, Head of…

Welcome to 2024: the Great Election year César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. As an eventful 2024 gets underway, let us start by wishing you a successful year. The coming 12 months will see more than half the world’s population vote in elections,…

HICP inflation: an expected pick up in December  Nadia Gharbi, Senior Economist Pictet Wealth Management. Eurostat's flash estimate showed that euro area headline inflation rebounded to 2.9% y-o-y in December from 2.4% the previous month, in line with expectations. Core inflation eased to 3.4% in December from…

Christmas after Christmas Jacques Henry, Head of Equities at Pictet Wealth Management. Our forecast is for low- to mid-single digit growth in developed-market stocks’ revenues in 2024 as nominal GDP growth is expected to remain positive. Margins are expected to remain fairly resilient as long…