News

The Pandas are back César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. US President Joe Biden and his Chinese counterpart Xi Jinping met for constructive talks last week, marking an easing in tensions between the superpowers in a welcome development for markets. The meeting…

Retail sales for direction César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. US retail sales data and results from some big retailers will take centre stage for markets this week as investors look for signals to continue a selective rally. A benign reading on…

Enrique Díaz-Alvarez, Matthew Ryan, CFA, Roman Ziruk, Itsaso Apezteguia, Eduardo Moutinho & Michał Jóźwiak We’ve witnessed a rather mixed performance from the currencies in Central and Eastern Europe since our last update. All four of the currencies covered in this report have lost ground against…

‘Higher for longer’ base ratees together with an increase in the term premium keep pressure on 10- year US Treasury yields. Lauréline Renaud-Chatelain, Fixed-income strategist, Pictet Wealth Management. The US 10-year yield has risen substantially since September, briefly touching 5% on 23 October (before retreating…

The volatility of the fixed income market has left investors wary. But the yields offered by shorter- dated bonds are as attractive as they have been in quite a while. Mickael Benhaim, Head of Fixed Income Investment Strategy & Solutions Pictet Asset Management. With bonds…

Powell’s soft pivot César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Financial markets switched to risk-on mode last week, as a dovish pivot from the Federal Reserve and a big slowdown in US job creation fuelled expectations that US interest rates have peaked. The…

Matthew Ryan, CFA - Ebury. There were no major surprises from the Federal Reserve on Wednesday, with interest rates kept unchanged and Chair Powell striking a hawkish note on the US economy. Fed fund futures were assigning effectively zero chance of a hike this month,…

ESG corporate ratings are redrawing the financial landscape, yet investors often struggle to interpret them. Caroline Reyl, Senior Investment Manager, Stephen Freedman, Head of research and sustainability -Thematic Equities & Faisel Syed, ESG Specialist Pictet Asset Management. Overview Britain’s system of imperial measurements has long…

Story of the month The recent flotations of Arm (semiconductor, USA), Klaviyo (digital marketing, USA) and Instacart (food delivery, USA) are stirring hopes for a revival of the dormant IPO market for a year and a half now. All the three IPOs priced in the…

Comments by Franck Dixmier, Global CIO Fixed Income at Allianz Global Investors, ahead of the Fed meeting on 31 October and 1 November. Why we expect the Fed to hold steady We anticipate no change to rates at the next meeting of the Fed's monetary…