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September 2023

Investing

Dollar rises again as US economy continues to outperform

Enrique Diaz Alvarez, Chief Financial Risk Officer, Ebury. The US economy continues to defy the global downturn, and the dollar is reaping the benefits. Dismal July data from German factories and more jitters about the Chinese downturn slammed equities worldwide, but US Treasury yields marched higher anyway. Not surprisingly,…
EFI
11 September 2023
News

US macro update

Remarkable resilience so far but headwinds ahead Xiao Cui, Senior Economist Pictet Wealth Management. The US economy has proven remarkably resilient to rate hikes, and the third quarter is on track to post strong growth. Interest rate sensitivity seems to be rather low and lags…
EFI
11 September 2023
News

One More Time (but we’re not gonna celebrate)

By Frederik Ducrozet, Head of Macroeconomic Research, Pictet Wealth Management, ahead of the ECB meeting next Thursday (14 September). The outcome of the 14 September meeting of the ECB’s Governing Council (GC) looks very uncertain, more than any ECB meeting in recent history. The last…
EFI
11 September 2023
Personal Finance

Japan merits a closer look

According to Luca Paolini, Chief Strategist at Pictet Asset Management: “Japanese stocks are a bright spot in an otherwise uninspiring global equity market”. Investors are rediscovering Japan. Inflows into the country’s equity market from non-domestic investors are the strongest they’ve been in a decade. We raise Japanese equities…
EFI
08 September 2023
a large building with columns and a flag on the cornerBondsInvesting

J. Safra Sarasin: Preference for high-quality bonds 

J. Safra Sarasin: Preference for high-quality bonds Due to high core inflation, the Federal Reserve and major central banks continue to raise interest rates. A US recession is expected to occur in the fourth quarter of this year or the first quarter of 2024, leading…
EFI
08 September 2023
Investing

End-of-Summer cooldown

César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Goldilocks again? A batch of US economic reports last week cheered investors looking for signs of a “Goldilocks” scenario, where activity slows enough to keep further interest rate hikes at bay without pointing to recession. With…
EFI
06 September 2023