February 2024

Macroeconomy Recent business surveys suggest that the slump in global manufacturing might be bottoming out, although the figures remain more robust for emerging economies than for advanced ones. However, the vulnerability of some supply chains means the improvements need to be confirmed. Data released so…

Bumpy ride towards 2% inflation César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. 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…

AI: fad or margin effect ? " Maintaining net margins at high levels appears largely subject to the rapid and continued spread of productivity gains associated with AI." A disappointing earnings season (for now) For the first time in 10 years, European companies are reporting…

As inflation continues to slow and economic growth remains resilient we upgrade stocks to overweight as part of a tactical move. Asset allocation: window of optimism For once, it has been quite a positive start to the new year – at least as far as…

Slowdown ? What slowdown ? César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW The Fed’s dousing of hopes for a March rate cut, renewed fears around some regional banks in the US and underwhelming tech earnings meant that stocks struggled…