September 2024

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…

Prof. Dr Jan Viebig, Chief Investment Officer of ODDO BHF SE, comments on the Federal Reserve's interest rate decision: ‘On Wednesday evening, the US Federal Reserve lowered the target range for the federal funds rate by half a percentage point to 4.75 to 5.00 per…

Laurent Denize, Global Co-CIO ODDO BHF Asset Management. "We remain constructive on equities, with a particular focus on secular growth themes such as AI and the ecological transition. At the same time, we are adapting our portfolios to account for the new interest rate cycle."…

Que sera, sera César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW Last week, the US equity market was overshadowed by speculation about the size of the upcoming Fed rate cut. While the consumer inflation report for August seemed to cement…

Cyclical and structural challenges as consumption patterns change. Zhennan Li, Senior Asia Economist, Pictet Wealth Management. The recovery in household consumption in China has been relatively sluggish since the pandemic and spending is still well below the pre-covid trend in nominal terms. This primarily reflects…

Story of the month The development of energy storage is a prerequisite for the continued large-scale deployment of renewable energy. While solar and wind are seen as key technologies in the low-carbon energy transition and the electrification of the economy, managing their volatility remains key…