October 2024

Story of the month US STOCK MARKET - OVERVALUED OR FAIRLY VALUED? "Political stock markets have short legs" is a stock market adage that says political events such as elections or wars have no lasting impact on stock prices. Nevertheless, investors tend to become more…

Please find below a new comment from Nadia Gharbi, Senior Economist, at Pictet Wealth Management, in reaction of today’s ECB meeting : The ECB decided to cut its deposit facility rate by 25 basis points (bp) to 3.25% at today’s Governing Council (GC) meeting, as…

Pictet Group published today the first study of its newly established Pictet Research Institute, a Group-wide capability dedicated to research into topics with long-term implications for investments, this time with a focus on US Debt, with the title: “The critical role of US debt sustainability…

Please find below a new comment from Nadia Gharbi, Senior Economist, at Pictet Wealth Management, ahead of this Thursday’s ECB meeting With September data pointing to weaker growth and inflation dynamics than the ECB staff projections, a consensus seems to have emerged within the Governing…

Neither green nor red The week in review With the Q3 reporting season set to begin in earnest, markets were largely in ‘wait-and-see’ mode last week. A year on from Hamas’s attacks on Israel, there is still palpable unease about events in the Middle East…

Pictet Wealth Management’s latest positioning across asset classes and investment themes. Macroeconomy Global purchasing manager indexes (PMI) for manufacturing continue to point to declines in business activity, led by a downturn in new orders. It is still too early to say whether generalised rate easing…

Plenty of jobs César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. The week in review US manufacturing continued to contract in September, but a nonfarm payrolls report for last month that was much stronger than expected helped the S&P 500 eke out a 0.3%…

An attractive carry. Lauréline Renaud-Chatelain, Fixed-income strategist Pictet Wealth Management. Emerging market (EM) local currency (LC) sovereign bonds have had a tough first half of the year, mostly because of the weakening of EM currencies against both the US dollar and the euro. Nevertheless, their…

Xi’s “whatever it takes” moment? César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW Chinese stocks had their strongest week since 2008 after extensive new economic stimulus was unveiled and the authorities hinted strongly that more was to come. The news…