Bruno Cavalier, Chief Economist ODDO BHF Asset Management. KEY HIGHLIGHTS: For more than two years, monetary policy had been tightened almost everywhere in the world. Progress in disinflation from 2023 onward has enabled a reversal. Last year, policy rates were cut almost everywhere, except in…

Peace talks César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. The S&P 500 rose 1.5% last week, coming back to life once inflation and other data had been absorbed. Despite the drumbeat of Trump tariff threats, equity volatility, as measured by the Vix index,…

By Prof. Dr. Jan Viebig, Chief Investment Officer, ODDO BHF Asset Management. The German economy is in a position of weakness, just as the global economy appears to be entering a more conflictual era. Trump has barrelled ahead with his promised tariff increases, which threatens…

Laurent Denize, Global Co-CIO, ODDO BHF AM. "For those watching the global AI race, DeepSeek’s development is a reminder that innovation doesn’t solely come from established giants. It can emerge from anywhere. No one can assume a permanent and consistent edge" On the morning of…

For the next four years, the 47th President of the United States' propensity for permanent power struggles will fuel the uncertainties surrounding global economic dynamics. With its international allocation, R-co Valor is necessarily exposed to these upheavals. How should we approach this new environment and…

Opening Salvo on Tariffs César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. A mixed US January job report was not seen as changing the Fed’s wait-and-see stance and did little to sway the S&P 500, which declined -0.23% on the week (in USD). Despite…

By Prof. Rd. Jan Viebig, Chief Investment Officer, ODDO BHF SE Those who expected that Donald Trump’s first policy move would be to cut taxes were wrong. On 1 February, the White House opened fire with trade policy, introducing a first raft of measures raising…

The key trends in science, technology and sustainability over the next 12 months – and beyond. Tech beyond AI AI has dominated the headlines for the past two years, but it is not the only tech trend worth watching. Advancements in robotics and automation are…

Paul Reuge, European Equities Portfolio Manager Rothschild & Co Asset Management. The sector's correlation with interest rates was maintained in 2024, apart from during the summer break, when good publications from listed real estate companies helped to focus investors' attention on fundamentals. The resurgence of uncertainty about…

Emerging market companies are improving their sustainability scores faster than the global average, suggesting they could soon become a key feature of sustainable equity portfolios. Bahar Sezer-Longworth, ESG Specialist, Pictet Asset Management. Emerging markets (EM) may not be the first choice for sustainability-minded equity investors. But…