The economies and bond markets of Spain and Italy have proved more resilient than expected. Lauréline Renaud-Chatelain, Fixed-income strategist and Nadia Gharbi, Senior economist Pictet Wealth Management. Peripheral countries started the year on a strong footing, thanks to pent-up demand from the pandemic, a solid…

Reduced recession risk, an approaching peak in interest rates and better-than-expected corporate earnings make us less pessimistic on equities. Pictet Asset Management Asset allocation: rewarding resilience It’s all a matter of perspective. On the face of it, the fact that corporate earnings are down on…

César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Italian bank taxes, yes and no Last week, markets were treated to a relatively benign US consumer price index report for July. True, consumer inflation remains above the Federal Reserve’s 2% target, and the July producer…

Schindler will assume finance role in addition to existing governance responsibilities Schindler succeeds Markus Kobler, who will leave the firm to take up a new opportunity Allianz Global Investors (AllianzGI), a leading global active asset manager, announced today the appointment of Thomas Schindler as its…

César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. AA+ Last week, Fitch followed other ratings agencies by lowering the US’s credit rating from AAA to AA+. Fitch cited a deterioration in the fiscal outlook, a growing government debt burden and an “erosion of governance”…

Comments by Mike Riddell, Head of Macro Unconstrained at AllianzGI. Key takeaways  We expect the Bank of England (BoE) will hike by 0.25% to 5.25%, rather than 0.5% that was previously feared by markets. UK economic growth continues to falter. Higher mortgage rates are starting…

César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Delayed again Those who believe that the US economy will achieve a ‘soft landing’ received a boost last week. According to preliminary figures, GDP grew at a better-than-expected annual rate of 2.8% in Q2, while the…

Peter Rawlence, Investment Manager, Pictet Asset Management. Corporate engagement is useful addition to the responsible investor's toolkit. Grassroots campaigns are woven into the history of environmental and social reform. In the US, they have played a crucial role in the introduction of transformative welfare and…

Gabriel Micheli, Senior Investment Manager, and Viktoras Kulionis, Investment Manager and Senior Environmental Economist, Pictet Asset Management. ​ Businesses and investors are stepping up efforts to measure how corporate activity affects the health of the biosphere, and in turn, ​ how biodiversity loss impacts their own…