EFI

Please find below a new comment from Xiao Cui, Senior Economist, at Pictet Wealth Management. A benign moderation in the labour market remains our base case. The recent increase in the unemployment rate, from a local trough of 3.4% in April 2023, to 4.2% in…

Below you will find a new from Nadia Gharbi, Senior Economist, at Pictet Wealth Management, in reaction to yesterday's ECB meeting. The ECB decided to cut its deposit facility rate by 25bp to 3.50% at today’s Governing Council meeting, as widely expected. President Christine Lagarde…

Pictet Asset Management Prospects for Swiss and financial stocks look bright even if equity markets are likely to remain volatile. Asset allocation: caution following market whiplash A whipsaw month in the global equity markets – down 9 per cent during the month at one point…

Please find below a comment from Nadia Gharbi, Senior Economist at Pictet Wealth Management. We expect the European Central Bank (ECB) to cut its deposit facility rate (DFR) by 25bp to 3.50% on September 12. A cut is widely expected, so the focus will be…

Un-inverted César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW Markets spent much of last week fretting about economic data, especially in the US, where weak manufacturing and job-opening surveys kept minds focused. Worries about the US economy culminated in a…

Labour week César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW After a frightening start to the month, US equities ended August on a more even keel last week as markets looked forward to Fed rate cuts, inflation gauges held steady,…

Increasing international tensions and deglobalisation will impact supply chains and trade and could ultimately feed into inflation. The global geopolitical landscape is undergoing profound transformations, with a gradual unravelling of the post-World War II global order led by the US. Several major trends are reshaping…

The time has come César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW Federal Reserve Chair Jay Powell struck an unambiguously dovish tone in his Jackson Hole speech on Friday, making clear the Fed is ready to cut rates in September…