Gold prices could rise moderately in 2024, but other precious metals could do better. Luc Luyet, Currencies strategist, Pictet Wealth Management. The start of next year could remain challenging for precious metals based on our central forecast that the Fed will be more hawkish than…

Nadia Gharbi, Senior Economist, Pictet Wealth Management. As we move towards 2024, fears the euro area economy will slide into recession remain rife. For our part, we expect the euro area to move sideways until mid-2024 before a modest recovery in H2 2024, with euro…

Coline Pavot, Head of Responsible Investment Research, La Financière de l’Echiquier (LFDE) There is an ongoing conversation about the place of women in business. It covers a range of issues, from professional equality to the glass ceiling and presence on boards, and progress is proving…

Pictet Asset Management. Global economy Leading economic indicators point to a mild recession in the US and stagnation in Europe in the early part of 2023, followed by a rebound in the second half of the year. Our central forecast is for global GDP growth…

Trade Republic has become a full-fledged bank with a full banking licence from the European Central Bank, and passes on the 4% gross interest rate on its savings account directly to savers, without conditions in terms of fidelity premium or otherwise, which does apply to…

The last mile or the final descent ?  Xiao Cui, Senior Economist, Pictet Wealth Management. The pandemic has made mainstream business cycle analysis much more complicated and significantly increased macro volatility. In 2024, we expect the driving force of US economic momentum to shift from…

Titan pass César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Last week was rich in news—and obituaries—in the US. Among the latter were the deaths of centenarian Henry Kissinger as well as of near-centenarians Charlie Munger, Warren Buffet’s right- hand man, and Sandra Day…

Big decline in inflation puts pressure on the ECB ​ Nadia Gharbi, Senior Economist, Pictet Wealth Management. Eurostat’s flash estimate of euro area headline inflation eased to 2.4% y-o-y in November from 2.9% the previous month, while core inflation moderated to 3.6% from 4.2%. The decline in…

Election surprises César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. A small rise in the composite purchasing manager’ index in November for the first time in five months constituted a sliver of good news for the euro area last week. Much of the improvement…