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…

Pictet Alternative Advisors (“Pictet”), the alternative investment business of Pictet Group, announces its first investment through its new direct private equity team, acquiring a controlling interest in facilities manager Pareto FM (“Pareto”). The team led by Edmund Buckley, Head of Direct Private Equity at Pictet,…

PMI surveys "Signs that slump in euro manufacturing is bottoming out" Nadia Gharbi, Senior Economist Pictet Wealth Management. Signs that slump in euro manufacturing is bottoming out ​ S&P Global’s flash composite purchasing manager index (PMI) for the euro area rose by 0.6 points to 47.1…

Story of the month Nils Bosse-Parra, Portfolio Manager, ODDO BHF Asset Management. "Coca-Cola generates 30% of its sales with low-calorie drinks" Diet drugs from pharmaceutical companies such as Novo Nordisk and Eli Lilly continue to cause a stir on the stock market. The Danish manufacturer Novo Nordisk,…