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Investing

Is this for real?

César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Waiting for Jay The Federal Reserve’s Jackson Hole gathering is the big event this week for markets, which are grappling with the implications of a resilient US economy. Fed Chair Jay Powell’s speech on Friday will…
EFI
29 August 2023
Crypto

Finst becomes first Dutch crypto platform to release extensive Proof of Reserves

Finst becomes first Dutch crypto platform to release extensive Proof of Reserves Amsterdam-based cryptocurrency exchange Finst announcesthe successful release of its Proof of Reserves (PoR) conductedby a reputable and independent audit firm Finst’s extensive Proof of Reserves audit is a first-of-its-kind,aiming to address the limitations…
KFI
22 August 2023
Investing

Becoming more upbeat about the euro periphery

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…
KFI
17 August 2023
Investing

Dissipating clouds

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…
KFI
17 August 2023
Investing

On hold for now

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…
KFI
16 August 2023
CryptoNews

Binance becomes first fully licensed crypto exchange in El Salvador

Binance becomes first fully licensed crypto exchange in El Salvador The exchange has been granted both Bitcoin Services Provider license and the first non-provisional Digital Assets Services Provider license, allowing it to offer tailor-made products and services in the country Binance is pleased to announce…
KFI
11 August 2023
Investing

AllianzGI appoints Thomas Schindler new CFO

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…
KFI
08 August 2023
Investing

No one is infallible

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”…
KFI
08 August 2023
Investing

Bank of England near the peak in rates

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…
KFI
03 August 2023
Investing

A busy time

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…
KFI
01 August 2023