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Monthly investment brief

The “60/40” strategy is back Laurent Denize, Global Co-CIO, ODDO BHF AM. " Regardless of the region or the economic cycle, the aim is to identify sectors and, within those sectors, companies capable of creating long-term value" . A new era The 2022/2023 period has…
LFI
26 December 2023
News

Weekly View: Steering towards rate cuts

Rates higher for longer ... but not forever César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. The US Federal Reserve surprised markets last week with a remarkable policy pivot, signalling that it had started discussing interest rate cuts in a dovish message that lifted…
LFI
20 December 2023
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Outlook 2024 on oil

Jean-Pierre Durante, Head of Applied Research Pictet Wealth Management. A market dominated by demand from emerging economies As the energy transition gathers pace, demand for combustible fossil fuels is expected to peak this decade. The demand for car fuel could peak soon, followed by other…
LFI
18 December 2023
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Ebury: volatile week for currencies

We said that last week would be a volatile one, with three key central bank meetings in quick succession, and currency markets did not disappoint. The Federal Reserve executed a clear pivot towards rate cuts, both in terms of rhetoric and its actual forecasts for rates…
FJV
18 December 2023
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Ebury: a reaction on the ECB meeting

ECB's refusal to turn dovish supercharges EUR/USD rally Roman Ziruk, Matthew Ryan, CFA The tone of the last ECB meeting of the year was noticeably more hawkish than expected by markets, allowing EUR/USD to extend its rally on Thursday. The ECB’s statement included a small…
EFI
15 December 2023
OpinionPodcasts

Weekly View: Pivotal week

César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. Taylor Swift is Time magazine’s Person of the Year and, on inflation, the US economy is certainly dancing to her tune “Shake It Off”. The Federal Reserve’s favoured measure of price pressures, the core personal consumption…
PFI
14 December 2023
News

Precious metals: 2024 Outlook

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…
LFI
08 December 2023