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,…

The Pandas are back César Pérez Ruiz, Chief Investment Officer Pictet Wealth Management. US President Joe Biden and his Chinese counterpart Xi Jinping met for constructive talks last week, marking an easing in tensions between the superpowers in a welcome development for markets. The meeting…