Recherche

Contact us

Market Insights – 9th of September 2019

German manufacturing is still stuck in the doldrums, raising concerns that the slowdown will spread to the rest of the economy, which for the moment is holding up well. Factory orders fell more than forecast, dropping 2.7% on a monthly basis, mainly because of a decline in export orders. And industrial output was down for the second month in a row (–0.6% month on month)…

Market Insights – 2nd of September 2019

US consumer confidence indexes didn’t lose any ground in August despite the escalating trade war with China and the slump in manufacturing output. This is largely because the economy is close to full employment, wages are rising and financial conditions are loose…

3 steps to Protect, Restructure and Reinforce your finances in challenging times

If there are times when you feel overwhelmed by unwelcome changes in your life (facing redundancy, losing a loved one, separation or divorce…), then read on… strengthening your financial resilience may be the key to surviving, and even thriving, through personal or professional challenges.

Market Insights – 26th of August 2019

After proving to be surprisingly resili-ent at the start of the year, Switzer-land’s economy – just like those of its main European trading partners – slowed sharply in July. At 44.7, the country’s manufacturing PMI sunk further into contraction. This disap-pointed economists, who had ex-pected it to remain at its June level of 47.5.

Market Insights – 12th of August 2019

After proving to be surprisingly resili-ent at the start of the year, Switzer-land’s economy – just like those of its main European trading partners – slowed sharply in July. At 44.7, the country’s manufacturing PMI sunk further into contraction. This disap-pointed economists, who had ex-pected it to remain at its June level of 47.5.

Market Insights – 29th of July 2019

The IMF cut its global growth forecast for 2019 to 3.2%, down from its April estimate of 3.3%, as US-China tensions or a no-deal Brexit could slow growth, weaken investment and dislocate global supply chains.

Market Insights – 15th of July 2019

China’s structural decline in economic growth continued last month, with GDP expanding 6.2% on an annualised basis, in line with expectations. However, short-term indicators already show the effects of the government’s stimulus programme – industrial production, retail sales and capital spending all came in above the June consensus estimates…

Central banks take centre stage

A major change of course is taking place, and policy normalisation is now out-dated. In light of the potential slump in international trade and sharp decline in inflationary expectations, the Fed and the ECB have already announced rate cuts in the second half of the year.

Market Insights – 1st of July 2019

The G20 summit ended with another truce in the spiralling trade war: President Trump withdrew his threat to impose tariffs on the remaining USD 300bn in Chinese imports and agreed to resume trade talks. However, he did not backpedal on the tariff hikes introduced in early May, or on setting a deadline for reaching a deal…

Market Insights – 17th of June 2019

This week, all eyes will be on the US Federal Reserve, which is meeting on Wednesday evening. Investors will be looking for confirmation that the Fed is getting ready to cut rates over the summer. Jerome Powell mustn’t get it wrong, and the markets already seem to be pricing in one, if not two, rate cuts by the Fed’s September meeting…