Perspectivas de mercado

Waiting for a clear signal

The 2022/2023 period was marked by a meteoric rise in money-market rates, from 0% to 5% in just a few months in the United States.

Perspectivas de mercado

The “Rentier” is doing better

While we ended 2022 with expectations of zero growth, or even a moderate recession, the global economy has surprised us. So much so, that we are now shifting from fears of little to no growth to the complete opposite [...]

Perspectivas de mercado

Europe's comeback and the hope for a near end to the interest rate hike cycle

Financial markets got off to a good start in 2023. Since the beginning of the year, the broad US stock index S&P 500 has risen by more than 8% in US dollar terms and the Euro Stoxx 50 by more than 11% in euro terms.

Perspectivas de mercado

Investment strategy Q1 2023 - On your marks

The past year was perceived by most observers as historic. With the war in Ukraine, the sharp rise in inflation, the quick departure from the era of cheap money and the energy shock, there was a cornucopia of burdening factors for investors. In the capital markets, equities fared poorly, losing an average of 15 per cent, but except for overvalued technology stocks, this was not a disaster if compared with other stock market crashes of the recent past.