Trade war averted

Less uncertainty at the price of higher tariffs

Time for Multi Asset in 2026

Positioning portfolios for the next phase of market dispersion.

Time for Multi Asset

By: Vincenzo Vedda, Peter Warken, Henning Potstada

After years of minimal interest rates, investors have been piling into money-market funds since 2022 to take advantage of higher rates. Now is the time to rebalance and diversify.

Tight by comparison

Increasingly, shrinking Eurozone spreads say less about European virtues and more about anxieties in many of the world’s other bond markets.

The worrying 'K' on the U.S. stock market

The operating profits of the S&P 500 and overall economic profits are decoupling

The shine is back on gold

By: Vincenzo Vedda

To participate in the expected performance of the yellow precious metal, investments in physical gold and gold mining shares appear equally suitable

The Nikkei has scaled new heights

Both political developments and structural tailwinds are breathing fresh life into the Japanese stock market

The great net income divergence, revisited

For over a decade, the S&P 500’s net income growth has outpaced Europe’s Stoxx 600. But signs of change are emerging beneath the surface.

Tequila sunrise

Mexico in the spotlight: despite concerns ahead of last year’s U.S. elections, the peso has strengthened and local bonds have shone. What may be driving this resilience?

Still constructive

Cautiously optimistic: Our forecasts for the next 12 months

Springtime for Germany’s DAX?

The DAX has hit a record high, outperforming smaller German stocks. Investors expect a business-friendly government. But many challenges remain.  

Silver – a metal of dual purpose in tightening markets

Silver hits record highs on industrial demand surge and supply squeeze

Securing Europe’s security and growth with less energy waste

Europe's economies wasted billions of euros through the inefficient use of energy

Role reversal

How Italy and France appear to be switching positions when it comes to the respective riskiness of their government debt.

Regime change of a different kind

Venezuela’s turmoil offers a test case of how oil and metals shocks can ripple through inflation and rates, as the energy transition rewrites old market rules.