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Market flash: Markets have calmed down but caution is still the watchword

Market Analysis

Market flash: Markets have calmed down but caution is still the watchword

07/02/2025

•    OPEC+ decided to stick with current production cuts to keep oil prices around $75. 
•    As expected, the Bank of England cut its benchmark rate by 25bp amid slowing growth and inflation..
•    In China, employment and export orders resulted in indicators coming in lower than expected with services at 51 and industry at 50.1.

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Outlook & Convictions - S1 2025

Outlook & Convictions - S1 2025

05/02/2025

Benjamin Melman, our Global CIO AM, shares his insights for the upcoming months, focusing on major asset classes, essential themes, and priority regions as we enter the new year.

 

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EdRS Corporate Hybrid Bonds celebrates its third anniversary!

EdRS Corporate Hybrid Bonds celebrates its third anniversary!

04/02/2025

Just three years after the launch of the EdR SICAV Corporate Hybrid Bonds fund, Edmond de Rothschild Asset Management has positioned itself as a pioneer in the non-financial hybrid debt market, known as "corporate hybrid", becoming a key player in this segment in Europe with over 700 million euros in assets under management.
 
We invite you to explore our team's insights on this asset class, as well as our strategic outlook for 2025.

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Letter from the CIO AM : Tectonic movements and a reasonable allocation

Letter from the CIO AM : Tectonic movements and a reasonable allocation

31/01/2025

Too many uncertainties are currently weighing on markets, amid unfavourable valuations, for us to expose our portfolios unduly to major market risks. In this regard, we have maintained our neutral view on the two main asset classes - bonds and equities - as well as our modest overexposure to Chinese equities. We kept up our equity exposure on account of the fading risk of a recession in the US, now all but removed, and of the stronger-than-expected resilience of the global economy.

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Market flash: China and the US race for global leadership in technology

Market Analysis

Market flash: China and the US race for global leadership in technology

31/01/2025

•    The arrival of DeepSeek, an AI aiming to be more efficient and cost-effective than ChatGPT, created a buzz among investors.
•    The reductions in public spending and the size of the federal administration planned by Donald Trump could have negative repercussions on economic activity and the labor market.
•    The ECB has lowered its key interest rates due to the slowdown in inflation and weak growth.

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The DeepSeek effect

The DeepSeek effect

28/01/2025

DeepSeek is the new keyword you need to know today if you invest or stand in the forefront of technology!

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Outlook & Convictions n°12: Between Catalysts and Uncertainties

Investment Strategy

Outlook & Convictions n°12: Between Catalysts and Uncertainties

27/01/2025

Here you can find the latest edition of our Outlook & Convictions, a publication by the Private Banking Investments team and experts from our Group.

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Market flash: Markets applaud Donald Trump's first week as president

Market Analysis

Market flash: Markets applaud Donald Trump's first week as president

24/01/2025

•    Donald Trump reassured financial markets by delaying potentially inflationary measures, leading to a rise in equity markets.
•    Exchanges between Donald Trump and Xi Jinping helped mitigate the risks of a trade war, thus supporting a rebound in Chinese stocks.
•    Markets were bolstered by positive developments such as the ceasefire in Gaza, improved manufacturing PMI in Europe, and excellent fourth quarter figures in the US. 

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Market flash: Markets enjoy a breath of fresh air

Market Analysis

Market flash: Markets enjoy a breath of fresh air

17/01/2025

•    Underlying inflation in the US has slowed more than expected.
•    In the United States, investors are now anticipating a rate cut in June rather than October.
•    The fall back in Treasury yields revived equity markets, with European indices doing particularly well.

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The SRI Chronicles - Should we expect more or less regulation in sustainable finance?

Magazine

The SRI Chronicles - Should we expect more or less regulation in sustainable finance?

15/01/2025

While January is the month of wishes and good resolutions, what can we expect in terms of regulation for sustainable finance in Europe by 2025? In France, candidates for the competitive examination and students at the Institut national du service public (INSP), which has replaced the Ecole nationale d'administration (ENA) since 2022, have been working for decades on a similar question: more or less state? The right answer is a more EFFICIENT state. 

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Monthly CIO View: The "Trump Trade" is running out of steam in the run-up to the inauguration and the "Tech/AI" euphoria is warning but not abating

Monthly CIO View: The "Trump Trade" is running out of steam in the run-up to the inauguration and the "Tech/AI" euphoria is warning but not abating

15/01/2025

Despite being heralded by the statistics, the rally at the end of December, commonly known as the "Santa Rally", failed to materialise. Most equity markets corrected in December, with the MSCI World down -2.7% and the MSCI Emerging Markets down -0.3%. However, there was considerable dispersion both geographically and by sector. The S&P500 fell by -2.5%, but the Russell 2000, which represents US small caps, fell by -8.4%, while the Nasdaq posted a positive performance of +0.5%. Reflecting this sectoral dispersion, the S&P500 index fell by -6.4% in December. Over 2024, the performance gap with the capitalisation index was 12.4%, the widest since the dot-com bubble.

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Market flash: A week marked by a surge in bond rates

Market Analysis

Market flash: A week marked by a surge in bond rates

10/01/2025

•    The president-elect’s very aggressive stance on foreign policy gave investors more cause to worry and US equities fell further and bond yields increased. 
•    The US labor market continues to show signs of strength, with rising job vacancies and falling unemployment registrations.
•    The UK saw the biggest surge in bond rates over the week. 10-year gilts hit an intraday high of 4.9%, a level not seen since 2008.

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