Outlook
& news.

Nvidia’s results stole the show this week. Third-biggest S&P 500 cap, the group’s figures had as much, if not more, impact on markets than a central bank meeting.

While Open AI recently celebrated the 1-year anniversary of ChatGPT’s public launch last month, capital markets have fully embraced the arrival of generative AI in 2023: Nvidia, recovered from the crypto meltdown in 2022, where it lost more than 50%.

Monday 26 February - He waited half a century to realise his dream of a single-handed circumnavigation of the globe. And perhaps this is the point, which will enable the public to really get an insight into this great yet very discreet sailor, who has often shied away from the spotlight, despite a truly epic track record.

The latest US inflation figure upset the consensus narrative on disinflation. After a run of resilient US economic data, inflation is now proving resilient. 

Edmond de Rothschild Corporate Finance advises IK Partners regarding the acquisition of Eurofeu. IK Partners has entered exclusive discussions with CAPZA for the acquisition of a majority stake in Eurofeu, alongside the management and CAPZA, who will reinvest in the new operation.

Edmond de Rothschild Corporate Finance advises Nextstage AM on its minority stake acquisition in CLAREO Lighting, alongside MI3, BNP Paribas Développement, and Adelie.

Most French cities set up a big wheel before Christmas, allowing everybody and especially children to have their first winter thrills.

Central banks in the US and Europe are now not so keen to start cutting rates. With inflation still running above target and labour markets on form, they have all warned of the risk of acting too soon.

With disinflation picking up speed and pending a return to normal conditions, central bank moves will still play a big part in overall market momentum. 

Volatility resurfaced this week on concerns over regional banks in the US after New York Community Bancorp ramped up provisioning for bad loans amid a decline in lending prospects. 

Between the first COP in Berlin in 1995 and the COP28 in Dubai in late 2023, the environmental transition has gathered pace. Although much work still needs to be done, new dynamics are at work in order to achieve the ambitious climate goals.

We were rather sceptical over the COP28 and what it would deliver. But we were proven wrong, notably thanks to the discreet, effective, and surprising coordination between China and the United States. Importantly, the final agreement makes the first ever mention of a gradual phasing out of fossil fuels by 2050.