Outlook
& news.

Oil prices were partly responsible for shifts in other asset classes, mainly at the beginning of the week as investors waited for US inflation data.

Luxembourg, Hamilton, 18 December 2023 - Edmond de Rothschild and Apex Group are pleased to announce that they have reached a strategic agreement. 

In a radical shift, the latest Fed meeting opened the door to rate cuts. Nobody on the rate-setting committee now expects a hike in 2024 and the dot plot average is for a 75bp cut by the end of the year. 

Now that markets are expecting rate cuts in 2024, investors will be looking at the economy, and jobs and inflation data in particular, to back up these expectations.

Interview with Alexander Eventon and Marc Lacraz, Fund Managers Corporate Hybrid Bonds.

The rebound in US third-quarter growth was already surprisingly good and now GDP has been revised even higher. 

Following the reassuring inflation data, central banks and markets want to believe a soft landing is possible.

The US Congress has reached an agreement, thus avoiding a government shutdown. The plan put forward by the Republican Speaker, Mike Johnson, is to fund some parts of the government through to January 19th and others through to February 2nd.

Geneva, Switzerland and Hanoi, Vietnam, 16 November 2023: Edmond de Rothschild is proud to announce a strategic partnership with Bank for Investment and Development of Vietnam (BIDV), one of the largest and most-esteemed banks in Vietnam, to build the leading private bank in the country.

Following Jerome Powell’s more accommodating stance and a sharp drop in bond yields in the previous week, the period under review was more restrained, even if volatility persisted. 

The corporate debt market currently offers an attractive risk/return profile, according to Edmond de Rothschild Asset Management.

European inflation ebbed faster than expected, retreating from 4.3% last month to 2.9% as energy prices continued to ease. The tamer inflation, combined with a sharp economic slowdown in Europe - as demonstrated by the 0.1% contraction in GDP during Q3 - should provide the ECB with the reassurance needed to halt its monetary tightening.