Outlook
& news.

Geopolitical tensions mounted and the dollar rose ahead of the first anniversary of the beginning of the Russo-Ukrainian conflict.

Economic data hogged the headlines, especially in the US where they wrong footed expectations of central bank hikes.

By understanding today’s social challenges, accompanying major trends which will shape economies over several decades, and giving investments purpose, thematic investing addresses structural issues that can create long-term value.

In an interview after the latest FOMC, Jerome Powell said the disinflation process had begun in the US despite the strong jobs market.

The shift in what central banks said counted for more than what they actually did. As expected, the Fed raised rates by 25bp to 4.75% and said further hikes would be needed.

With inflation in the US and Europe slowing and activity still highly resilient, markets extended gains.

US consumer confidence has recovered but numerous advanced indicators in the US are down and still pointing towards a recession. 

Kristelle Wauters will serve as Chair of the Management Board from January 2023 and brings 20 years’ experience in real estate asset management.

The good news is that behind one COP lies another.

The IMF may have cut its global growth forecasts for 2023 from 2.9% to 2.7% but investors now seem to favour a soft landing scenario, especially in the US.

China’s Covid management keeps on surprising us. The much-criticised zero-Covid approach with its rigorous lockdowns were suddenly replaced by an uncontrolled reopening which completely swamped the healthcare system.

China’s Covid management keeps on surprising us. The much-criticised zero-Covid approach with its rigorous lockdowns were suddenly replaced by an uncontrolled reopening which completely swamped the healthcare system.