Perspectivas
y actualidad.

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. 

(English version) With these podcasts, we'd like to share some of our key convictions on tomorrow's market trends.

The shock waves from the Middle East have seriously destabilised the region. The Israeli government is facing various challenges: it has to ensure the country’s security and restore its military credibility and power of deterrence. 

Geopolitical tensions rose by another notch, rekindling concerns over energy prices but also driving volatility on bond markets to levels last seen during the 2008 financial crisis.

The situation in the Middle East has raised geopolitical risk significantly. Markets were only briefly reassured by Joe Biden’s visit to Israel and the decision to send two aircraft carriers to the Mediterranean.

One thing is sure about financial markets, no day is the same! 

Interview with Adeline Salat-Baroux and Sébastien Malafosse, Fund Managers of the Healthcare strategy.

Geopolitical risk was in the limelight after Hamas terrorists attack opened a new, bloody chapter in the Israeli-Palestinian conflict.

Bond markets have been falling since the beginning of September, sending yields on 10-year US Treasuries and the equivalent German Bund up by 60bp and 40bp, respectively. The move higher has been accompanied by significant yield curve steepening.

Markets have so far had a measured response to the events over the weekend in Israel. 

The week kicked off with a big sigh of relief after Congress reached a last-minute agreement to avoid a shutdown, even if it only put the deadline back by 45 days.

Edmond de Rothschild Real Estate Investment Management (“EdR REIM”) has achieved a four and five star rating in the 2023 assessment of GRESB, the Global Real Estate Sustainability Benchmark, for its European light industrial strategy and its Benelux office strategy.