Perspectieven en actualiteiten.

Edmond de Rothschild is strengthening its activities dedicated to family offices with the appointment of Jean-Nicolas Schweigert as Head of partnerships with financial intermediaries in France.

At last Wednesday’s FOMC, Jerome Powell managed to shake investor confidence while pivoting to slower rate hikes in the future.

The Fed will slow the pace of rate rises but expects a higher terminal rate than markets expected, and for longer.

Two events led investors to consider that political risk in Europe had fallen back. First, Rishi Sunak became the UK’s prime minister and second, the new government in Rome included a finance minister viewed as pro-Europe. Government bond yields in Europe then retreated and sterling and the euro gained against the dollar. The feeling is that governments now seem to realise they have less room to manoeuvre over budgets now that financing costs have risen.

Two events led investors to consider that political risk in Europe had fallen back. First, Rishi Sunak became the UK’s prime minister and second, the new government in Rome included a finance minister viewed as pro-Europe. Government bond yields in Europe then retreated and sterling and the euro gained against the dollar. The feeling is that governments now seem to realise they have less room to manoeuvre over budgets now that financing costs have risen.

Our Ginkgo Private Equity strategy identifies and purchases polluted brownfield sites in dense urban areas.

Our Ginkgo Private Equity strategy identifies and purchases polluted brownfield sites in dense urban areas.

US consumer inflation once again came in above expectations, rising to 8.2% YoY. Core inflation rose sharply to 6.6%, its highest level since 1982.

Since the Fed clarified matters at Jackson Hole, investors have been looking for the slightest indication that US inflation might have peaked.

After 2 months of non-stop rises in yields, bond markets paused for breath.

By Sébastien Cavernes, CIO Edmond de Rothschild Gestion (Monaco)

Clichés related to emerging markets regarding ESG criteria persist and they still benefit little from this prism of analysis.

Edmond de Rothschild Real Estate Investment Management (EDR REIM) has acquired 8 light-industrial and small logistics assets in various transactions across the Netherlands, Germany and France.