2Q22 earnings season has been generally positive, alleviating investors’ immediate concerns of inflation’s effect on corporate profitability. However, the macroeconomic backdrop is still likely to deteriorate further, only adding to concerns aroun...

Weekly review by Steven Bell , Chief Economist (EMEA) at Columbia Threadneedle Investments Following comments from Fed chair Jay Powell, markets are pricing in a faster pace of tightening over the next few months. The Fed also concedes un...

The Pictet Group today released unaudited figures for the first half of 2022 showing operating income of CHF 1.577 billion (up 2% compared with the first half of 2021), and total operating expenses before tax of CHF 1.110 billion (up 3%). Net p...

Thomas Costerg, Pictet Wealth Management Chairman Jerome Powell’s Jackson Hole speech was short and rather high level. Its main message was that the Fed is not ready to lower its guard on fighting inflation, even if this causes some pain to gro...

Frederik Ducrozet & Axel Roserens, Pictet Wealth Management As if the economic situation facing the euro area were not challenging enough, gas and electricity prices have skyrocketed to new highs in recent days. With no end in sight to the ...

Frederik Ducrozet, Head of Macroeconomic Research, Pictet Wealth Management. Higher inflation, weaker growth, larger deficits and faster rate hike We are revising our euro area GDP forecast to account for a more severe energy shock and de...