When Chinese artificial intelligence startup DeepSeek launched a large language model in January with a similar performance to that of US rival OpenAI at a fraction of the cost and computing power, it did not just set the stage for a battle ...

Last year, we identified a deteriorating fiscal backdrop in the US and argued that the unique status of the dollar as the world’s reserve currency and the depth of the US capital markets provide exceptional fiscal leeway. We also said US deb...

Trade headwinds César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. US equities retreated after President Trump threatened to impose additional 100% tariffs on all Chinese imports from 1 November. Trump’s latest tarif...

César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. Japan’s ruling Liberal Democratic Party (LDP) elected Sanae Takaichi as its new president, putting on her course to become the country’s first female prime minister. Ta...

By Francis Muyshondt. Geopolitics is as decisive for financial markets today as interest rates and earnings. Investors can no longer afford to ignore this aspect, indicates Anna Rosenberg, head of geopolitics at asset manager Amundi Inv...

Alexis Bienvenu, Fund Manager, La Financière de l'Échiquier. The record highs chalked up almost daily by global equities and, even more so, the stratospheric performance of certain iconic securities such as Nvidia (+1,411% over three ye...