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Oil prices held steady midweek after jumping earlier in the week on news that the United Arab Emirates will quit OPEC, while broader market sentiment remained cautious ahead of the US Federal Reserve’s (Fed) interest-rate decision later Wednesday. US equities ended Tuesday mixed as weakness in...

Global equity markets were mixed at the start of the week as investors weighed a hawkish hold from the Bank of Japan (BoJ) and ongoing uncertainty around the Iran conflict. On Tuesday, the BoJ kept its policy rate unchanged but raised its inflation projections and trimmed growth forecasts...

Brent crude climbed at the start of the week as renewed tensions in the Middle East, including the collapse of US‑Iran peace talks and reports of ship boardings near the Strait of Hormuz, kept geopolitical risk premia elevated in energy markets. Despite the rise in oil, Asian equity markets...

US equities slipped on Thursday after touching fresh intraday highs, as renewed tensions around the Iran war and reports of political infighting in Tehran undermined risk appetite and hit software stocks, while chipmakers benefited from strong data centre demand. In Europe, shares ended mostly...

Asian equity markets traded mixed to lower on Thursday, giving up early gains after reports that the US military had intercepted several Iranian oil tankers in Asian waters reignited concerns that the Middle East conflict could be prolonged. This came despite strong US technology earnings that...

Global markets were grappling with ongoing Middle East uncertainty on Wednesday, as most Asia-Pacific indices traded lower despite Japan’s Nikkei 225 touching a fresh record high. Investors remained focused on the Iran conflict after US President Donald Trump extended the ceasefire while...

Asian equity markets were trading mixed on Tuesday, with South Korea’s Kospi setting a fresh record as investors looked past escalating rhetoric between the US and Iran and held on to hopes for a ceasefire in the Middle East. The cautious optimism in Asia followed a weaker session for US and...

Fears of an escalation in the US-Iran conflict kept investors on edge at the start of the week after a US Navy destroyer disabled and seized the Iranian-flagged cargo ship Touska in the Gulf of Oman on Sunday, following earlier Iranian fire on commercial vessels near the Strait of Hormuz. Oil...

Oil prices eased after US President Donald Trump announced a 10‑day ceasefire between Israel and Lebanon and signalled the war in Iran could be nearing an end, prompting some unwinding of recent risk premia. The geopolitical progress failed to lift sentiment in equities at the end of the week...

Global equity markets were buoyant to start Thursday, with Japan’s Nikkei 225 reaching a new record high and most Asian indices advancing as hopes for progress in US‑Iran peace talks supported risk appetite and oil price volatility eased. Sentiment was further underpinned by...

Avec le conflit au Moyen-Orient et la fermeture temporaire du détroit d'Ormuz, les marchés sont confrontés à un choc macroéconomique majeur, mais ils ont jusqu'à présent réagi avec un calme surprenant. La dynamique reste intacte, et la baisse des prix continue d'être saisie comme une...

Over the past weeks, the world has become more uncertain again. The conflict with Iran and the effective blockade of the Strait of Hormuz have pushed oil and gas prices sharply higher. This hits regions unevenly: while the United States is cushioned by its energy self sufficiency, Europe is...

Sometimes a few data points are enough to flip sentiment. After a tough industrial year in 2025, the mood was subdued in many aspects: supply chain shifts, tariff disputes, and concerns about an economic dip after the AI investment boom weighed on markets. Now, the latest sentiment indicators -...

At the start of 2026, the global economy is on firmer footing than many had anticipated a year ago. Recession fears have not materialised, with consumption and investment - particularly in the United States - proving resilient. Easing inflation pressures, the prospect of more supportive...

Before the year comes to an end, we would like to take the opportunity to highlight our monthly strategic assessment. In our view, economic growth is set to slow but remain positive, while inflation has likely peaked at lower than feared levels and financial conditions are still supportive.

US economic resilience reduced expectations for near-term Fed rate cuts, while the euro area reached its inflation target and Switzerland continued to face weak growth and low inflation. Global equities consolidated after recent gains, but Q3 earnings remained solid and emerging markets...

Global markets continue to impress with their resilience, defying many predictions of a sharp slowdown, even in the notorious autumn months. Consumption in the US economy - the world’s economic powerhouse - is cushioning the impact of tariffs and global uncertainties. While some cracks are...

As we enter the last quarter of 2025, investors face an economy shaped by subtle resilience and divergence rather than dramatic shifts. Headlines around trade tensions and changing global dynamics persist, but the risks of a sharp economic correction look contained, with growth adjustments...

In recent weeks, global markets have continued to test our ability to adapt and remain vigilant. While the initial shock of new tariffs and heightened political uncertainty seems to be subsiding, fresh challenges have emerged - inflationary pressures are reappearing, and economic momentum in...

The economic and geopolitical tensions of recent months have once again shown us how fragile and at the same time dynamic global markets can be. Tariffs, inflationary pressures, and central bank responses are just some of the factors keeping markets on edge. Yet, as uncertainties increase, it...