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The Bank of Japan (BOJ) left its key interest rate unchanged on Friday but upgraded its economic growth forecasts, signalling confidence in a gradual economic expansion. Asian equity markets were trading higher, led by technology stocks after upbeat comments from NVIDIA on artificial...

Equity markets recovered on Wednesday after US President Donald Trump used his appearance at the World Economic Forum in Davos to pull back threatened tariffs on several European countries, citing progress towards a framework agreement on Greenland and the broader Arctic region. US stocks...

Gold prices climbed to a fresh high just below USD 4900 per ounce on Wednesday as escalating tensions between the US and Europe over Greenland and renewed trade frictions unsettled markets and boosted demand for safe-haven assets. The US dollar continued its slide, while precious and industrial...

Escalating trade tensions between the US and Europe dominated markets at the start of the week, with US President Donald Trump threatening steep new tariffs on French wines and broader duties on several European NATO allies as part of his push to secure control over Greenland. European equities...

Tensions between Washington and Brussels flared up again at the weekend after US President Donald Trump threatened steep new tariffs on imports from eight European NATO members unless a deal is struck for the “complete and total” purchase of Greenland, prompting the EU to prepare potential...

Global equity markets found support late in the week from upbeat guidance and expanding investment plans at Taiwan Semiconductor Manufacturing Company (TSMC), which reinforced optimism around sustained demand for AI-related chips. US and European stock indices advanced on Thursday, led by...

Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker and Asia’s biggest technology company by market value, reported a strong rise in fourth-quarter profit and revenue on Thursday, but the figures did little to boost broader Asia-Pacific equity markets. US stocks...

China's trade surplus rose to a new record high last year after exports in December were stronger than expected despite a sharp decline in trade with the United States. Nevertheless, Chinese equities slipped on Wednesday after regulators tightened margin financing rules, in contrast to mostly...

Gold surged to a new all-time high at the start of the week as investors sought safety amid rising geopolitical and policy uncertainty, even as major equity indices in the US, Europe and Japan continued to notch fresh records. On Monday, Wall Street extended its rally despite escalating...

Earnings season kicks off this week with major US banks in focus, while investors also look to key US inflation data and a busy European macro calendar against a backdrop of heightened geopolitical risks and questions over Federal Reserve independence. US equities ended Friday higher with the...

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...

After the last few months were shaped by US tariff disruptions, driving volatility in global trade and economic growth, the latest escalation of the conflict between Israel and Iran with the direct involvement of the United States have shaken financial markets and rattled investors’ confidence.

Market sentiment remains characterised by a high level of uncertainty. As investors try to grasp the latest moves in the trade conflict, the global economic outlook is deteriorating. Tensions surrounding US President Trump’s ongoing trade war are translating into slowing growth and weakening...

The trade conflict triggered by US President Donald Trump remains a significant risk for investors, as clearly reflected in market volatility. In particular, the relationship between the US and China, the world’s largest economies, is likely to remain extremely fragile.

As we navigate the first quarter of 2025, the global economy is experiencing significant shifts, increasingly questioning fundamental beliefs that have held true for years. The resilience seen in 2024 has given way to a more complex landscape: The erratic US policies, a chaotic trade war...