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Escalating hostilities involving Iran, the US and Israel continued to unsettle investors at the start of the week, with Asian equities extending losses on Tuesday after sharp declines in Europe. Investors were focused on surging oil prices and the closure of the Strait of Hormuz shipping lane.

Escalating military confrontation between the US, Israel and Iran has driven a marked shift into safe-haven assets at the start of the week and pushed oil prices sharply higher. US and European equities closed lower on Friday following stronger‑than‑expected US producer prices, and Asian...

Global equity markets were cautious on Friday as renewed weakness in the US technology sector, led by a sharp pullback in Nvidia despite strong quarterly results, rippled through trading in Asia and weighed on European sentiment. Most major Asian indices traded softer, with profit-taking...

US stocks advanced on Wednesday and Asian markets were trading mostly higher on Thursday as Nvidia’s stronger-than-expected quarterly results and upbeat outlook reinforced confidence in the durability of AI-related investment. The chipmaker’s earnings, driven by rapid growth in data centre...

Asian equity markets were trading higher on Wednesday, with Japanese, South Korean and Australian stocks all at record levels as strong technology shares and solid earnings continued to lift sentiment across the region. The positive tone followed gains on Wall Street, where US indices advanced...

China’s central bank kept its key lending rates unchanged on Tuesday while allowing the yuan to strengthen gradually, highlighting policymakers’ balancing act between supporting a slowing economy and maintaining currency stability. Global equity markets nevertheless started the week on a weaker...

Equity markets started the week on a positive note, even as investors weighed the US Supreme Court’s decision on Friday to strike down much of President Donald Trump’s tariff agenda and his swift move to re‑impose broad levies under a different legal framework. US stocks finished last week...

Oil prices climbed to a multi‑month high at the end of the week as US President Donald Trump warned that nuclear negotiations with Iran have only around two weeks to succeed, against the backdrop of the largest US military build‑up in the Middle East since the Iraq War. The prospect of conflict...

Global stock markets extended their gains midweek as investors looked past a more hawkish tone from the Federal Reserve (Fed) and focused on robust technology momentum and signs of economic resilience. US equities closed higher on Wednesday but pared intraday advances after Fed minutes revealed...

Global equity markets were cautiously firmer to start the week’s mid-point, with Asian stocks edging higher on Wednesday as a rebound in technology shares – particularly in Japan – followed signs of stabilisation on Wall Street. Stronger-than-expected Japanese trade figures for January helped...

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 -...

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.