Category Archive: 2.) Pictet Macro Analysis

Euro area: The sky is the limit

Momentum in the euro area picked up further at the end of the year. The flash composite purchasing managers’ index (PMI) increased to 58.0 in December, from 57.5 in November, above consensus expectations (57.2). The improvement was once again broad-based across sectors.

Read More »

Pictet Multi-Generational Wealth, Singapore (Full version)

The fourth edition of the Asian Family Office Master Class took place in Singapore in November 2017, with about 70 guests attending. The focus was around the three pillars of Pictet’s Family Office offer: family governance, investment governance and operational governance. Among the speakers, we had the pleasure of welcoming José Leyte, Chief Executive Officer …

Read More »

ECB preview: close to target…by 2020

The ECB’s meeting on 14 December would be a non-event if it were not for two specific points to make clear before the Christmas break – the staff forecasts for inflation, and the not-so-constructive ambiguity on QE horizon. We expect no major surprise from the new staff projections, reflecting the ECB’s cautiously upbeat tone.

Read More »

The Swiss economy is gaining momentum

Swiss growth was disappointing at the end of 2016 and in the first half of 2017. Consequently, GDP growth this year is likely to be just 1.0% , its lowest level since 2012 . However, a wide set of statistics are already painting a considerably more positive picture of strengthening growth as we approach the end of 2017. Of particular note is the increasing contribution of manufacturing to real GDP growth.

Read More »

Perspectives Pictet – Back to normal in markets in 2018

2017 was a remarkable year, with positive returns for a wide array of risk assets. The environment will likely remain supportive as well, but Cesar Perez Ruiz, CIO at Pictet Wealth Management, says he expects more normal market conditions in 2018, with spikes in volatility that offer greater opportunities for active management. http://perspectives.pictet.com https://www.group.pictet/wealth-management

Read More »

Perspectives Pictet – Back to normal in markets in 2018

2017 was a remarkable year, with positive returns for a wide array of risk assets. The environment will likely remain supportive as well, but Cesar Perez Ruiz, CIO at Pictet Wealth Management, says he expects more normal market conditions in 2018, with spikes in volatility that offer greater opportunities for active management. http://perspectives.pictet.com https://www.group.pictet/wealth-management

Read More »

Euro Area Forecast to Grow 2.3percent in 2018

2017 was the year of the ‘Euroboom’ and the removal of political tail risks. Moving into 2018, we mark-to-market strong economic data, including carryover and revisions. We forecast annual GDP growth of 2.3% both in 2017 and 2018. Qualitatively, our forecasts reflect our view that the euro area has reached ‘escape velocity’, with important implications for investors.

Read More »

Pictet Perspectives – The Call of Asia

After a period of disappointment, Asian markets have outperformed for the past two years. And with paradigm shifts in businesses and economies, they still hold plenty of opportunities. So argues David Gaud, Chief Investment Officer for Asia at Pictet Wealth Management. https://www.group.pictet/wealth-management http://perspectives.pictet.com

Read More »

Pictet Perspectives – The Call of Asia

After a period of disappointment, Asian markets have outperformed for the past two years. And with paradigm shifts in businesses and economies, they still hold plenty of opportunities. So argues David Gaud, Chief Investment Officer for Asia at Pictet Wealth Management. https://www.group.pictet/wealth-management http://perspectives.pictet.com

Read More »

Economist Ducrozet Says ECB Could Still Surprise Markets

Oct.23 — Frederik Ducrozet, Pictet Wealth Management senior economist, discusses his predictions for ECB policy with Bloomberg’s Mark Barton on “Bloomberg Markets: European Close.”

Read More »

Pictet – The Entrepreneurs, Geneva (Abridged version)

The 4th edition of the Pictet Entrepreneurs held in Geneva in September 2017 brought together an exclusive group of 60 entrepreneurs and investors with a passion for innovation. On day one the focus was on the future of cities, food, agriculture, health and living in a secure world. On day two, the discussions centered around success, personal wealth and responsibility. http://perspectives.pictet.com/

Read More »

Pictet – The Entrepreneurs, Geneva (Abridged version)

The 4th edition of the Pictet Entrepreneurs held in Geneva in September 2017 brought together an exclusive group of 60 entrepreneurs and investors with a passion for innovation. On day one the focus was on the future of cities, food, agriculture, health and living in a secure world. On day two, the discussions centered around …

Read More »

Pictet – The Entrepreneurs, Geneva (Full version)

The 4th Pictet Entrepreneurs Summit held in Geneva in September 2017 brought together an exclusive group of 60 entrepreneurs and investors with a passion for innovation. On day one the focus was on the future of cities, food, agriculture, health and living in a secure world, while on day two the discussions centred on the …

Read More »

Pictet Perspectives – Nine years on, the bull has some room to run

The economic expansion of the global economic cycle is not over yet and it is temporarily in-sync. We don’t anticipate a recession. While the real growth recently reached a peak, it should moderately decelerate or stabilize in the US, Eurozone, UK, China and Japan. Inflation is likely to moderately pick up. We should remain in a low interest rate environment and the interest rate curve should flatten. High single digit earnings growth should...

Read More »

Pictet Perspectives – Nine years on, the bull has some room to run

The economic expansion of the global economic cycle is not over yet and it is temporarily in-sync. We don’t anticipate a recession. While the real growth recently reached a peak, it should moderately decelerate or stabilize in the US, Eurozone, UK, China and Japan. Inflation is likely to moderately pick up. We should remain in …

Read More »

Wealth, the mobile application from Pictet Wealth Management

Pictet’s clients can remain in constant contact with the Bank by using its state-of-the-art digital services. With Pictet’s mobile application “Wealth”, you can interact digitally with Pictet and have your portfolio at your fingertips. Pictet Wealth is currently available to all clients who hold an account at one of our offices.

Read More »

Pictet Perspectives – Deceptive calm

With the return of solid growth, Cesar Perez Ruiz, Chief Investment Officer at Pictet Wealth Management, discusses how anxiousness about turns in the monetary policy cycle is being expressed in forex rather than equity markets, where volatility remains low.

Read More »

Pictet Perspectives – Deceptive calm

With the return of solid growth, Cesar Perez Ruiz, Chief Investment Officer at Pictet Wealth Management, discusses how anxiousness about turns in the monetary policy cycle is being expressed in forex rather than equity markets, where volatility remains low.

Read More »

Pictet Perspectives – Equity markets set for a pause

Economic cycles have resynchronised, but this looks to be only a temporary phenomenon. Christophe Donay, Head of Asset Allocation and Macro Research at Pictet Wealth Management, discusses the implications for equity markets.

Read More »

Pictet Perspectives – Equity markets set for a pause

Economic cycles have resynchronised, but this looks to be only a temporary phenomenon. Christophe Donay, Head of Asset Allocation and Macro Research at Pictet Wealth Management, discusses the implications for equity markets.

Read More »