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Insights & News

Stay up to date with global markets, discover our latest thinking on key topics, themes and asset classes, plus recent fund news.

Eurozone manufacturing remains in the doldrums

Eurozone manufacturing remains in the doldrums

The eurozone manufacturing sector has recently lost momentum. As the European Central Bank (ECB) noted at its July meeting, uncertainty about the sector’s outlook is one of the main risks to eurozone growth. Senior Economist GianLuigi Mandruzzato looks at the prospects for eurozone industrial production, also accounting for the developments in the Chinese economy.

  • 22 juillet 2024
Good news on Swiss electricity prices

Good news on Swiss electricity prices

The moderation in European electricity prices will spill over to Switzerland in 2025. As a result, Swiss inflation risks being lower than the SNB expects. In this Macro Flash Note, Senior Economist GianLuigi Mandruzzato looks at the implications for the Swiss National Bank (SNB) monetary policy and the Swiss franc.

  • 19 juillet 2024
Not all small caps are created equal

Not all small caps are created equal

US small-cap companies had a strong start to the second half of the year, with a rally of over 10.5% so far in July, after underperforming large-cap companies by almost 15% in the first half of 2024. The weaker-than-expected reading of the June Consumer Prices Index (CPI) index triggered a rotation from investors into parts of the market that had so-far lagged. We believe that while the asset class may look attractive, investors should remain selective in their small-cap exposure.

  • 19 juillet 2024
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