Valentin Vigier, Head of Responsible Investment, La Financière de l’Échiquier (LFDE) – December 2025 According to the European Commission, a raw material is critical when it combines ‘high economic importance’ and ‘high vulnerability to supply disruptions’. This definition takes on particular significance in the current geopolitical…

César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The S&P 5001 rose 3.7% (in USD) last week on improved sentiment towards tech stocks and reinforced expectations the Federal Reserve will cut interest rates in December. US Black Friday retail sales rose 4.1% year-on-year, with new AI…

Paul Reuge, European Equities Portfolio Manager Rothschild & Co Asset Management. Since the end of the Covid-19 pandemic, office Real Estate companies have continued to struggle on the stock market. They are underperforming the Eurozone Real Estate index across all sectors. Disrupted by the surge…

Investment-grade bonds from emerging markets currently represent a compelling alternative to US corporate bonds. Although market volatility has decreased somewhat since the 'Liberation Day' sell-off in April, overall uncertainty remains high. This is due to factors such as US trade tariffs, geopolitical tensions, concerns about…

Chinese equities have endured a volatile decade due to policy changes, geopolitical tensions and uneven growth. However, sentiment has swung too far into excessive pessimism, while China has made important structural progress that is now becoming more visible. The recent market recovery may mark the…

US economic growth is expected to slow next year due to institutional challenges and elevated valuations, while AI-related stocks remain attractive but require selectivity. These insights come from the 2026 Outlook published by experts at Allianz Global Investors. Europe, China and India offer diverse and…